13 Mar 2012 17:00
Oxus Gold plc ('Oxus' or 'the Company')
Grant of Share Options
London: 13 March 2012 - Oxus Gold Plc ("Oxus" or the "Company") (OXS.L) announces that Mr. Richard Shead the Executive Chairman of Oxus has today been granted options over a total of 5,000,000 new ordinary shares of 1p each in the Company.
The options are exercisable at a price of 1.34p per Share (being the weighted average closing mid-market price per Share for the 30 day period preceding 1 March 2012) and are exercisable on the sooner of:
- 1 September 2012 in respect of 1,250,000 Shares;
- 1 March 2013 in respect of 1,250,000 Shares;
- 1 March 2014 in respect of 2,500,000 Shares.
- or in each of the above cases on receipt of a settlement or collection of an arbitral award in respect of the Company's dispute with the Uzbek Government, whichever comes sooner until 29 February 2017.
For further information, please contact:
Oxus Gold Plc Richard Shead, Chairman
| Tel: +44 (0) 207 907 2000 |
Fairfax I.S. PLC Ewan Leggat
| Tel: +44 (0) 207 598 5368 |