4 Oct 2013 10:15
Patagonia Gold PLC
("Patagonia Gold" or "the Company")
Grant of Options
On 12 September 2013, the Board granted options over, in aggregate, 1,500,000 ordinary shares of 1p each ("Options") to Manuel de Prado Eulate and Glenn Featherby under the Company's share option arrangements, as set out below. The grant of the Options, which is in accordance with the terms of their letters of appointment dated 21 March 2013, as ratified at the AGM of 14 June 2013, was delayed due to the close period that has been in force since their appointment.
Name | Existing options | New Issue | Total options over ordinary shares |
Manuel de Prado Eulate | - | 750,000 | 750,000 |
Glenn Featherby | - | 750,000 | 750,000 |
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 11p per ordinary share.
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