Business
Grant of Warrants
Grant of Warrants.
About this update from Metals Exploration Plc
[{"type":"text","content":"\n Metals Exploration PLC\n08 November 2005\n\n METALS EXPLORATION PLC\n\n GRANT OF WARRANTS\n\n8 November 2005\n\n\nThe Board of Metals Exploration plc announces that on 3 November 2005, it\ngranted warrants to certain directors (and their related parties) and third\nparties to subscribe for up to 5,800,000 ordinary shares. Each warrant entitles\nthe holder to subscribe for one ordinary share of 1 pence each in the capital of\nthe Company.\n\nIn accordance with Rule 17 of the AIM Rules the Company discloses that warrants\nhave been granted to the following directors (and their related parties) on the\nprinciple terms and conditions as set out below:\n\n\nWarrant Holder Exercise Exercise Period Number of Total Number of\n Price Warrants Warrants held by\n Granted Director or Related\n Party post-grant\n\nGary Powell 12p 7 years from date of grant 1,000,000 1,500,000\n 40p 7 years from date of grant 500,000\n\nReef Securities Limited (a 20p 7 years from date of grant 1,000,000 2,500,000\nrelated party to Steven\nSmith) 40p 7 years from date of grant 500,000\n\nPhilip Barnett 20p 7 years from date of grant 500,000 2,000,000\n 40p 7 years from date of grant 500,000\n\n\n\nAdditionally warrants were granted to the following third parties:\nWarrant Holder Exercise Exercise Period Number of Total Number of\n Price Warrants Warrants post-grant\n Granted\n\nEnnismore Consultants 20p 7 years from date of grant 1,000,000 2,500,000\nLimited 40p 7 years from date of grant 500,000\n\nMobfi S.A. 12p 2 years from date of grant 300,000 520,960\n\n\n\nEnquiries:\n\nSteven Smith: Chairman + 44 (0) 7797 721858\nJonathan Anderson: Investor Relations + 44 (0) 7950 410680\nPhilip Hayden-Slater: WH Ireland Limited + 44 (0) 2072 201666\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2823,"tagName":"div"}]