5th Jun 2009 16:16
AIM: EMED 5 June 2009
Issue of share options
The Board of EMED Mining Public Limited (the "Company") today announces that at its Board meeting on 3rd June 2009 and in accordance with the Company share option scheme, it allocated 6,500,000 share options. The Company's share price at that date was 6.5p. The issue of share options is in accordance with the authority delegated by shareholders at the AGM (1 June 2009) to issue a total of 10,000,000 share options.
The 6,500,000 share options have been allocated at an exercise price of 8p and those allocated share options expire 4 years from the date of issue.
The 6,500,000 share options have been issued as follows -
2,000,000 share options have been allocated to the Managing Director
1,450,000 share options have been allocated to the Finance Director
500,000 share options have been allocated to the Chairman
250,000 share options have been allocated to each of the Non Executive Directors.
The balance of the 6,500,000 share options have been allocated to other Executives within the EMED Mining Group.
The options have been issued as compensation following the voluntary pay reduction that senior management has accepted.
Enquiries
|
EMED Mining |
Fox-Davies Capital |
RFC Corporate Finance |
Bishopsgate Communications |
|
Harry Anagnostaras-Adams |
Jason Bahnsen |
Stuart Laing |
Nick Rome |
|
+357 9945 7843 |
+44 (0)207 936 5230 |
+618 9480 2500 |
+44 (0)207 562 3350 |
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