19 Jan 2011 12:42
For immediate release: 19 January 2011
Sirius Minerals PLC
("Sirius Minerals", "Sirius", or "the Company")
Vesting of Director Options
The Company announces that options over 25,000,000 Ordinary Shares granted to Chris Catlow, Chairman of the Company, on his appointment, held by Broadscope Pty Ltd as trustee for the Catlow Family Trust, have now vested as a result of the Company's share price closing above 15p per Ordinary Share for 5 consecutive trading days. These options are exercisable at 4.5p for a period of 5 years from Chris' appointment.
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For further information, please contact:
Sirius Minerals Plc | |||
Chris Fraser(MD & CEO) | Tel: +44 7582711382 or +61 404073288 | Richard Poulden(Deputy Chairman) | Tel: +971 504 524 994 |
NOMAD | Joint Brokers | Media Enquiries | |
Beaumont Cornish Limited (Nomad) | XCAP Securities Plc | Daniel Stewart & Company Plc | Gth Media Relations |
Roland Cornish | John Grant, Karen Kelly, David Newton | Christopher Theis / Emma Earl | Toby Hall/Christian Pickel |
Tel: +44 207 628 3396 | Tel: +44 20 7101 7070 | Tel: + 44 20 7776 6550 | Tel: + 44 20 3103 3903 |
About Sirius Minerals Plc
Sirius Minerals is a globally diversified potash development company. Its primary focus is to bring on stream major potash mining facilities through the acquisition and development of projects overlying recognized potash deposits. Today it holds properties in the United Kingdom (Yorkshire), North America (North Dakota), and Australia (Queensland and Western Australia).
The Company is additionally progressing ongoing Research and Development initiatives into the secondary uses of salt and potash beds for energy storage and carbon dioxide sequestration.
Incorporated in 2003, Sirius Minerals' shares are traded on the London Stock Exchange's AIM market. Its shares are also traded in North America on the OTCQX through the use of a sponsored ADR facility. Further information on the Company can be found at www.siriusminerals.com.