Grant of options

RNS Number : 3363T

Beowulf Mining PLC

27 September 2010

 



27 September 2010

Beowulf Mining Plc

("Beowulf" or the "Company")

Grant of Options

Beowulf (AIM: BEM; Aktietorget: BEO), the AIM and Aktietorget traded mineral exploration company which owns several exploration projects in Sweden, announces that on 24 September 2010 it granted options over, in aggregate, 850,000 ordinary shares of 1 pence each in the share capital of the Company (the "Shares") to certain directors.  The options vest over a five year period from 24 September 2010 and are immediately exercisable, in whole or in part, up to the fifth anniversary of the date of the grant, at an exercise price of 7 pence per Share.

Details of the grant of options to the directors of the Company are as follows:

	Number of options granted	Exercise price per share	Total number of shares now held under option
Dr Jan-Ola Larsson	350,000	7.00p	600,000
Mr Anthony Scutt	250,000	7.00p	500,000
Mr Edward Taylor	250,000	7.00p	500,000

Enquiries:

Beowulf Mining Plc
Clive Sinclair-Poulton, Chairman	[phone]
Strand Hanson Limited
Matthew Chandler / Simon Raggett	[phone]
Alexander David Securities Limited
David Scott / Nick Bealer	[phone]
Lothbury Financial Services Limited
Gary Middleton / Michael Padley	[phone]
or visit http://www.beowulfmining.net

 

END

 

 

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