Issue of options
09 November 2010 - 4:39AM
UK Regulatory
TIDMHMB
Hambledon Mining Plc
("Hambledon" or the "Company")
Grant of Share Options
Hambledon announces that it granted options over a total of
3,000,000 ordinary shares of 0.1 pence each in the Company
("Ordinary Shares") to Tim Daffern, Chief Executive Officer on 5
November 2010. The options are exercisable at a price of 5.625
pence per Ordinary Share, being the mid-market closing price on 4
November 2010. These options have been issued under the
Company's existing unapproved employee share option scheme.
1,000,000 options shall vest on 5 November 2012 and shall be
exercisable for a period of two years from the date of vesting. The
remaining 2,000,000 options shall only vest after 5 November 2012,
subject to certain performance criteria being fulfilled and the
Company not being in a close period (as defined by the AIM Rules
for Companies) at that time. The 2,000,000 options subject to
performance criteria shall be exercisable for a period of two years
from the date of vesting.
The total number of Ordinary Shares under option is now
15,300,000, being approximately 2.9 per cent. of the issued share
capital of the Company as it would be following the exercise of all
share options.
Enquiries:
Hambledon Mining:
Telephone +44 (0)20 7233 1462
Charles Zorab
Fairfax I.S. PLC:
Telephone +44 (0)207 598 5368
Nominated Adviser and Broker
Ewan Leggat / Laura Littley
Altyngold (LSE:ALTN)
Historical Stock Chart
From Aug 2024 to Sep 2024
Altyngold (LSE:ALTN)
Historical Stock Chart
From Sep 2023 to Sep 2024