5 Oct 2010 14:09
05 October, 2010
Ormonde Mining plc
("Ormonde" or "the Company")
Granting of Options
DUBLIN & LONDON: 05 October, 2010 - Ormonde Mining plc has granted options over Ordinary Shares of nominal value Euro0.025 in the Company to Directors on 5 October 2010 as follows:
| Director | Options granted on 05 October 2010 | Total Options held following grant |
|
|
|
|
| Kerr Anderson | 1,000,000 | 3,200,000 |
| Michael Donoghue | 1,000,000 | 2,750,000 |
| Stephen Nicol | 2,000,000 | 3,000,000 |
| John Carroll | 750,000 | 2,950,000 |
The exercise price for each option is Euro0.066 representing the closing price on the Dublin Stock Exchange on Monday 4th October 2010, and the options are exercisable at any time up to 4th October 2020.
For further information:
Ormonde Mining plc
Kerr Anderson, Managing Director Tel: +353 (0)46 9073623
Bankside Consultants
Simon Rothschild / Louise Mason Tel: +44 (0)20 7367 8888 Mob: +44 (0)7703 167065
Davy (Nomad / ESM Adviser)
Fergal Meegan/Roland French Tel: +353 (0)1 6796363
Fairfax I.S. PLC (Joint Broker)
Ewan Leggat/Katy Birkin Tel: +44 (0)207 598 5368