20 Sep 2013 14:50
Patagonia Gold PLC
("Patagonia Gold" or "the Company")
Grant of Options
On 19 September 2013, the Board agreed to grant options over 6,000,000 ordinary shares of 1p each ("Options") under the Company's share option arrangements, of which 5,000,000 Options were granted to a Director, being Carlos Miguens, Non-Executive Chairman. The Options are exercisable (in whole or in part) at any time up to the tenth anniversary of the date of grant and are exercisable at a price of 11.75p per ordinary share, being the closing mid-market share price on 18 September 2013.
Following the grant of Options, Mr Miguens is interested in 24,500,000 options over ordinary shares in the Company.
Enquiries:
Bill Humphries, CEO
Patagonia Gold Plc
Tel: +44 (0)20 7409 7444
David Bick / Mark Longson
Square 1 Consulting
+44 (0)20 7929 5599
Angela Hallett/James Spinney
Strand Hanson Limited
Tel: +44 (0)20 7409 3494
Rory Scott
Mirabaud Securities LLP
Tel: +44 (0)20 7484 3510