Grant of Options

RNS Number : 8789T

Landore Resources Limited

25 November 2013

 



Landore Resources Limited

("Landore" or the "Company")

Grant of Options

Landore announces the issue of options over the Company's ordinary shares (the "Share Options") to certain key employees and directors (the "Grant").

The Board believes that share options, exercisable at an appropriate price, provide an important component in director and employee incentivisation, providing a direct link between the performance of the Company and their total remuneration. The Board acknowledges that it needs to retain its key personnel, whilst conserving the Company's cash resources to invest in operational activities.

The details of the Grant, and previously issued share options, are as follows:

Name	Number of options	Date of grant	Exercise price (p)	Final exercise date
William Humphries	1,000,000	28 October 2009	14.0	28 October 2019
	4,000,000	6 July 2011	16.12	6 July 2016
	1,000,000	20 March 2012	7.88	20 March 2017
	1,500,000	26 September 2012	7.38	26 September 2017
	4,500,000	1 July 2013	5.0	1 July 2018
	5,000,000	25 November 2013	2.5	25 November 2018
Richard Prickett	2,500,000	6 July 2011	16.12	6 July 2016
	1,000,000	20 March 2012	7.88	20 March 2017
	1,500,000	26 September 2012	7.38	26 September 2017
	2,000,000	1 July 2013	5.0	1 July 2018
	3,000,000	25 November 2013	2.5	25 November 2018
Charles Wilkinson	250,000	6 July 2011	16.12	6 July 2016
	250,000	26 September 2012	7.38	26 September 2017
	500,000	1 July 2013	5.0	1 July 2018
	250,000	25 November 2013	2.5	25 November 2018
Helen Green	250,000	6 July 2011	16.12	6 July 2016
	250,000	26 September 2012	7.38	26 September 2017
	250,000	25 November 2013	2.5	25 November 2018

Further, as part of the Grant, 1,700,000 options were issued to key employees of the Company.

Enquiries:

Bill Humphries / Richard Prickett

Landore Resources Limited

Tel: [phone]

Tel: [phone]

Angela Hallett/James Spinney

Strand Hanson Limited

Tel: [phone]

 

END

 

 

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