Regulatory Story
Go to market news section View chart   Print
RNS
Patagonia Gold PLC  -  PGD   

Grant of Options

Released 07:00 10-Jan-2013

RNS Number : 2168V
Patagonia Gold PLC
10 January 2013
 



 

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



Rory Scott

David Bick/Mark Longson

Mirabaud Securities LLP

Square 1 Consulting

Tel: +44 (0) 20 7878 3360

Tel:+44 (0) 20 7929 5599



Angela Hallett/James Spinney

Colin Languedoc

Strand Hanson Limited

Barnes Communications Inc.

Tel: +44 (0) 20 7409 3494

Tel: +1 (416) 367 5000

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSLLFITLSIAIIV
Close


London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

 


Grant of Options - RNS