29 Jul 2013 13:16
29 July 2013
Patagonia Gold Plc
("Patagonia Gold" or the "Company")
Result of General Meeting
The board of Patagonia Gold is pleased to announce that the resolution set out in the circular to shareholders on 12 July 2013 was passed at the General Meeting of the Company held earlier today.
Accordingly, the board of directors of the Company has approved the re-pricing of 17.7 million outstanding share options ("Options") held by directors and employees of the Company granted during the period from February 2011 to January 2012.
Details of the Options held by the directors are as follows:
Director | Number of Shares subject to Option | Grant Date | New Exercise Price (p) | Original Exercise Price (p) | Expiry Date |
Carlos Miguens | 2,000,000 | 10/02/11 | 11 | 50.00 | 09/02/21 |
William Humphries | 2,000,000 | 10/02/11 | 11 | 50.00 | 09/02/21 |
Carlos Miguens | 900,000 | 13/05/11 | 11 | 42.25 | 12/05/21 |
William Humphries | 900,000 | 13/05/11 | 11 | 42.25 | 12/05/21 |
Marc Sale | 550,000 | 13/05/11 | 11 | 42.25 | 12/05/21 |
Gonzalo Tanoira | 500,000 | 13/05/11 | 11 | 42.25 | 12/05/21 |
Edward Badida | 750,000 | 01/11/11 | 11 | 50.25 | 31/10/21 |
Carlos Miguens | 2,000,000 | 31/01/12 | 11 | 42.50 | 30/01/22 |
William Humphries | 2,000,000 | 31/01/12 | 11 | 42.50 | 30/01/22 |
TOTAL | 11,600,000 |
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Full details of the Options' re-pricing are set out in the circular, which is available from the Company's website, www.patagoniagold.com.
**ENDS**
Enquiries:
Bill Humphries/Nigel Everest | Colin Languedoc |
Patagonia Gold Plc | Barnes Communications Inc. |
Tel: +44 (0) 20 7409 7444 | Tel: +1 (416) 367 5000 |
Rory Scott | David Bick/Mark Longson |
Mirabaud Securities LLP | Square 1 Consulting |
Tel: +44 (0) 20 7878 3360 | Tel:+44 (0) 20 7929 5599 |
Angela Hallett/James Spinney | |
Strand Hanson Limited | |
Tel: +44 (0) 20 7409 3494 |