Business
GRANT OF OPTIONS
GRANT OF OPTIONS.
About this update from Aminex Plc
[{"type":"text","content":"\n \nRNS Number : 8177X Aminex PLC 10 May 2016 \n\n \nAminex plc\n(\"Aminex\" or \"the Company\")\n \nGRANT OF OPTIONS\n \nAminex PLC has granted 139.25 million options dated 9 May 2016 to its Directors and staff. The total number of options now in issue is 156.775 million, representing approximately 8.7% of the Company's issued share capital. \n \nThe option price is Sterling 1.34 pence, calculated in accordance with the rules of the Aminex PLC Executive Share Option Scheme as approved by shareholders, using the average closing quotation per share on each dealing day during the previous fourteen dealing days. The options are exercisable immediately and the option life is for three years. This is the first award of options that the Company has made since 2010. Outstanding options are exercisable at prices between 8.5 pence and 22.0 pence and had an original life of 10 years.\n \n\n\n\n\nFor further information:\n \n\n\n\n\n\n\n\nAminex PLC\n\n\n+44 20 7291 3100\n\n\n\n\nJay Bhattacherjee, Chief Executive Officer\n\n\n\n\n\n\n\nMax Williams, Chief Financial Officer\n\n\n\n\n\n\n\n \nCorporate Brokers\n\n\n\n\n\n\n\nShore Capital Stockbrokers, Jerry Keen\n\n\n+44 20 7408 4090\n\n\n\n\nDavy, Brian Garrahy\n\n\n+353 1 679 6363\n\n\n\n\n \nCamarco\n\n\n \n+44 20 3757 4980\n\n\n\n\nBilly Clegg\nGordon Poole\n\n\n\n\n\n\n\n \nNotes to editors\n \nAminex PLC is a gas and oil production, development and exploration company which is premium listed on the London Stock Exchange and primary-listed on the Irish Stock Exchange. Aminex is run by an established management team which is aligned with shareholders through its 11.5% equity stake. The Company's focus is its three licences in Tanzania, where it was one of the first independent oil companies to enter the country in 2002:\n \nKiliwani North Development Licence (54.575%) Operator\nThe Kiliwani North Field has been independently ascribed with 28 BCF gross contingent (2C) resource and will produce dry clean gas under high natural pressure (1,600 psi) from the high quality Neocomian late Cretaceous reservoir. The Kiliwani North -1 well tested at 40 mmcfd. The gas wil...