GEX Glencar

 
TIDMGEX 
 
Glencar Mining plc 
 
                          Directors Dealing 
 
                           14 August 2009 
 
Glencar  Mining  plc  ("Glencar"  or  the  "Company")  announces  the 
exercise on  11 August  2009  by Directors  of 2,250,000  options  on 
Glencar shares at an exercise price of EUR0.075 each, as set out in the 
table below; 
 
 
+----------------------------------------------------------------------------+ 
|           |         |                                |% of Company's       | 
|           |Options  |Resultant Holding of Ordinary   |Enlarged Ordinary    | 
|Director   |Exercised|Shares                          |Share Capital        | 
|-----------+---------+--------------------------------+---------------------| 
|Hugh       |1,000,000|3,975,106                       |1.31%                | 
|McCullough |         |                                |                     | 
|-----------+---------+--------------------------------+---------------------| 
|Kieran     |500,000  |1,501,300                       |0.49%                | 
|Harrington |         |                                |                     | 
|-----------+---------+--------------------------------+---------------------| 
|Sean Finlay|250,000  |778,927                         |0.26%                | 
|-----------+---------+--------------------------------+---------------------| 
|Philip     |250,000  |768,750                         |0.25%                | 
|O'Quigley  |         |                                |                     | 
|-----------+---------+--------------------------------+---------------------| 
|William    |250,000  |2,137,500                       |                0.70%| 
|Cummins    |         |                                |                     | 
+----------------------------------------------------------------------------+ 
 
 
Following the issue of these shares the enlarged issued share capital 
of Glencar is 304,151,764  ordinary shares.         The new  ordinary 
shares will  rank  pari-passu  in  all  respects  with  the  existing 
ordinary shares. 
 
Application will be  made to  the London  Stock Exchange  and to  the 
Irish Stock Exchange for the ordinary shares referred to above to  be 
admitted to trading on  the AIM Market of  the London Stock  Exchange 
("AIM") and  on the  Irish  Enterprise Exchange  of the  Irish  Stock 
Exchange ("IEX"). Dealing is expected to commence in these shares  on 
20 August 2009. 
 
 
Dealing Disclosure Requirements 
The holder of 1% or more of any relevant securities in the Company 
may have disclosure obligations under Rule 8.3 of the Irish Takeover 
Panel Act, 1997, Takeover Rules 2007. 
For further information, please contact: 
 
Glencar Mining plc 
Hugh McCullough, Managing Director 
Tel:         +353 1 661 9974 
e-mail:      info@glencarmining.ie 
 
 
The Directors of Glencar Mining plc accepts responsibility for the 
information contained in this announcement. To the best of their 
knowledge and belief (having taken all reasonable care to ensure that 
such is the case), the information contained in this announcement for 
which they take responsibility is in accordance with the facts and 
does not omit anything likely to affect the import of such 
information. 
Davy Corporate Finance, which is regulated by the Financial 
Regulator, is acting exclusively for Glencar Mining plc and no one 
else in connection with the Offer and will not be responsible to 
anyone other than Glencar Mining plc for providing the protections 
afforded to clients of Davy Corporate Finance nor for providing 
advice in relation to the Offer. 
 
=--END OF MESSAGE--- 
 
 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement. 
 

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