Directors' Dealings, Grant of Options and Issue of Equity
Directors' Dealings and Grant of Options
The Board of Directors of URU Metals Limited ("URU Metals" or "URU" or "the Company") announces that on 21 February 2012 it awarded 1,850,000 options over ordinary shares of US$0.01 in the Company ("Options") to certain Directors and employees of URU Metals. The Options may not be exercised later than the tenth anniversary of the date of grant, vest equally over three years and are exercisable at 7 pence per share, being the mid-market closing price of the Company's ordinary shares of US$0.01 each on 20 February 2012.
The Options have been awarded as follows:
Name and title
Number of Options granted on 21/02/12
Chief Executive Officer
Chief Financial Officer
Issue of Equity
The Board of Directors announces that on 21 February 2012 it issued 66,666 new ordinary shares of US$0.01 each in the Company, following the exercise of options by an employee of the Company. The options were exercised at a price of 4.88p per share.
The new ordinary shares will rank pari passu with existing ordinary shares in the Company and application will be made for these new ordinary shares to be admitted to trading on AIM, which is expected to occur on or around 29 February 2012.
As a consequence of the exercise of share options as detailed above, the Company's issued share capital now comprises 113,276,722 ordinary shares of US$0.01 each. There are no ordinary shares held in treasury. Therefore the total number of voting rights in URU Metals is now 113,276,722.
URU Metals Limited
Paul Loudon +44 20 3151 0970
John Lynch +1 416 504 3978
Fairfax I.S. PLC (Nominated Adviser and Joint Broker)
Ewan Leggat/Laura Littley +44 207 598 5368
Daniel Stewart & Company Plc (Joint Broker)
Sean Lunn/Noelle Greenaway +44 207 776 6590
Brand: Mining IR
Dr Iestyn Adams/Andre Morrall +44 (0)151 244 5587
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