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Last checked at 
31 Jul 2018 13:08
31 July 2018
Alexander Mining plc
("Alexander" or "the Company")
Grant of Share Options
The Board of Alexander announces that it has approved the grant of 4,000,000 new share options ("New Share Options") at an exercise price of 0.15 pence ("Exercise Price") to an important consultant to the Company.
The Exercise Price of the New Share Options represents a 20 per cent. premium to the closing mid-market 90 day simple moving average on 30 July 2018, being the final business day prior to the Board approval. The New Share Options will vest from the date of the grant (being 31 July 2018) and will expire on 28 July 2026.
As a result of the above grant, the Company has the following options in place for directors, employees and consultants.
Number of options | Exercise price |
98,000,000 | 0.15p per share |
43,300,000 | 0.22p per share |
12,900,000 | 4.92p per share |
ENDS
Enquiries
Martin Rosser Chief Executive Mobile: +44 (0) 7770 865 341
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Alexander Mining plc Tel: +44 (0) 20 7078 9566 Email: mail@alexandermining.com Website: www.alexandermining.com |
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Northland Capital Partners Limited Matthew Johnson / Dugald J Carlean (Corporate Finance) Isabella Pierre (Corporate Broking) Tel: +44 (0) 20 3861 6625
Turner Pope Investments (TPI) Ltd Andy Thacker Tel: +44 (0) 20 3621 4120 |
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