Bisichi Regulatory News (BISI)

3 Jun 2005 12:30

Bisichi Mining PLC ("Bisichi Mining" or "the Company") EGM Circular to Shareholders Bisichi Mining announces that it has today posted a notice convening anExtraordinary General Meeting ("EGM" and "Notice" respectively) to approve thegrant of options over ordinary shares of 10p each in the Company ("OrdinaryShares") to Andrew Heller and Thomas Kearney, both directors of the Company, asset out below. The EGM will be held immediately after the company's AGM at11.20 a.m. on 23 June 2005 at Gresham College, Barnard's Inn Hall, London EC1N2HH. Name of Director Number of Options Exercise Price Andrew Heller 80,000 ‚£1.49 per share Thomas Kearney 120,000 ‚£1.49 per share The exercise of these options is subject to the growth in group net assets overthe three-year period ending 31 December 2006 exceeding the growth in theRetail Price Index over the same three-year period by at least 6% (i.e. anaverage of 2% per annum). Subject to the satisfaction of this condition, theoptions are exercisable from 24 September 2007. No consideration has been paidfor the granting of these options.Following the approval of these options by shareholders, Andrew Heller andThomas Kearney will hold options over Ordinary Shares as follows:Name of Director Number of Options Exercise Price Andrew Heller 313,000 Between ‚£0.34 and ‚£1.49 per share Thomas Kearney 120,000 ‚£1.49 per share Copies of the Notice will be available from the Company Secretary, BisichiMining PLC 8-10 New Fetter Lane, London EC4A 1AF and will shortly be availablefor inspection at the UKLA's Document Viewing Facility, which is situated at: 25 North ColonnadeCanary WharfLondonE14 5HSTel 020 7676 1000 3 June 2005 ENDBISICHI MINING