Last checked at 22 Jul 2014 07:00
Landore Resources Limited
("Landore" or the "Company")
Grant of Options
Landore announces that, on 21 July 2014, the remuneration committee of the Company approved the grant of options over, in aggregate, 9,300,000 ordinary shares of 1p each in the share capital of the Company ("Ordinary Shares") to certain key employees and directors of the Company employees under stand alone option deeds (the "Options"). These were then approved by the board on the same date.
The following Options were granted to directors of the Company:
Name | Number of Options | Total number of Ordinary Shares held under option |
William Humphries | 4,500,000 | 21,500,000 |
Richard Prickett | 2,500,000 | 12,500,000 |
Charles Wilkinson | 250,000 | 1,500,000 |
Helen Green | 250,000 | 1,000,000 |
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 3.525p per Ordinary Share, being the closing share price on 21 July 2014.
An additional 1,800,000 Options were granted to key employees of the Company. As a result, following the grant of the Options, the Company now has a total of 45,100,000 options over Ordinary Shares outstanding, representing 8.7 percent of the Ordinary Shares currently in issue.
Enquiries:
Bill Humphries / Richard Prickett
Landore Resources Limited
Tel: 07734 681262
Tel: 07775 651421
Angela Hallett/James Spinney
Strand Hanson Limited
Tel: 020 7409 3494
Jon Belliss
Hume Capital Securities plc
Tel: +44 (0)20 3693 1470
David Bick
Financial PR
Tel: 07831 381201