18 Jan 2011 09:35
Â
Â
Â
Â
Independent Resources plc
("IRG" or "the Company")
Â
GRANT OF OPTIONS
Â
Â
Independent Resources plc (IRG:L) announces that is has granted the following options to certain directors of the Company as follows:
Â
Director | No. of options |
Grayson Nash | 945,000 |
Roberto Bencini | 945,000 |
Timothy James | 285,000 |
Â
All of the above options are exercisable at 43p per share and are subject to the following vesting criteria:
Â
·; one third of the options vests if the average closing daily share price over the period 5 October 2011 to 4 October 2012 equals or exceeds 47.3p;
Â
·; another third vests if the average closing daily share price over the period 5 October 2012 to 4 October 2013 equals or exceeds 52.03p; and
Â
·; the final third vests if the average closing daily share price over the period 5 October 2013 to 4 October 2014 equals or exceeds 57.2p (one third of total shares).
Â
These are the only outstanding options issued by the Company to the executive directors.
Â
For further information, please visit www.ir-plc.com or contact: | ||
Grayson Nash | Independent Resources plc | +39 06 4549 0720 |
Simon Hudson | Tavistock Communications | 020 7920 3150 |
Lydia Eades | 020 7920 3150 | |
Jonathan Wright/ Stewart Dickson (Corporate Finance) | Seymour Pierce Limited | 020 7107Â 8000 |
Richard Redmayne/David Banks (Corporate Broking) |
Â
Â