Grant of share options

 

Anglesey Mining plc announces that options to purchase ordinary shares of 1 pence each in the company were granted to the following directors on 27 March 2009 -

 

Name	No. of new options	Exercise price in pence	Total options held after this grant
John Kearney	200,000	5	5,400,000
Bill Hooley	400,000	5	2,900,000
Ian Cuthbertson	300,000	5	2,400,000
David Lean	200,000	5	700,000
Howard Miller	200,000	5	1,200,000
Roger Turner	200,000	5	1,100,000
Danesh Varma	200,000	5	1,400,000
Totals	1,700,000		15,100,000

 

All of these options are exercisable over the period from 27 March 2010 to 27 March 2019. There is a performance criterion to be met in respect of each of these share options, namely that the company's share price performance from the date of grant must exceed that of the companies in the top quartile of the FTSE 100 index. There was no consideration for the grant of the options.

The share options were granted under the terms of the company's 2004 Unapproved Share Option Scheme which was adopted by shareholders at the company’s annual general meeting held on 20 October 2004. 

For further details:

Bill Hooley, Chief Executive                                    +(44) 1492 541981
Ian Cuthbertson, Finance Director                           +(44) 1248 361333