5th Apr 2007 10:03
Herencia Resources PLC05 April 2007 5 April 2007 Herencia Resources plc ("Herencia" or the "Company") Issue of Options The Company announces that on 2 April 2007 it approved the issue of 2,400,000options to subscribe for ordinary shares of 0.1p each, in the share capital ofthe Company (the "Options") to Michael Bohm, a director of the Company. The Options can be exercised as follows: • 800,000 options are exercisable any time from the date of issue, at a price of 1.5p per share; • A further 800,000 options can be exercised any time after 19 June 2007, at a price of 3p per share; • The remaining 800,000 options are exercisable any time after 19 June 2008, at a price of 4p per share. The Options shall lapse if not exercised prior to 5pm on 31 August 2010. The Options will not be admitted to trading on AIM. Following the issue of options Michael holds, in total, 2,400,000 options in theCompany and also 450,000 ordinary shares of 0.1p each in the Company. For more information please contact: David Youngman, WH Ireland +44 161 832 2174 Michael Bohm, Herencia Resources plc +61 8 9221 7466 Further background details on the Company can be found at www.herenciaresources.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Herencia Resources