Grant of options

RNS Number : 9006H

URU Metals Limited

23 May 2014

 

23 May 2014

URU Metals Limited

("URU Metals" or the "Company")

Grant of options

The Company announces that on 22 May the board of the Company awarded a total of 8,500,000 options to directors and contractors ("Options"). The Options vest immediately, may not be exercised later than 23 May 2017, and are exercisable at 2 pence per share, representing a premium of 6.7 per cent over the closing mid-market price of the Company's ordinary shares on 21 May 2014.

Mr Subotic and Mr Vieira were respectively awarded 3,000,000 and 2,000,000 Options. The total number of options in the Company held by them is now 4,000,000 and 3,000,000 respectively.

Prior to the grant of the Options, there were 7,583,334 options outstanding with exercise prices ranging from 3.375 pence to 7 pence per share. As a result of the award of the Options, the total number of options outstanding is 16,083,334, representing 7.9 per cent. of the Company's issued share capital.

URU Metals Limited David Subotic, Chairman	+ 1 416 892 2870
Northland Capital Partners Limited (Nominated Adviser and Broker) Edward Hutton/Matthew Johnson	+ 44 (0) 207 382 1100
Beaufort Securities Limited (Joint Broker) Andrew Gutmann	+ 44 (0) 207 382 8300
St Brides Media & Finance Ltd Lottie Brocklehurst/Susie Geliher	[phone]

 

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