GRANT OF OPTIONS
November 23 2010 - 8:27AM
UK Regulatory
TIDMGGG
GGG Resources plc
(the "Company" or "GGG")
GRANT OF OPTIONS
LONDON 23 November 2010
The Company announces the grant of 7,260,000 options over ordinary shares of 1
pence each to various Directors and consultants.
All of the options granted pursuant to this notification are exercisable at an
exercise price of 20 pence per new ordinary share and are exercisable at any
time up to 23 November 2015.
The exercise price is at a 58% premium to the closing mid market price of
12.625 pence yesterday.
Director Options Granted Options held following this
notification
Peter Ruxton 1,850,000 4,350,000
Jeffrey Malaihollo 1,060,000 5,810,000
Nigel Clark 200,000 2,600,000
Ciceron Angeles 200,000 2,400,000
Paul McGroary 1,300,000 2,900,000
Michael Short 1,600,000 2,900,000
Advisers and 1,050,000
consultants
This option grant represents 2.5% of the Company's current issued share
capital, bringing the total number of options outstanding to 23,960,000 being
8.3% of total shares issued.
Dr. Jeffrey Malaihollo Westhouse Securities Limited (Nominated Adviser)
Tel: 01992 531820 Tim Metcalfe / Martin Davison
www.gggresources.com Tel: 020 7601 6100
Gresham PR Collins Stewart Europe Limited (Broker)
Neil Boom John Prior / Adam Miller
Tel: 07866 805 108 Tel: 020 7523 8350
END
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