Business
Grant and exercise of options
Grant and exercise of options.
About this update from Landore Resources Limited
[{"type":"text","content":"\n \nRNS Number : 0032K Landore Resources Limited 07 July 2011 \n \n\n \nLandore Resources Limited\n(\"Landore\" or \"the Company\")\nGrant and exercise of options\n \n \nOn 5 July 2011 the Company's Remuneration Committee approved the grant of options over 8,600,000 ordinary shares of 1p each (each an \"Ordinary Share\") to Directors and certain employees under stand alone option deeds. \n \nThe following option grants to Directors were made: \n \n\n\n\n\nDirector\n\n\nOptions granted\n\n\nOptions held following this notification\n\n\n\n\nWilliam Humphries\n\n\n4,000,000\n\n\n13,000,000\n\n\n\n\nRichard Prickett\n\n\n2,500,000\n\n\n7,500,000\n\n\n\n\nCharles Wilkinson\n\n\n250,000\n\n\n750,000\n\n\n\n\nHelen Green\n\n\n250,000\n\n\n250,000\n\n\n\n\n \nThe 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 16.12p per Ordinary Share. \n \nAt the meeting it was also resolved that the expiry date of share options over 1,000,000 Ordinary Shares granted to Richard Prickett, which are due to expire on 19 September 2011, be extended for a further two years.\n \nIn addition, following the exercise of share options application will be made for the admission of 500,000 ordinary shares of 1p each in the Company (\"New Ordinary Shares\") to trading on AIM. The New Ordinary Shares will rank pari passu with existing ordinary shares and it is expected that admission will occur at 8.00 a.m. on 13 July 2011.\n \nFollowing admission of the New Ordinary Shares, the total number of voting rights in the Company's ordinary shares will be 263,710,325.\n \n \nEnquiries:\nBill Humphries/Richard Prickett \nLandore Resources Limited\nTel: +44(0)20 7409 7444\n \nSimon Raggett / Angela Peace\nStrand Hanson Limited\nTel: +44(0)20 7409 3494\n \n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCEALXXELNFEFF \n ","length":5061,"tagName":"div"}]