Company Share Option Plan

RNS Number : 3039M

Anglo Pacific Group PLC

21 May 2010

 

News Release

21st May 2010

Anglo Pacific Group PLC

Company Share Option Plan

Anglo Pacific Group plc ("the Company", "Anglo Pacific") announces that, on 20^th May 2010 it granted to employees and executive Directors a total of 60,120 options to buy ordinary shares in the Company at an exercise price of 249.5p per share under the Anglo Pacific Group Company Share Option Plan ("CSOP").

At the Annual General Meeting of Anglo Pacific on 21^st April 2010 shareholders approved resolution No. 11, establishing the CSOP, the main features of which were summarised in Appendix 1 of the Notice to the Meeting. The Company received approval for the CSOP from HM Revenue and Customs on 13^th May 2010.

On 20^th May 2010, following that approval and under the CSOP rules, three executive Directors, Chris Orchard, Matthew Tack and John Theobald were each granted 12,024 share options at an exercise price of 249.5p per share. Under the CSOP rules the minimum option exercise period is three years. These are the only existing share options that have been granted to Directors of the Company.

For further information:

Anglo Pacific Group PLC                                                                          [phone]

Peter Boycott, Chairman

Matthew Tack, Finance Director

Liberum Capital                                                                                         [phone]

Chris Bowman

Ellen Francis

Scott Harris                                                                                               [phone]

Stephen Scott

James O'Shaughnessy

Website:                                                                                            www.anglopacificgroup.com

 

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