African Eagle Resources plc: Grant of share options
10.10.2011 | Globenewswire Europe
10 October, 2011 - African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE, AltX: AEA) today announces that it has granted 3,000,000 share options on 5 October, 2011 at an exercise price of 10p to directors under the Company's share option schemes. The exercise price is 74% above the closing price of the Company's shares on 4 October, 2011. The share options will become exercisable after 5 October, 2012 and will expire on 5 October, 2016.The grant to directors included:
Director |Position |New Options issued|Total options held
| | |
Mark Parker Managing Director 1,088,328 3,676,328
Christopher Davies Operations Director 1,012,618 3,504,618
Euan Worthington Non-executive 567,824 2,205,824
Chairman
Geoffrey Cooper Non-executive 331,230 1,637,230
Director
Under the rules of the share option schemes, the options may not normally be exercised before the first anniversary of the date of grant and may not in any event be exercised later than the fifth anniversary of the date of grant. A total of 27,578,000 share options are outstanding which is equivalent to 6.73% of the Company's shares in issue.
For further information please see the Company's web site at www.africaneagle.co.uk or contact one of the following:
African Eagle Resources plc
Mark Parker (Managing Director)
Euan Worthington (Chairman)
Sandra Spencer (PR Consultant)
+44 20 7248 6059
+44 77 5640 6899
+44 75 1535 7790
Canaccord Genuity Limited
Andrew Chubb
Bhavesh Patel
+44 20 7050 6500
Ocean Equities Limited
Guy Wilkes
+44 20 7786 4370
Russell & Associates, Johannesburg
Charmane Russell
Marion Brower
+27 11 8803924
+27 82 8928052
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Source: African Eagle Resources PLC via Thomson Reuters ONE
[HUG#1553579]
Unternehmen: African Eagle Resources PLC - ISIN: GB0003394813