Grant of Share Options

RNS Number : 0899R

Ironveld PLC

14 November 2012

 



14 November 2012

Ironveld plc ("Ironveld" or the "Company")

Grant of Share Options

Ironveld plc, announces that on 13 November 2012 the Company's Remuneration Committee, granted options to Peter Cox, CEO of the Company, over 7,139,470 new ordinary shares of 1p each ("Ordinary Shares"), representing 2.5 per cent of the current issued share capital of the Company, under the Long Term Incentive Plan ("LTIP") approved at the General Meeting held on 15 August 2012.

Under the terms of the LTIP the options are nominal cost options with an exercise price of 1p which are eligible to vest over a three year period in three equal installments on the 1st, 2nd and 3rd anniversary of the grant. The options expire on the tenth anniversary of the grant.

Following the grant of the 7,139,470 options Peter Cox is now interested in 8,567,454 options over new Ordinary Shares, equivalent to 3.0% of the current issued share capital of the Company.

For further information, please contact:

Ironveld plc Giles Clarke, Non-Executive Chairman Peter Cox, Chief Executive	c/o FTI Consulting  020 7269 7183
Shore Capital and Corporate Limited	020 7408 4090
Stephane Auton /  Toby Gibbs (corporate finance)
Jerry Keen (corporate broking)
F T I Consulting	020 7269 7183
Oliver Winters

 

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