9th Dec 2013 09:40
9 December 2013
CHL: AIM
CHURCHILL MINING PLC
("Churchill" or "the Company")
Issue of options
Churchill Mining plc (AIM: CHL), ("Churchill" or the "Company") announces that it has granted 3,000,000 incentive share options to directors and management ("New Options").
The New Options which vest after 12 months of service from 9 December 2013 are exercisable at a price of 50p per share and expire 5 years from the date of issue. As part of the New Options, 2,300,000 have been granted to the following Directors of the Company.
Name | New Options granted | Total options held |
David Quinlivan | 850,000 | 2,850,000 |
Gregory Radke | 575,000 | 2,175,000 |
Nicholas Smith | 575,000 | 2,375,000 |
Fara Luwia | 150,000 | 950,000 |
John Nagulendran | 150,000 | 1,200,000 |
Total | 2,300,000 | 9,550,000 |
END
For further information, please contact:
Churchill Mining plc Russell Hardwick Nicholas Smith + 61 8 6382 3737 | Northland Capital Partners Limited Luke Cairns/Edward Hutton +44(0)20 7796 8800 |
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