Information  X 
Enter a valid email address

Sierra Rutile Ltd (SRX)

  Print      Mail a friend

Tuesday 13 December, 2011

Sierra Rutile Ltd

Grant of Share Options

RNS Number : 8325T
Sierra Rutile Limited
13 December 2011
 

 

 

Sierra Rutile Limited

 

Grant of Share Options

 

 

13 December 2011: The Board of Sierra Rutile Limited ("SRL") announces that on 12 December 2011 it made its annual 2012 grant of options over 17,225,000 common shares of nil par value in SRL to  senior management employees and directors of SRL.

 

The options were granted pursuant to SRL's Share Option Plan, and are exercisable at 30.9p per share from the date of vesting. The options will vest quarterly in four equal portions, on 31 March 2012, 30 June 2012, 30 September 2012 and 31 December 2012, subject to continued employment with SRL. The options will expire on the third anniversary of grant.

 

Options granted were as follows:

 


Options Granted

Total Options Held




Executive Director



John Sisay

2,400,000

7,130,000




Non-Executive Directors



Jan Castro, Chairman

1,500,000

1,875,000

Alex Kamara

1,000,000

2,000,000

François Colette

1,000,000

1,000,000

Mike Brown

1,000,000

1,250,000

Mike Barton

1,000,000

1,250,000

Charles Entrekin

1,000,000

2,000,000




Senior management

8,325,000

10,385,000

 

Including the options as detailed above, the total number of outstanding vested and unvested options as of 13 December 2012 is 26,890,000.

 

ENDS

 

 



 

For further information:

 

Sierra Rutile Limited                               www.sierra-rutile.com

John Sisay, Chief Executive Officer          Telephone: +44 (0) 20 7321 0000

 

Collins Stewart Europe Limited

John Prior/Adam Miller                           Telephone: +44 (0) 20 7523 8350

 

Aura Financial

Andy Mills/Harry Cameron                      Telephone: +44 (0) 20 7321 0000

 


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