Business
Grant of options
Grant of options.
About this update from Primorus Investments Plc
[{"type":"text","content":"\n \nRNS Number : 0693T Stellar Resources PLC 14 November 2013 \n \n\nFor Immediate Release \n14 November 2013\n \nStellar Resources plc\n(the \"Company\")\nGrant of Options\nThe Company announces that on 14 November 2013 it granted options to the following Directors to subscribe for a total of 26 million new ordinary shares at an exercise price of 0.4p expiring ten years from the date of grant:\n\n\n\n\nDavid Lenigas \n\n\n10 million\n\n\n\n\nDonald Strang \n\n\n10 million\n\n\n\n\nEdward McDermott\n\n\n6 million\n\n\n\n\nTotal \n\n\n26 million\n\n\n\n\nThe options represent approximately 3.97 per cent. of the current issued ordinary share capital of the Company. The exercise price of 0.4p per share is the same as the placing price of the Company's last fundraising as announced on 29 October 2013.\nThese options, which have been granted following the recommendation of the Remuneration Committee, vest immediately and have been granted to align the interests of Directors with those of shareholders.\nAll previous options issued by the Company to the Directors have been cancelled.\n \nFor further information, contact:\n\n\n\n\nStellar Resources plc\n\n\n\n\n\n\n\nDavid Lenigas\n \n\n\nTel: 020 7440 0640\n \n\n\n\n\nNorthland Capital Partners Limited (Nominated Adviser and Broker)\n\n\n\n\n\n\n\nLuke Cairns / Edward Hutton \n \n\n\nTel: 020 7796 8800\n\n\n\n\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END RDSFFSFLLFDSEFF\n ","length":4064,"tagName":"div"}]