Information  X 
Enter a valid email address

Avocet Mining PLC (AVM)

  Print   

Thursday 18 March, 2010

Avocet Mining PLC

Director/PDMR Shareholding

RNS Number : 7589I
Avocet Mining PLC
18 March 2010
 



 

Avocet Mining PLC ("Avocet" or "the Company")

 

Directors' Dealings - Issue of Options

 

Issue of Share Options

 

The Board of Avocet announces that the Company has granted options of 1,600,000 ordinary shares of 5p each in the Company to executive directors, management and employees.  The exercise price for these options is 105p and they cannot be exercised prior to the third anniversary of the date of issue, 18 March 2013. Exercise is subject to certain performance criteria of the Company as detailed in the Avocet Mining Share Option Plan.  The options have an expiry date of 18 March 2017.

 

Jonathan Henry, the Company's Chief Executive Officer, was granted 250,000 options and holds the following options:

 

Number of options

Exercise price

Date from which exercisable

 

Expiry date





110,000

72p

27/11/2006

27/11/2010

263,415

82p

14/7/2008

14/7/2012

36,585

82p

14/7/2008

14/7/2010

450,000

81p

25/6/2012

25/6/2016

500,000

103.25p

15/11/2009

15/11/2013

200,000

153.75p

9/7/2011

9/7/2015

250,000

105p

18/3/2013

18/3/2017

 

Mike Norris, the Company's Finance Director, was granted 250,000 options and holds the following options:

 

Number of options

Exercise price

Date from which exercisable

Expiry date

500,000

103.25p

15/11/2009

15/11/2013

19,512

153.75p

9/7/2011

9/7/2013

130,488

153.75p

9/7/2011

9/7/2015

250,000

81p

25/6/2012

25/6/2016

250,000

105p

18/3/2013

18/3/2017

 

Contacts:

 

James Wynn, Company Secretary, Avocet Mining PLC, 020 7766 7684

 

Richard Brown, Richard Greenfield, Ambrian Partners Limited, 020 7634 4700


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

a d v e r t i s e m e n t