Business
DIRECTORS SHARE TRANSACTIONS AND AWARD OF OPTIONS
DIRECTORS SHARE TRANSACTIONS AND AWARD OF OPTIONS.
About this update from Serabi Gold Plc
[{"type":"text","content":"\n \n\n\n\n\nPRESS RELEASE\n\n3 December 2007\n\nSERABI MINING plc (\"Serabi\" or \"the Company\")\n\nDIRECTORS SHARE TRANSACTIONS AND AWARD OF OPTIONS\n\n\nSerabi has been informed that Michael Hodgson, Chief Executive of\nSerabi has purchased 90,000 ordinary shares of the\ncompany at a price of 28.00 pence per share. As a result of this\ntransaction Mr Hodgson has a beneficial interest in\n90,000 ordinary shares representing 0.06% of the issued capital of\nthe Company.\n\n\nThe Company also advises that pursuant to contractual arrangements\nagreed with Mr Hodgson in respect of his appointment as Chief\nExecutive (as announced on 29 August 2007), he has been awarded\noptions in accordance with the Company's Long Term Incentive Plan\n(the \"Plan\") over 400,000 ordinary shares of 10 pence each,\nexercisable at 36.85 pence. Subject to the conditions set out in the\nPlan these options may be exercised up until 2 December 2017.\n\nEnquiries\n\nSerabi Mining plc\n\nGraham Roberts Tel: 020 7220 9550\nChairman Mobile: 07768 902475\n\nClive Line Tel: 020 7220 9553\nFinance Director Mobile: 07710 151692\n\nE-mail: [email protected]\nWebsite: www.serabimining.com\n\n\nNumis Securities Limited\nJohn Harrison Tel: 020 7260 1000\nJames Black Tel: 020 7260 1000\n\nParkgreen Communications\nSimon Robinson Tel: 020 7851 7480\nBeth Harris Tel: 020 7851 7480\n\nNotes to Editors\n\nThe Tapajos region of northern Brazil encompasses an area of\napproximately 100,000 km², primarily situated in south-west Para\nState. It has a significant history of alluvial gold production with\nestimated gold production of some 30 million ounces having being\nrecovered, primarily from artisanal workings.\n\nPresent in the Tapajos since 1999, Serabi has established the only\n'hard rock' mine in the region to date at its Palito gold mine, which\nproduced 39,197 ounces of gold equivalent in 2006 and achieved\ncommercial production at Palito in October 2006\n\nSerabi has a significant exploration programme focused on the Tapajos\nregion, owns and operates four surface drilling rigs and has its own\nassay laboratory.\n\n---END OF MESSAGE---\n\n\n\n\nhttp://hugin.info/137617/R/1172723/231836.pdf\n\n\n\n\n\n\n \n ","length":2518,"tagName":"div"}]