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20 May 2008 12:10
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OXUS GOLD PLC
Share Option Plan
LONDON:Β 20Β MayΒ 2008 - Oxus Gold plc ('Oxus' or the 'Company') (OXS.L)Β todayΒ announces that it has issued a total ofΒ 8,805,000Β new options to acquire ordinary sharesΒ of 1 pence eachΒ in the Company pursuant to the terms of its Share Option Plan. Net of exercised, cancelled and lapsed options this represents an increase ofΒ 5,513,334Β options over the number of options outstandingΒ asΒ at 30 June 2007. The total number of options now outstanding isΒ 15,261,000, representingΒ 4.03% of the Company's current outstanding share capitalΒ of 378,717,611 shares.
The issue of new options includes options issued toΒ certainΒ Directors (including alternate directors) as follows:
Exercisable atΒ 25p per share, and vesting one third on first gold production from the Asaukak heap leach mineΒ at Amantaytau Goldfields ("AGF"),Β and two thirdsΒ on first gold production from the underground sulphide mineΒ at AGF, and valid for five years fromΒ 19Β MayΒ 2008,Β the date of grant:
Miradil Djalalov - 600,000 options
Graham Hill - 400,000 options
Jonathan Kipps - 400,000 options
Oliver Prior - 300,000 options
Douglas Sutherland - 600,000 options
Richard Wilkins - 1,500,000 options
Gordon Wylie - 300,000 options
Exercisable atΒ 25p per share, and vesting 25% on 31 December 2008, 50% on first gold production from the underground sulphide mineΒ at AGF,Β and 25% on 31 December 2009,Β and valid for five years fromΒ 19Β MayΒ 2008,Β the date of grant:
John Donald - 2,000,000 options
Following the issue of new options, the number of options outstanding in respect of each director is now as follows:
Miradil Djalalov - 600,000 options
John Donald - 2,000,000 options
Graham Hill - 600,000 options
Jonathan Kipps -Β 2,350,000 options
Oliver Prior - 675,000 options
Douglas Sutherland -Β 975,000 options
Richard Wilkins - 3,450,000 options
Gordon Wylie - 550,000 options
All previous options issued to directors are exercisable at 54p per share,Β other than those issued to Gordon Wylie, which are exercisable at 62p per share.
OXUS GOLD PLC Tel: +44 (0) 207 907 2000
Jonathan Kipps - Finance Director
Richard Wilkins - Chief Executive Officer
CANACCORD ADAMS LIMITED Tel: +44 (0) 207 050 6500
Mike Jones
BANKSIDE CONSULTANTS Tel: +44 (0) 207 367 8888 Keith Irons
Oliver Winters
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