Eurasia Mining PLC
22 August 2000
EURASIA MINING PLC
GRANT OF EXECUTIVE SHARE OPTIONS
Following its Annual General Meeting on 21 July 2000, approving
the establishment of a replacement Executive Share Option
Scheme, Eurasia Mining PLC ('the Company') has granted the
following share options to directors and management of the
Company:
Exercise Price A H Counsell RJG Jenkins Management
23p 415,000 75,000 275,000
40p 250,000 250,000 250,000
60p 250,000 250,000 250,000
These share options are exercisable by the relevant individuals
as to one third after one year, one third after two years and
one third after three years, as from the date of grant, with the
right to exercise relating to those options at the lower
exercise prices prior to those at the higher exercise prices.
The grant of the share options exercisable at 23p is in
accordance with the Company's announcement of 26 April 2000
concerning its share placement and debt conversion, totalling
£3.5million, at 23p per share. In this connection, the Company
is also reserving 70,000 further share options at an exercise
price of 23p for granting to other management in due course.
The Company also advises the transfer to Mr RJG Jenkins 43,333
Ordinary Shares in the Company by an entity in which Mr AH
Counsell has a beneficial interest. Following this transfer,
the resulting shareholding interests in Company of Mr Counsell
and Mr Jenkins are 296,667 Ordinary Shares (1.07%) and 153,000
Ordinary Shares (0.55%) respectively.
Listing: Alternative Investment Market, London Stock Exchange
Code: EUA
Website: WWW.eurasia-mining.plc.uk
Email: info@eurasia-mining.plc.uk
For further information please contact:
Andrew Counsell, Managing Director Tel:+44 20 7976 1222
Robert Jenkins, Finance Director Tel: +44 20 7976 1222
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