18 Feb 2011 11:29

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Patagonia Gold PLC
("Patagonia Gold" or "the Company")
Grant of options
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On 10 February 2011 the Company's Remuneration Committee agreed to grant options over 5,500,000 ordinary shares of 1p each ("Ordinary Share") to certain Directors under the Company's share option arrangements.
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The following grants of options to Directors were made:
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Director | Options granted | Options held following this notification |
Carlos Miguens | 2,000,000 | 11,100,000 |
William Humphries | 2,000,000 | 11,100,000 |
Sir John Craven | 1,500,000 | 5,000,000 |
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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 50p per Ordinary Share.
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Enquiries:
Bill Humphries/Richard Prickett
Patagonia Gold Plc
Tel: +44(0)20 7409 7444
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Simon Raggett / Angela Peace
Strand Hanson Limited
Tel: +44(0)20 7409 3494
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