Grant of Options

RNS Number : 5362A

Niger Uranium Limited

09 October 2009

 

For immediate release

9 October 2009

Niger Uranium Limited

("Niger Uranium" or "the Company")

Grant of Options

The Company announces that on the recommendation of the Company's Remuneration Committee, the Company has granted options over 2,610,000 ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares") to directors of the Company at an exercise price of 34.5 pence per Ordinary share. The closing mid-market price on 8 October 2008 was 34.5 pence. The directors to whom options have been granted are as follows:

• An option over 500,000 Ordinary Shares to David Weill, Non-Executive Chairman (total 500,000 Ordinary Shares under option following this grant); 

• An option over 400,000 Ordinary Shares to John (Ian) Stalker, Acting Chief Executive (total 2,980,000 Ordinary shares under option following this grant); 

• An option over 400,000 Ordinary Shares to Gordon Cassidy, Finance Director (total 1,400,000 Ordinary Shares under option following this grant);

• An option over 250,000 Ordinary Shares to John Lynch, Non-Executive Director (total 400,000 Ordinary Shares under option following this grant); and

• An option over 250,000 Ordinary Shares to Raphael Danon, Non-Executive Director (total 250,000 Ordinary Shares under option following this grant);

In addition, options over a further 810,000 Ordinary Shares have been granted to management, employees and consultants of the Company at an exercise price of 34.5 pence per Ordinary Share. The options granted above will vest to each option holder in three equal annual installments commencing on the date of grant and will expire unless exercised on or before 9 October 2019.

For further information:

Niger Uranium Limited Ian Stalker, Acting Chief Executive	Tel: + 27 82 404 3637 Tel: [phone]
Beaumont Cornish Limited Roland Cornish / Michael Cornish	Tel: [phone]
Financial Dynamics Ben Brewerton Edward Westropp	Tel [phone]

ENDS

 

END

 

 

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