18 Mar 2010 07:00
Avocet Mining PLC ("Avocet" or "the Company")
Directors' Dealings - Issue of Options
Issue of Share Options
The Board of Avocet announces that the Company has granted options of 1,600,000 ordinary shares of 5p each in the Company to executive directors, management and employees. The exercise price for these options is 105p and they cannot be exercised prior to the third anniversary of the date of issue, 18 March 2013. Exercise is subject to certain performance criteria of the Company as detailed in the Avocet Mining Share Option Plan. The options have an expiry date of 18 March 2017.
Jonathan Henry, the Company's Chief Executive Officer, was granted 250,000 options and holds the following options:
| Number of options | Exercise price | Date from which exercisable
| Expiry date |
|
|
|
|
|
| 110,000 | 72p | 27/11/2006 | 27/11/2010 |
| 263,415 | 82p | 14/7/2008 | 14/7/2012 |
| 36,585 | 82p | 14/7/2008 | 14/7/2010 |
| 450,000 | 81p | 25/6/2012 | 25/6/2016 |
| 500,000 | 103.25p | 15/11/2009 | 15/11/2013 |
| 200,000 | 153.75p | 9/7/2011 | 9/7/2015 |
| 250,000 | 105p | 18/3/2013 | 18/3/2017 |
Mike Norris, the Company's Finance Director, was granted 250,000 options and holds the following options:
| Number of options | Exercise price | Date from which exercisable | Expiry date |
| 500,000 | 103.25p | 15/11/2009 | 15/11/2013 |
| 19,512 | 153.75p | 9/7/2011 | 9/7/2013 |
| 130,488 | 153.75p | 9/7/2011 | 9/7/2015 |
| 250,000 | 81p | 25/6/2012 | 25/6/2016 |
| 250,000 | 105p | 18/3/2013 | 18/3/2017 |
Contacts:
James Wynn, Company Secretary, Avocet Mining PLC, 020 7766 7684
Richard Brown, Richard Greenfield, Ambrian Partners Limited, 020 7634 4700