Grant of share options and directors' dealings

RNS Number : 9307H

Cluff Natural Resources plc

26 June 2013

 



Cluff Natural Resources plc / Index: AIM / Epic: CLNR / Sector: Natural Resources

26 June 2013

Cluff Natural Resources plc ('CNR' or 'the Company')

Grant of share options and directors' dealings

Cluff Natural Resources plc, an investing company founded by natural resources entrepreneur Algy Cluff, is pleased to announce that on 26 June 2013, 3,000,000 options over ordinary shares of 0.5p each in the Company ('Ordinary Shares') were granted to Graham Swindells, the Company's recently appointed CFO.  The share options have an exercise price of 5.125p per share and are equivalent to 3.4% of the Company's issued share capital. The share options vest in 12 months and are exercisable over 10 years, according to the Company's share option scheme.

The Company was also today notified that the Earl De La Warr, Non-Executive Director of the Company acquired 800,000 Ordinary Shares on 25 June 2013 at an average price of 5.5 pence each and that Graham Swindells today acquired 88,112 shares at an average price of 5.7 pence each.

Following these purchases, the Earl De La Warr and Graham Swindells are now interested in 1,800,000 and 88,112 Ordinary Shares respectively, representing approximately 2.1 per cent. and 0.1 per cent. of the Company's issued ordinary share capital.

The total number of ordinary shares currently in issue is 87,000,000.

**ENDS**

For further information visit www.cluffnaturalresources.com or contact the following:

Cluff Natural Resources Plc
Algy Cluff / Graham Swindells	Tel: [phone]
Shore Capital and Corporate Limited (Nominated Adviser)
Pascal Keane / Toby Gibbs	Tel: [phone]
Shore Capital Stockbrokers Limited (Broker)
Jerry Keen	Tel: [phone]
St Brides Media & Finance Ltd
Felicity Edwards / Lottie Brocklehurst / Frank Buhagiar	Tel: [phone]

 

END

 

 

RDSSEFFDMFDSEFM