Business
Grant Of Options
Grant Of Options.
About this update from Nativo Resources Plc
[{"type":"text","content":"\n RNS Number : 6461Z Independent Resources PLC 18 January 2011 \n\n \n \n \n \nIndependent Resources plc \n(\"IRG\" or \"the Company\")\n \nGRANT OF OPTIONS\n \n \nIndependent Resources plc (IRG:L) announces that is has granted the following options to certain directors of the Company as follows:\n \n\n\n\n\nDirector\n\n\nNo. of options\n\n\n\n\n\n\n\n\n\n\n\n\nGrayson Nash\n\n\n945,000\n\n\n\n\nRoberto Bencini\n\n\n945,000\n\n\n\n\nTimothy James\n\n\n285,000\n\n\n\n\n \nAll of the above options are exercisable at 43p per share and are subject to the following vesting criteria:\n \n· one third of the options vests if the average closing daily share price over the period 5 October 2011 to 4 October 2012 equals or exceeds 47.3p;\n \n· another third vests if the average closing daily share price over the period 5 October 2012 to 4 October 2013 equals or exceeds 52.03p; and\n \n· the final third vests if the average closing daily share price over the period 5 October 2013 to 4 October 2014 equals or exceeds 57.2p (one third of total shares).\n \nThese are the only outstanding options issued by the Company to the executive directors.\n \n\n\n\n\nFor further information, please visit www.ir-plc.com or contact:\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGrayson Nash\n\n\nIndependent Resources plc\n\n\n+39 06 4549 0720\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSimon Hudson \n\n\nTavistock Communications\n\n\n020 7920 3150\n\n\n\n\nLydia Eades \n\n\n\n\n\n020 7920 3150\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nJonathan Wright/ Stewart Dickson (Corporate Finance)\n\n\nSeymour Pierce Limited\n\n\n020 7107 8000\n\n\n\n\nRichard Redmayne/David Banks (Corporate Broking)\n\n\n\n\n\n\n\n\n\n\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END RDSGCGDBSXBBGBI \n ","length":6958,"tagName":"div"}]