SolGold Regulatory News (SOLG)

31 Jan 2008 07:21

Solomon Gold PLC31 January 2008 31 January, 2008 Announcement to London Stock Exchange Solomon Gold plc GRANT OF SHARE OPTIONS TO DIRECTORS On 31 January 2008 the Company granted a total of 1,000,000 share options, fornil consideration, to directors of the Company over the Company's ordinaryshares of 1 pence each ("Ordinary Shares"). These share options were granted atexercise prices between 25 pence and 75 pence per Ordinary Share. The periodduring which these share options can be exercised is between 31 January 2008 and31 December 2010. A breakdown of the options issued is set out below: Recipient/Directors Title Number of share Number of share options options granted as a percentage of current issued share capital Nicholas Mather Chief Executive Officer 500,000 1.13%Cameron Wenck Non-Executive Chairman 200,000 0.45%Brian Moller Non-Executive Director 150,000 0.34%Robert Weinberg Non-Executive Director 150,000 0.34% The Company's Articles provide that the Directors are entitled to grant optionsover the Ordinary Shares of the Company. However, the Directors resolved todefer to members for approval of the grant of options noted above. At the AGMheld today (31 January 2008), shareholders voted overwhelmingly in favour of theresolutions to grant the options. Following today's grant of options, the Directors interests (either directly orindirectly) in Ordinary Shares and options are set out below. Director Ordinary Shares % total Previous Options 31-Jan-08 Options £0.50 - £1.00 * £0.25 - £0.75 Expire 31-Dec-10Nicholas Mather 2,905,680 6.6% 700,000 500,000Cameron Wenck 332,045 0.8% 75,000 200,000Brian Moller 210,518 0.5% 75,000 150,000Robert Weinberg 82,556 0.2% 75,000 150,000Total Company 44,325,001 *Note: the previously granted options expire between 1-Jan-10 and 1-Jan-11. By order of the BoardDP CornishCompany Secretary Contacts:Mr Duncan CornishSecretaryTel: +61 7 3303 0660 or dcornish@solomongold.com Mr Stephen WeirRFC Corporate FinanceNominated AdvisorTel +61 2 9250 0048 or Stephen.Weir@rfc.com.au This information is provided by RNS The company news service from the London Stock Exchange