Last checked at 21 Mar 2012 16:37
Landore Resources Limited
("Landore" or "the Company")
Grant of options
On 20 March 2012 the Company's Remuneration Committee recommended the grant of options over 3,500,000 ordinary shares of 1p each (each an "Ordinary Share") to Directors and certain employees under stand alone option deeds. These were then approved by the board on the same date.
The following option grants to Directors were made:
Director | Options granted | Options held following this notification |
William Humphries | 1,000,000 | 14,000,000 |
Richard Prickett | 1,000,000 | 8,500,000 |
The options are exercisable (in whole or in part) at any time up to the fifth anniversary of the date of grant and are exercisable at a price of 7.875p per Ordinary Share.
Enquiries:
Bill Humphries/Richard Prickett
Landore Resources Limited
Tel: +44(0)20 7409 7444
Simon Raggett / Angela Peace
Strand Hanson Limited
Tel: +44(0)20 7409 3494