Strategic Minerals Corp NL

Published : April 10th, 2015

Grant of Options

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Grant of Options



10 April 2015

Strategic Minerals plc

("Strategic Minerals" or the "Company")

Grant of Options

Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified commodity producer and project developer, announces that it has today issued 62,000,000 options over the Company's ordinary shares ("Options") under its Enterprise Management Incentive Scheme ("EMI Scheme").

The following Options have been approved by the Board of Strategic Minerals for issuance under the EMI Scheme to certain directors, executives and employees of the Company, exercisable at 1p per share. The Options will vest in two equal tranches upon a volume weighted average price ("VWAP") per ordinary share over five consecutive trading days on AIM of either 1.5 pence or 3 pence, as provided below:

Director

Options Granted

Exercise Price

Vesting Condition

Expiry Date

John Peters, Managing Director

12,000,000

12,000,000

1 pence

1.5 pence VWAP

3.0 pence VWAP

30 June 2018

30 June 2019

Julien McInally, Chief Financial Officer

12,000,000

12,000,000

1 pence

1.5 pence VWAP

3.0 pence VWAP

30 June 2018

30 June 2019

Lyle Hobbs, Non-Executive Director

2,000,000

2,000,000

1 pence

1.5 pence VWAP

3.0 pence VWAP

30 June 2018

30 June 2019

Michael Wong, Non-Executive Director

2,000,000

2,000,000

1 pence

1.5 pence VWAP

3.0 pence VWAP

30 June 2018

30 June 2019

Employees

3,000,000

3,000,000

1 pence

1.5 pence VWAP

3.0 pence VWAP

30 June 2018

30 June 2019

Total

62,000,000




Each Option is exercisable into one ordinary share of 0.1p each in the Company. Once vested, the Options may be exercised at any time up until their expiry date. The Options represent 8.6% of the Company's current issued share capital. Shares issued through the exercise of these Options will have trading restrictions whereby 25% of the Options exercised can be traded immediately after exercise and a further 25% can be traded each three months thereafter until all shares are eligible to be traded.

10,000,000 options previously issued to employees have been cancelled and therefore, following the grant of Options outlined above, there are a total of 70,421,416 share options outstanding over the Company's ordinary shares, representing 9.7 % of the Company's current issued share capital.

For further information, please contact:

Strategic Minerals plc

John Peters

Chairman and CEO

+61 414 727 965

Allenby Capital Limited

Nominated Adviser and broker

Jeremy Porter

James Reeve

+44 20 3328 5656

Tavistock Communications

Financial PR

Jos Simson

Nuala Gallagher

+44 20 7920 3150


This information is provided by RNS
The company news service from the London Stock Exchange
ENDRDSLLFVLSAIILIE
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Strategic Minerals Corp NL

CODE : SMC.AX
ISIN : AU000000SMC6
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Strategic Min is a producing silver and gold company based in Australia.

Strategic Min holds various exploration projects in Canada.

Its main exploration properties are MAGNUM and PIKE PROPERTY in Canada.

Strategic Min is listed in Australia. Its market capitalisation is AU$ 26.5 millions as of today (US$ 16.2 millions, € 14.6 millions).

Its stock quote reached its lowest recent point on May 05, 2016 at AU$ 0.00, and its highest recent level on October 18, 2019 at AU$ 0.53.

Strategic Min has 69 630 000 shares outstanding.

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