18 Jan 2011 09:35
Independent Resources plc
("IRG" or "the Company")
GRANT OF OPTIONS
Independent Resources plc (IRG:L) announces that is has granted the following options to certain directors of the Company as follows:
Director | No. of options |
Grayson Nash | 945,000 |
Roberto Bencini | 945,000 |
Timothy James | 285,000 |
All of the above options are exercisable at 43p per share and are subject to the following vesting criteria:
·; one third of the options vests if the average closing daily share price over the period 5 October 2011 to 4 October 2012 equals or exceeds 47.3p;
·; another third vests if the average closing daily share price over the period 5 October 2012 to 4 October 2013 equals or exceeds 52.03p; and
·; the final third vests if the average closing daily share price over the period 5 October 2013 to 4 October 2014 equals or exceeds 57.2p (one third of total shares).
These are the only outstanding options issued by the Company to the executive directors.
For further information, please visit www.ir-plc.com or contact: | ||
Grayson Nash | Independent Resources plc | +39 06 4549 0720 |
Simon Hudson | Tavistock Communications | 020 7920 3150 |
Lydia Eades | 020 7920 3150 | |
Jonathan Wright/ Stewart Dickson (Corporate Finance) | Seymour Pierce Limited | 020 7107 8000 |
Richard Redmayne/David Banks (Corporate Broking) | ||
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