Arian Silver Corp Approval of Share Option Plan and Grant of Share Options
February 06 2017 - 1:00AM
UK Regulatory
TIDMAGQ
ARIAN
SILVER
Trading Symbols
AIM: AGQ
FWB: I3A
6 February 2017
Approval of Share Option Plan and Grant of Share Options
Arian Silver Corporation ("Arian Silver" or the "Company") announces that upon
the recommendation of the Company's Nomination & Remuneration Committee, a
share option plan was adopted on 3 February 2017 (the "Share Option Plan") to
succeed the Company's existing stock option plan (the "Prior Stock Option
Plan"). The Share Option Plan provides for the award of options over the
Company's common shares of no par value ("Common Shares") including
HMRC-approved Enterprise Management Incentive ("EMI") share options.
The implementation of this Share Option Plan is intended to align the interests
of directors and eligible employees with shareholders, and to help attract
talent in the future as the Company progresses the systematic exploration of
its concessions and looks to develop new opportunities for growth.
The Prior Stock Option Plan was approved by the Board in May 2012 over 10% of
the issued share capital at that time. No further grants will be made under the
Prior Stock Option Plan. Under the Share Option Plan, up to 10% of the
Company's issued share capital at any time is reserved for issuance, such limit
taking into account any residual share options subsisting under the previous
stock option plan.
Grant of Share Options
Following the implementation of the Share Option Plan, the Nomination &
Remuneration Committee has approved the discretionary grant of EMI share
options to directors and employees over 6,250,000 Common Shares, exercisable at
a price of GBP0.01 until 2 February 2022 and vesting immediately.
The grant of options includes awards made to the following directors:
Name of Director Number of
options
A. J. Williams 2,500,000
J. T. Williams 2,500,000
Total 5,000,000
Messrs A.J Williams and J.T. Williams have the following interests in Common
Shares:
Director No. Common Shares % of issued
capital
A. J. Williams 1,688,702 0.92%
J. T. Williams 1,500,000 0.82%
Director No. Share Exercise Price Expiry Date
Warrants
A. J. Williams 1,688,702 GBP0.015 27 February 2019
J. T. Williams 1,000,000 GBP0.015 27 February 2019
Following the grant of share options, Messrs A.J Williams and J.T. Williams
have the following interests in share options in the Company:
Director No. Options Exercise Price Expiry Date
A. J. Williams 200,000 GBP0.70 29 May 2018
2,500,000 GBP0.01 2 February 2022
J. T. Williams 200,000 GBP0.70 29 May 2018
2,500,000 GBP0.01 2 February 2022
This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) 596/2014.
For further information please contact:
Arian Silver Corporation Northland Capital Partners Limited
Jim Williams, CEO Gerry Beaney / David Hignell
David Taylor, Company Secretary Tel: +44 (0)203 861 6625
Tel: +44 (0)20 7887 6599
OR OR
Beaufort Securities Limited Yellow Jersey PR Limited
Jon Belliss Charles Goodwin / Dominic Barretto
Tel: +44 (0)20 7382 8300 Tel: +44 (0)7768 537 739
END
(END) Dow Jones Newswires
February 06, 2017 02:00 ET (07:00 GMT)
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