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Stratmin Global Res (STGR)

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Tuesday 20 March, 2012

Stratmin Global Res

Grant of Options

RNS Number : 7283Z
Stratmin Global Resources PLC
20 March 2012
 



 

 

 

Stratmin Global Resources plc

 

("Stratmin" or the "Company")

 

Grant of Options

 

 

The Board of Stratmin announces that it has adopted a new share option scheme on 2 March 2012 ("Option Scheme").  The Option Scheme provides for the issue of options at a fixed price to employees and directors of the Company up to a maximum of 20% of the share capital of the Company immediately before the grant of the option. 

 

On 2 March 2012, the Company agreed to grant options equally to Gobind Sahney and Jeff Marvin, both directors of Company, over a total of 9,580,806 ordinary shares in the Company representing 15% of the issued share capital of the Company.  The options have been granted with an exercise price of 2.25p, being the market share price of the ordinary shares on 5 March 2012, being the first dealing day following the date of grant, and are exercisable at any time within ten years from the date of the grant.  Therefore, following the grant of the options, Mr Sahney and Mr Marvin both hold options over 4,790,403 ordinary shares in the Company.

 

The Company's new website can be viewed at the following address, www.stratminglobal.com.

 

 

Enquiries:

 

Stratmin Global Resources plc


Gobind Sahney       

+44 (0) 207 467 1700



Libertas Capital Corporate Finance Limited


Sandy Jamieson                                                                      

+44 (0) 20 569 9650



Rivington Street Corporate Finance


Jon Levinson

+44 (0) 207 562 3357

 


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