Grant of Options (7283Z)
March 20 2012 - 12:01PM
UK Regulatory
TIDMSTGR
RNS Number : 7283Z
Stratmin Global Resources PLC
20 March 2012
Stratmin Global Resources plc
("Stratmin" or the "Company")
Grant of Options
The Board of Stratmin announces that it has adopted a new share
option scheme on 2 March 2012 ("Option Scheme"). The Option Scheme
provides for the issue of options at a fixed price to employees and
directors of the Company up to a maximum of 20% of the share
capital of the Company immediately before the grant of the
option.
On 2 March 2012, the Company agreed to grant options equally to
Gobind Sahney and Jeff Marvin, both directors of Company, over a
total of 9,580,806 ordinary shares in the Company representing 15%
of the issued share capital of the Company. The options have been
granted with an exercise price of 2.25p, being the market share
price of the ordinary shares on 5 March 2012, being the first
dealing day following the date of grant, and are exercisable at any
time within ten years from the date of the grant. Therefore,
following the grant of the options, Mr Sahney and Mr Marvin both
hold options over 4,790,403 ordinary shares in the Company.
The Company's new website can be viewed at the following
address, www.stratminglobal.com.
Enquiries:
Stratmin Global Resources plc
Gobind Sahney +44 (0) 207 467 1700
Libertas Capital Corporate
Finance Limited
Sandy Jamieson +44 (0) 20 569 9650
Rivington Street Corporate
Finance
Jon Levinson +44 (0) 207 562 3357
This information is provided by RNS
The company news service from the London Stock Exchange
END
STREBLFLLXFEBBV
Stratmin Global (LSE:STGR)
Historical Stock Chart
From May 2024 to Jun 2024
Stratmin Global (LSE:STGR)
Historical Stock Chart
From Jun 2023 to Jun 2024