Grant of options

RNS Number : 8185Z
Landore Resources Limited
21 March 2012
 



 

Landore Resources Limited

("Landore" or "the Company")

Grant of options

 

 

On 20 March 2012 the Company's Remuneration Committee recommended the grant of options over 3,500,000 ordinary shares of 1p each (each an "Ordinary Share") to Directors and certain employees under stand alone option deeds. These were then approved by the board on the same date.

 

The following option grants to Directors were made:

 

Director

Options granted

Options held following this notification

William Humphries

1,000,000

14,000,000

Richard Prickett

1,000,000

8,500,000

 

The options are exercisable (in whole or in part) at any time up to the fifth anniversary of the date of grant and are exercisable at a price of 7.875p per Ordinary Share.

 

 

Enquiries:

Bill Humphries/Richard Prickett

Landore Resources Limited

Tel: +44(0)20 7409 7444

 

Simon Raggett / Angela Peace

Strand Hanson Limited

Tel: +44(0)20 7409 3494

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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