Grant of options

RNS Number : 8185Z

Landore Resources Limited

21 March 2012

 



Landore Resources Limited

("Landore" or "the Company")

Grant of options

On 20 March 2012 the Company's Remuneration Committee recommended the grant of options over 3,500,000 ordinary shares of 1p each (each an "Ordinary Share") to Directors and certain employees under stand alone option deeds. These were then approved by the board on the same date.

The following option grants to Directors were made:

Director	Options granted	Options held following this notification
William Humphries	1,000,000	14,000,000
Richard Prickett	1,000,000	8,500,000

The options are exercisable (in whole or in part) at any time up to the fifth anniversary of the date of grant and are exercisable at a price of 7.875p per Ordinary Share.

Enquiries:

Bill Humphries/Richard Prickett

Landore Resources Limited

Tel: [phone]

Simon Raggett / Angela Peace

Strand Hanson Limited

Tel: [phone]

 

END

 

 

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