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Patagonia Gold PLC
("Patagonia Gold" or "the Company")
Grant of Options
On 9 January 2013, the Board agreed to grant options over 14,500,000 ordinary shares of 1p each ("Options") to certain Directors under the Company's share option arrangements as follows.
|
Name |
Existing options |
New Issue |
Total options over ordinary shares |
|
Carlos Miguens |
10,500,000 |
9,000,000 |
19,500,000 |
|
William Humphries |
10,500,000 |
3,000,000 |
13,500,000 |
|
Sir John Craven |
2,000,000 |
1,500,000 |
3,500,000 |
|
Gonzalo Tanoira |
4,000,000 |
1,000,000 |
5,000,000 |
The Options are exercisable (in whole or in part) at any time up to the tenth anniversary of the date of grant and are exercisable at a price of 22.75p per ordinary share. The grant of the Options was recommended by the Company's Remuneration Committee at a meeting held on 18th October 2012, however they were unable to be granted until the Company's share authorities were renewed at the general meeting of the Company held on 8 January 2012. Vesting of the Options is subject to performance criteria linked to the achievement of certain operational targets by the Company.
Enquiries:
|
Bill Humphries/Nigel Everest |
Philip Yee, CFO |
|
Patagonia Gold Plc |
Patagonia Gold Plc |
|
Tel: +44 (0) 20 7409 7444 |
Tel: +1 (416) 572 2007 |
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|
Rory Scott |
David Bick/Mark Longson |
|
Mirabaud Securities LLP |
Square 1 Consulting |
|
Tel: +44 (0) 20 7878 3360 |
Tel:+44 (0) 20 7929 5599 |
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|
Angela Hallett/James Spinney |
Colin Languedoc |
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Strand Hanson Limited |
Barnes Communications Inc. |
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Tel: +44 (0) 20 7409 3494 |
Tel: +1 (416) 367 5000 |
This information is provided by RNS
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