Amendment to Options

RNS Number : 6262T

Rare Earth Minerals PLC

14 December 2012

 



Rare Earth Minerals plc

("REM" or the "Company")

Amendment to Options

The Board has today approved a change in the exercise price relating to 98 million existing options with a current exercise price of 0.5p and a current expiry date of 30 November 2020 and 28 million existing options with a current exercise price of 0.5p and a current expiry date of 28 January 2020. The new amended exercise price will be 0.06p per share (compared to the latest mid market price on AIM of 0.06 p). All the other terms and conditions of these existing share options remain the same as previously announced. The directors hold the following of these amended options: David Lenigas (44 million) and Richard Griffiths (44 million). This represents 4.16% of issued share capital.

For further information please contact:

Rare Earth Minerals plc
David Lenigas	[phone]
Richard Griffiths
WH Ireland Limited
James Joyce	[phone]
James Bavister

 

END

 

 

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