Issue of Options

RNS Number : 7552H

Rare Earth Minerals PLC

21 May 2014

 



21 May 2014

Rare Earth Minerals plc

(the "Company")

Issue of Options

Rare Earth Minerals plc (AIM: REM) the rare earth minerals and metals projects investment company announces that it has issued options over a total of 200,000,000 ordinary shares at an exercise price of 0.48p per share (compared to the closing mid-market price on 20 May 2014 of 0.48p). These options will vest immediately and will expire on 31 December 2020.

The options represent in aggregate 3.85% of the existing issued share capital and have been issued on the following basis: Directors 1.93%, and management, consultants and advisers 1.92%

The options for the directors have been issued as follows:

Name	Options issued	Existing     options	Ordinary shares	Total	% of issued share capital
A.Fairbourn	40,000,000	20,000,000	6,666,667	66,666,667	1.28%
D.Strang	60,000,000	-	-	40,000,000	0.77%

For further information please contact:

Rare Earth Minerals plc
David Lenigas	[phone]
WH Ireland Limited
James Joyce	[phone]
Nick Field

 

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