17 Sep 2013 13:26
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.
17 September 2013
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")
Grant of Share Options
Stellar, the London listed (AIM: STEL) diamond mining and exploration company focused on West Africa, announces the grant of share options to directors and employees of the Company or its subsidiaries. Options over a total of 20,000,000 new shares, representing 4.1 per cent of the Company's issued share capital, have been granted at an exercise price of 1.25 pence per ordinary share, exercisable for a period of 5 years from the date of grant, subject to the terms of the either the unapproved or the EMI Company share option scheme. The exercise price represents a premium of 14% to the closing share price on 16 September 2013.
The allocation of the share options is detailed in the following table:
Directors | Position | Share Options granted | Exercise price (£) | Total number of Share Options held |
Lord Daresbury | Non-Executive Chairman | 2,100,000 | 0.0125 | 4,802,000 |
Karl Smithson | Chief Executive Officer | 4,500,000 | 0.0125 | 10,506,500 |
Steven Poulton | Non-Executive Director | 1,700,000 | 0.0125 | 3,952,000 |
James Campbell | Non-Executive Director | 1,300,000 | 0.0125 | 2,650,000 |
Luis da Silva | Non-Executive Director | 1,100,000 | 0.0125 | 3,053,000 |
Dr. Markus Elsässer | Non-Executive Director | 2,100,000 | 0.0125 | 3,100,000 |
12,800,000 | 28,063,500 | |||
Other Employees | 7,200,000 | 0.0125 | 14,862,650 | |
Total | 42,926,150 |
Following these option grants the total number of shares under option is 42,926,150 representing 8.71% of the company's share capital of 492,571,076 ordinary shares.
For further information contact the following or visit the Company's website at www.stellar-diamonds.com.
Stellar Diamonds plc
Karl Smithson, Chief Executive Tel: +44 (0) 20 7010 7686
Charles Stanley Securities
(Nominated Advisor and Joint Broker)
Mark Taylor, Marc Milmo, Carl Holmes Tel: +44 (0) 20 7149 6000
Daniel Stewart & Company plc
(Joint Broker)
Martin Lampshire, Antony Legge Tel: +44 (0) 20 7776 6550