SolGold plc: Grant of Share Options
LONDON, UNITED KINGDOM--(Marketwired - Aug 9, 2017) - SolGold plc (TSX: SOLG)
TSX: SOLG
9 August 2017
SolGold plc
("SolGold" or the "Company")
Grant of Share Options
The Board of SolGold plc (SolGold or the Company) wishes to advise of the grant of a combined total of 46,762,000 unlisted share options over ordinary shares of the Company, including:
i. 36,750,000 share options to Directors (or their nominees) following approval granted by shareholders at the Company's AGM on 28 July 2017;
ii. 10,000,000 share options to its two key geologists; and
iii. 12,000 share options to a third party as part of the capital raising fees for the Company's last equity placement.
All of the share options have a strike price of 60 pence, and expire on 8 August 2020. The share options for Directors and the geological executives have a vesting period of 18 months unless triggered by a change of control transaction.
Following the allotment of these share options, the Company has on issue a total of 1,515,555,686 fully-paid ordinary shares, 31,795,884 share options exercisable at 28p; 9,795,884 share options exercisable at 14p and 46,762,000 share options exercisable at 60p.
CONTACTS
| Mr Nicholas Mather | Tel: +61 (0) 7 3303 0665 | |
| SolGold plc (Executive Director) | +61 (0) 417 880 448 | |
| nmather@solgold.com.au | ||
| Mr Karl Schlobohm | Tel: +61 (0) 7 3303 0661 | |
| SolGold plc (Company Secretary) | ||
| kschlobohm@solgold.com.au | ||
| Mr Ewan Leggat / Mr Richard Morrison | Tel: +44 (0) 20 3470 0470 | |
| SP Angel Corporate Finance LLP (NOMAD and Broker) | ||
| ewan.leggat@spangel.co.uk |
Follow us on twitter @SolGold_plc
Market Abuse Regulation (MAR) Disclosure
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
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Contact
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