Information  X 
Enter a valid email address

Paladin Resources (PLR)

  Print      Mail a friend       Annual reports

Thursday 04 July, 2002

Paladin Resources

Directors' Interest in Shares

Paladin Resources PLC
4 July 2002

                             PALADIN RESOURCES plc

                          ("Paladin" or the "Company")



Directors' Interests in Shares



Under the terms of the Company's Long Term Incentive Plan 1997 ("LTIP 1997"),
and as a result of the fulfilment of a three year service condition from 3
September 1997, the following Directors have today been allotted ordinary shares
of 10 pence each at nil consideration:


Name of Director                      No. of Shares
P Davison                             250,000
R A Franklin                          500,000
C J McDowell                          250,000



In order to meet the directors' income tax liabilities due in respect of the
receipt of the shares, they have today sold 400,000 shares (40% of their total
allotment) at 60 pence per share. The number of shares sold by each Director was
as follows:


Name of Director                      No. of Shares
P Davison                             100,000
R A Franklin                          200,000
C J McDowell                          100,000



The Directors are retaining the balance of the shares allotted to them and the
resulting total number of shares in Paladin held by each Director is now as
follows:


Name of Director              No. of Shares          % of issued share capital
P Davison                     309,246                 0.12
R A Franklin                  610,000                 0.24
C J McDowell                  309,000                 0.12



The Ogier Employee Benefit Trustee Limited, as trustee of The Paladin Resources
plc Employee Share Trust ("the Trust"), has today purchased 400,000 ordinary
shares of 10 pence each at a price of 60 pence per share.    The shares are
being held in the Trust in connection with conditional awards made to senior
employees under the Company's Long Term Incentive Plan 2000.



                                                                   4th July 2002


Enquiries:

Paladin Resources plc                                Tel: 020 7534 2900
Roy A Franklin, Chief Executive
Sally Powell, Company Secretary

College Hill                                         Tel: 020 7457 2020
James Henderson




                      This information is provided by RNS
            The company news service from the London Stock Exchange