Tethyan Resources Regulatory News (TETH)

13 Jun 2005 16:18

Triple Plate Junction Plc13 June 2005 For immediate release 13 June 2005 Triple Plate Junction plc Share Options Award Triple Plate Junction plc's ("TPJ" or the "Company") the AIM-listed goldexploration company focusing on South East Asia, announces the followingarrangement with respect to share options awarded to Directors and otheremployees. The Remuneration Committee of the Company has agreed and authorised the grantingof options to subscribe for ordinary shares in the Company, under the TriplePlate Junction Unapproved Share Option Plan ("the Plan") to various EligibleEmployees of the Company (as defined by the Rules of the Plan). The exercise price for each Option will be 29.5p per ordinary share of 1p eachin the capital of the Company ("Ordinary Shares") and the Options will beexercisable between the 3rd and 10th anniversaries of the date the options weregranted. Details of the Options are as follows: Name Historical Options Current Issue Revised level of options Geoff Walsh 1,600,000 1,200,000 2,800,000David Lees 1,333,333 1,100,000 2,433,333William Howell 896,667 1,200,000 2,096,667Other Employees 455,000 925,000 1,380,000Total 4,285,000 4,425,000 8,710,000 For further information please contact: Triple Plate Junction 020 7499 1400Ian Gowrie-Smith, ChairmanGeoff Walsh, Chief ExecutiveDavid Lees, Finance Director Buchanan Communications 020 7466 5000Tim Anderson, Isabel Podda, Ben Willey This information is provided by RNS The company news service from the London Stock Exchange