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2 Apr 2015 12:25
2 April 2015
Leed Resources Plc
("Leed" or "the Company")
Grant of Share Options
Leed announces that in line with the policy adopted a year ago, whereby all share options were cancelled until such time as the Company made a further investment, the Company has today granted options over a total of 272,000,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares"). 240,000,000 of the share options have been granted to Directors, following the initial investment in Battalion.
Grant of Share Options to Directors
Details of the share option awards to Directors are as follows:
Name of Director
| Number of Options granted
|
Jinesh Patel | 80,000,000 |
Ian Gibbs * | 80,000,000 |
Charles Zorab | 80,000,000 |
* These share options are held by Bromius Capital Pte Ltd, a company in which Mr Gibbs is a shareholder and director.
The share options for Directors are exercisable from 2 April 2015 to 2 April 2020 at 0.1p per share being a 43% premium over the closing mid-market price on 1 April 2015 of 0.07p per share.
Grant of Share Options to a Consultant
A share option has today been granted to a consultant over 20,000,000 Ordinary Shares, exercisable on the same terms as those share options granted to the Directors above.
Grant of Share Options to Nomad and Broker
SP Angel has today been granted a share option over 12,000,000 Ordinary Shares, exercisable during the period 2 April 2015 to 2 April 2018 at a price of 0.1p per Ordinary Share.
Following the above share option grants, the total number of Ordinary Shares under option is 272,000,000, representing 8.76% of the Company's current issued share capital.
Enquiries:
For further information, please contact:
Leed Resources plc |
|
Jinesh Patel | Tel: +65 65 35 2838 |
Charles Zorab
| Tel: +44 20 3405 4214 |
SP Angel Corporate Finance LLP |
|
Nomad and Broker |
|
Ewan Leggat | Tel: +44 (0) 20 3470 0470 |
Katy Birkin |
|
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