African Eagle Resources Regulatory News (AFE)

19 Jul 2005 10:45

African Eagle Resources PLC19 July 2005 AFRICAN EAGLE RESOURCES PLC GRANT OF SHARE OPTIONS African Eagle announces that it has granted 3,250,000 options at an exerciseprice of 18p to employees and directors of the Group, under the Company's shareoption scheme. The grants included: 375,000 options each to Mr Davies and MrParker (executive directors); 300,000 each to Mr Park (Chairman) and Mr Metcalf(executive director); and 225,000 each to Mr Worthington and Mr Cooper(non-executive directors). Under the rules of the scheme, the options may not normally be exercised beforethe first anniversary of the date of grant and may not in any event be exercisedlater than the fifth anniversary of the date of grant. The total number of options now outstanding under the scheme is 9,620,500. John ParkChairman African Eagle Resources plc 19 July 2005 For further information Tel MobileJohn Park (Chairman) African Eagle 020 7248 6059 077 7980 1159 or Mark Parker (MD)Leesa Peters or Amanda Harris Conduit PR 020 7618 8708 07979 955 923 This information is provided by RNS The company news service from the London Stock Exchange