ECR Minerals plc Grant of Options
December 31 2014 - 6:14AM
UK Regulatory
TIDMECR
ECR MINERALS plc
("ECR Minerals", "ECR" or the "Company")
AIM: ECR
US OTC: MTGDY
GRANT OF OPTIONS
LONDON: 31 DECEMBER 2014 - ECR Minerals plc announces the grant
of 208,940,427 share options (the "Options") to directors, staff
and consultants. The Options have been granted under the Company's
unapproved share option plan (the "Option Plan").
Each Option is exercisable to acquire one ordinary share of the
Company at a price of GBP0.00275 (0.275 pence) per share. The
Options will remain valid, subject to the rules of the Option Plan,
until the fifth anniversary of the date of grant. The Options will
vest immediately.
The exercise price of the Options equates to a premium of
approximately 45% to the closing mid-market price of the Company's
shares on AIM on 30 December 2014.
Options have been granted to directors of the Company as
follows:
Director Number of Number of Total number of % of current
options options options held issued
held granted ordinary
prior to share capital
this
grant
Stephen Clayson 58,945,872 71,055,089 130,000,961 3.71%
Paul Johnson 27,522,936 35,527,545 63,050,481 1.80%
Richard Watts 19,816,514 25,579,832 45,396,346 1.30%
Paul Johnson, Non-Executive Chairman of ECR, commented:
"The ECR team in the UK, Argentina and the Philippines continue
to work in a smart, efficient and results oriented manner to drive
the business forward and build value for our shareholders. It is
crucial that this high level of commitment is maintained and that
the interests of directors, staff and key consultants remain
aligned with those of shareholders. Incentive share options are an
important means of achieving this."
FOR FURTHER INFORMATION PLEASE CONTACT:
ECR Minerals Tel: +44 (0)20 7929 1010
plc
Paul Johnson, Non-Executive
Chairman
Stephen Clayson,
Director & CEO
Richard (Dick) Watts,
Technical Director
Email:
info@ecrminerals.com
Website:
www.ecrminerals.com
Cairn Financial Tel: +44 (0)207 148 7900
Advisers LLP
Nominated
Adviser
Jo Turner/Liam
Murray
Daniel Stewart Tel: +44 (0)20 7776 6550
& Company plc
Broker
Colin
Rowbury
This information is provided by Business Wire
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