08:00 Thu 23 Jun 2016
Landore Resources Ld - Award of Share Options
("
Award of Share Options
The exercise price of the New Share Options is
Details of the New Share Options awarded are set out below:
|
No. of New Share Options |
Exercise price (p) |
Date of expiry |
|
7,000,000 |
1.80 |
|
|
6,000,000 |
1.80 |
|
|
6,000,000 |
1.80 |
|
|
500,000 |
1.80 |
|
|
500,000 |
1.80 |
|
Others |
750,000 |
1.80 |
|
The New Share Options are partial compensation for the Directors and senior management whose remuneration was significantly reduced in order to secure the Company's ability to survive in very challenging market conditions and whose loyalty was justified by the significant gold discovery at
Commenting on today's announcement,
"For the past two years the Directors, Management and staff have all contributed over and above normal expectations to ensure the Company's survival and continued progress in the difficult times experienced throughout the mining industry. The award of the New Share Options is recognition of their significant commitment and perseverance which resulted in the recently announced gold discovery at
Following the award of the New Share Options, there are currently 65,850,000 options over Ordinary Shares ("Share Options"). A summary of the Share Options held by the Directors and management are set out below:
|
No. of Share Options granted |
Date Share Options awarded |
Date Share Options expire |
Exercise price (p) |
|
1,000,000 |
|
|
14.0 |
|
4,000,000 |
|
|
16.1 |
|
1,000,000 |
|
|
7.9 |
|
1,500,000 |
|
|
7.4 |
|
4,500,000 |
|
|
5.0 |
|
5,000,000 |
|
|
2.5 |
|
4,500,000 |
|
|
3.5 |
|
7,000,000 |
|
|
1.8 |
|
|
|
|
|
|
2,500,000 |
|
|
16.1 |
|
1,000,000 |
|
|
7.9 |
|
1,500,000 |
|
|
7.4 |
|
2,000,000 |
|
|
5.0 |
|
3,000,000 |
|
|
2.5 |
|
2,500,000 |
|
|
3.5 |
|
6,000,000 |
|
|
1.8 |
|
|
|
|
|
|
400,000 |
|
|
16.1 |
|
500,000 |
|
|
7.9 |
|
500,000 |
|
|
6.5 |
|
400,000 |
|
|
7.4 |
|
1,000,000 |
|
|
2.5 |
|
500,000 |
|
|
2.2 |
|
1,500,000 |
|
|
3.5 |
|
6,000,000 |
|
|
1.8 |
|
|
|
|
|
|
250,000 |
|
|
16.1 |
|
250,000 |
|
|
7.4 |
|
500,000 |
|
|
5.0 |
|
250,000 |
|
|
2.5 |
|
250,000 |
|
|
3.5 |
|
500,000 |
|
|
1.8 |
|
|
|
|
|
|
250,000 |
|
|
16.1 |
|
250,000 |
|
|
7.4 |
|
250,000 |
|
|
2.5 |
|
250,000 |
|
|
3.5 |
|
500,000 |
|
|
1.8 |
**ENDS**
Enquiries:
M: +44(0)7734 681262
M: +44(0)7775 651421
Nominated Adviser and Broker
Tel: +44(0)20 7409 3494
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