23 Jul 2009 16:00
23rd July 2009
West African Diamonds PLC ('West African Diamonds' or 'the Company')
Grant of Options
West African Diamonds announces that it has granted a total of 2,000,000 options to the Directors of the Company with an exercise price of 3p (`the Options'). The Options were granted effective 23 July 2009 and are exercisable for a period of 7 years from that date.
The breakdown of Options granted is as follows:
John Teeling | 500,000 |
James Campbell | 500,000 |
James Finn | 500,000 |
Alex Van Zyl | 500,000 |
Following the grant of the options the Directors will have the following holdings:
No. of shares | No of options | |
John Teeling | 2,015,862 | 1,000,000 |
James Campbell | 125,000 | 1,100,000 |
James Finn | 1,547,394 | 1,000,000 |
Alex Van Zyl | 1,125,000 | 1,000,000 |
Enquiries:
West African Diamonds plc | |
John Teeling, Chairman | +353 1 833 2833 |
James Campbell, Deputy Chairman | +27 83 457 3724 |
Astaire Securities plc Jerry Keen Andrew Raca | +44 (0)20 7448 4400 |
College Hill Paddy Blewer Nick Elwes | +44 (0)20 7457 2020 |
www.westafdiamonds.com