5 Dec 2011 11:15
Uranium Resources plc / Market: AIM / Epic: URA / Sector: Exploration
5 December 2011
Uranium Resources plc ('Uranium Resources' or 'the Company')
Grant of Options
Uranium Resources plc, the AIM listed uranium exploration and development company, announces that is has cancelled all unexpired options to subscribe for its ordinary shares of 0.1p each and granted new options to certain Directors and other Management of the Company to subscribe for the following new ordinary shares:
Exercise Price | |||||
Grantee | 2.5p | 5p | 10p | Total | Expiry |
Alex Gostevskikh | 8,000,000 | 10,000,000 | 10,000,000 | 28,000,000 | 30-Nov-16 |
James Pratt | 5,000,000 | 5,000,000 | 10,000,000 | 30-Nov-16 | |
Ross Warner | 5,000,000 | 5,000,000 | 10,000,000 | 30-Nov-16 | |
Andrew Lewis | 5,000,000 | 5,000,000 | 10,000,000 | 30-Nov-16 | |
Other Management | 1,000,000 | 1,000,000 | 2,000,000 | 30-Nov-16 | |
TOTAL | 24,000,000 | 26,000,000 | 10,000,000 | 60,000,000 | |
These options, which have been granted following the recommendation of the Remuneration Committee, vest immediately and have been granted to align the interests of Directors and employees with those of shareholders and encourage staff retention.
**ENDS**
For further information please visit www.uraniumresources.co.uk or contact:
Alex Gostevskikh | Uranium Resources plc | Tel: +255 (0) 752 968 062 |
Ross Warner | Uranium Resources plc | Tel: +44 (0) 7760 487769 |
Anthony Rowland | Ambrian Partners Ltd (Nomad) | Tel: +44 (0) 20 7634 4700 |
Jeremy King | Optiva Securities Ltd | Tel +44 (0)20 3137 1904 |
Jason Robertson | Optiva Securities Ltd | Tel + 44 (0)20 3137 1904 |
Hugo de Salis | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
Felicity Edwards | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
About Uranium Resources
Uranium Resources plc is an AIM listed exploration and development company. It is the Company's strategy to advance its existing assets and strengthen its portfolio via opportunistic acquisition. Uranium Resources has uranium licences in the highly prospective Karoo Basin in Southern Tanzania.