20th May 2008 12:10
OXUS GOLD PLC
Share Option Plan
LONDON: 20 May 2008 - Oxus Gold plc ('Oxus' or the 'Company') (OXS.L) today announces that it has issued a total of 8,805,000 new options to acquire ordinary shares of 1 pence each in the Company pursuant to the terms of its Share Option Plan. Net of exercised, cancelled and lapsed options this represents an increase of 5,513,334 options over the number of options outstanding as at 30 June 2007. The total number of options now outstanding is 15,261,000, representing 4.03% of the Company's current outstanding share capital of 378,717,611 shares.
The issue of new options includes options issued to certain Directors (including alternate directors) as follows:
Exercisable at 25p per share, and vesting one third on first gold production from the Asaukak heap leach mine at Amantaytau Goldfields ("AGF"), and two thirds on first gold production from the underground sulphide mine at AGF, and valid for five years from 19 May 2008, the date of grant:
Miradil Djalalov - 600,000 options
Graham Hill - 400,000 options
Jonathan Kipps - 400,000 options
Oliver Prior - 300,000 options
Douglas Sutherland - 600,000 options
Richard Wilkins - 1,500,000 options
Gordon Wylie - 300,000 options
Exercisable at 25p per share, and vesting 25% on 31 December 2008, 50% on first gold production from the underground sulphide mine at AGF, and 25% on 31 December 2009, and valid for five years from 19 May 2008, the date of grant:
John Donald - 2,000,000 options
Following the issue of new options, the number of options outstanding in respect of each director is now as follows:
Miradil Djalalov - 600,000 options
John Donald - 2,000,000 options
Graham Hill - 600,000 options
Jonathan Kipps - 2,350,000 options
Oliver Prior - 675,000 options
Douglas Sutherland - 975,000 options
Richard Wilkins - 3,450,000 options
Gordon Wylie - 550,000 options
All previous options issued to directors are exercisable at 54p per share, other than those issued to Gordon Wylie, which are exercisable at 62p per share.
OXUS GOLD PLC Tel: +44 (0) 207 907 2000
Jonathan Kipps - Finance Director
Richard Wilkins - Chief Executive Officer
CANACCORD ADAMS LIMITED Tel: +44 (0) 207 050 6500
Mike Jones
BANKSIDE CONSULTANTS Tel: +44 (0) 207 367 8888 Keith Irons
Oliver Winters
Related Shares:
Oxus Gold Plc