Option exercise completed
January 11 2008 - 4:18AM
UK Regulatory
RNS Number:5771L
Gippsland Limited
11 January 2008
Gippsland Limited ("Gippsland")
Option exercise completed
Gippsland (ASX, AIM, FRA : GIP) advises that it has completed the issue and
allotment of 33,674,180 shares pursuant to the conversion of listed options
having an exercise price of A$0.09 which expired on 31 December 2007.
The Directors are pleased to note that 77% of the outstanding listed options
were converted raising approximately A$3 million (approximately UK�1.37 million)
for the company.
All Gippsland Directors holding listed options exercised 100% of their
entitlements prior to or on 31 December 2007 as follows:
RJ Telford 6,558,322
JM Chisholm 2,260,000
JD Kenny 2,250,000
RJ (Jack) Telford
Executive Chairman
Gippsland Limited
www.gippslandltd.com
For further information please contact:
Jack Telford
Gippsland Limited
T: +61 (0)8 9340 6000
E: jtelford@gippslandltd.com
--------------------------------
David Newton, Director Corporate Richard Hail, Head of Corporate
Finance Finance
Seymour Pierce Limited Fox-Davies Capital
T: +44 (0)20 7107 8000 T: +44 (0)20 7936 5200
E: davidnewton@seymourpierce.com E: richard.hail@fdcap.com
------------------------------------- ----------------------------
Jane Stacey / Ed Portman Warrick Hazeldine
Investor Relations Investor Relations
T: +44 (0)20 7429 6605 / 6607 T: +61 (0)8 9485 1254
E: jane@conduitpr.com M: +61 (0)417 944 616
------------------------
E: ed@conduitpr.com E: whazeldine@purplecom.com.au
----------------------- ---------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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