16th Jul 2007 07:21
Albidon Limited16 July 2007 Level 1 62 Colin St West Perth 6005ALBIDON LTD Western Australia ARBN 107 288 755 Tel: +61 8 9211 4600 Fax: +61 8 9211 4699 Email: [email protected] ASX Code: ALB AIM Code: ALD 16 July 2007 Market release via electronic lodgement ISSUE OF INCENTIVE OPTIONS The Company resolved today to issue following options to key employees: • 250,000 Options exercisable at $3.14 expiring on or before 12 July 2010; and • 50,000 Options exercisable at $2.60 expiring on or before 20 May 2010. The Options vest on continued service to the Company ranging from 2 to 3 yearsand/or certain key milestone events. The issue of these options preserves the cash resources of the Company and atthe same time provides an added incentive for key personnel. The Company ispleased at the commitment to the future of Albidon represented by the agreementof these personnel to convert fees to options. By order of the BoardAlbidon Limited If you have any queries please contact the CFO, Nicholas Day on +61 8 9211 4600. Albidon's nominated adviser is RFC Corporate Finance Ltd, contact Stephen Allen+61 8 94802500. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ALD.L