Capital Structure
01 July 2009 - 5:03PM
UK Regulatory
TIDMFND
AIM Release
1 July 2009
Capital Structure following Grant of Options to Employees and a
Consultant
A total of 1,375,000 options has been granted by Finders Resources
Limited (Company) for no consideration to employees and a consultant.
The granting of these options was made in accordance with the Finders
Resources Limited Employee Incentive Option Scheme (875,000 options)
and under a consultancy agreement (500,000 options).
Following is a summary of the option terms:
Number Expiry Exercise Vesting
Date period conditions
250,000 23 Jun 14 Vesting date to Vest when Full Scale
Expiry Date Wetar Copper Project
reaches 75% of
nameplate design
capacity
125,000 28 Jun 14 Vesting date to Vest on Grant Date
Expiry Date
500,000 28 Jun 14 Vesting date to Vest when Full Scale
Expiry Date Wetar Copper Project
reaches 75% of
nameplate design
capacity
500,000 Earlier of expiry of Not earlier than
a consultancy 180 days after a
agreement and 29 Jun drawdown date and
14 prior to 29 Jun
14
Each option provides the right to acquire one ordinary fully paid
share for a cash exercise price of AUD 37 cents.
The capital structure of Finders Resources Ltd ("Finders", AIM & ASX
ticker FND) is as follows:
+------------------------------------------------------------------------------+
| |Exercise | Expiry Date | Number | Number |Number now on|
| | Price | |previously on| Issued | Issue |
| | | | Issue | | |
|-------------+---------+----------------+-------------+---------+-------------|
|Listed Fully | | | | | |
|Paid Ordinary| | | | | |
| Shares | | | 115,548,673| -| 115,548,673|
|-------------+---------+----------------+-------------+---------+-------------|
| Unlisted |AUD 68.75| | | | |
| Options | cents | 13 June 2010 | 500,000| -| 500,000|
|-------------+---------+----------------+-------------+---------+-------------|
| | AUD 30 | | | | |
| | cents | 16 April 2012 | 500,000| -| 500,000|
|-------------+---------+----------------+-------------+---------+-------------|
| | AUD 30 | | | | |
| | cents | 16 April 2014 | 500,000| -| 500,000|
|-------------+---------+----------------+-------------+---------+-------------|
| | AUD 30 | | | | |
| | cents | 8 May 2014 | 2,000,000| -| 2,000,000|
|-------------+---------+----------------+-------------+---------+-------------|
| | AUD 37 | | | | |
| | cents | 23 June 2009 | -| 250,000| 250,000|
|-------------+---------+----------------+-------------+---------+-------------|
| | AUD 37 | | | | |
| | cents | 28 June 2009 | -| 625,000| 625,000|
|-------------+---------+----------------+-------------+---------+-------------|
| | | Earlier of | | | |
| | | expiry of a | | | |
| | | consultancy | | | |
| | AUD 37 |agreement and 29| | | |
| | cents | Jun 14 | -| 500,000| 500,000|
|-------------+---------+----------------+-------------+---------+-------------|
| | | | 3,500,000|1,375,000| 4,875,000|
|-------------+---------+----------------+-------------+---------+-------------|
| | | | Value| | |
| | | |previously on| Value| Value now on|
| | | | issue| issued| issue|
|-------------+---------+----------------+-------------+---------+-------------|
| Unlisted | | | | | |
| Convertible | | | | | |
| Notes | | | AUD| AUD| AUD|
|-------------+---------+----------------+-------------+---------+-------------|
| | AUD 37 | | | | |
| | cents |19 January 2012 | 2,323,972| -| 2,323,972|
+------------------------------------------------------------------------------+
For further information please contact
Finders Resources Ltd:
Russell Non-Executive Chairman +61 2 9211 8299
Fountain
Chris Farmer Managing Director info@findersresources.com
Financial PR:
Doug Macdonald Capital Group (in +61 424 255 959
Australia)
Nick Elwes College Hill (in the UK) +44 20 7457 2020
RFC Corporate Finance Ltd - Nomad:
Rob Adamson Managing Director +61 2 9250 0000
Stuart Laing Executive Director +61 8 9480 2500
FinnCap - Finders' Broker for the AIM market:
Mathew Robinson Corporate Finance Director +44 20 7600 1658
Joe Lunn Analyst +44 20 7600 1658
=--END OF MESSAGE---
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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