Alexander Mining PLC Grant of Share Options (3440W)
July 31 2018 - 7:08AM
UK Regulatory
TIDMAXM
RNS Number : 3440W
Alexander Mining PLC
31 July 2018
31 July 2018
Alexander Mining plc
("Alexander" or "the Company")
Grant of Share Options
The Board of Alexander announces that it has approved the grant
of 4,000,000 new share options ("New Share Options") at an exercise
price of 0.15 pence ("Exercise Price") to an important consultant
to the Company.
The Exercise Price of the New Share Options represents a 20 per
cent. premium to the closing mid-market 90 day simple moving
average on 30 July 2018, being the final business day prior to the
Board approval. The New Share Options will vest from the date of
the grant (being 31 July 2018) and will expire on 28 July 2026.
As a result of the above grant, the Company has the following
options in place for directors, employees and consultants.
Number of options Exercise price
98,000,000 0.15p per share
----------------
43,300,000 0.22p per share
----------------
12,900,000 4.92p per share
----------------
ENDS
Enquiries
Martin Rosser
Chief Executive
Mobile: +44 (0) 7770 865 341
Alexander Mining plc
Tel: +44 (0) 20 7078 9566
Email: mail@alexandermining.com
Website: www.alexandermining.com
Northland Capital Partners Limited
Matthew Johnson / Dugald J Carlean
(Corporate Finance)
Isabella Pierre (Corporate Broking)
Tel: +44 (0) 20 3861 6625
Turner Pope Investments (TPI) Ltd
Andy Thacker
Tel: +44 (0) 20 3621 4120
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END
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