Published: 12:30 CET 28-01-2013 /Thomson Reuters /Source: Serabi Gold plc /XLON: SRB /ISIN: GB00B4T0YL77
Serabi Gold plc : Award of Share Options
For immediate release
28 January 2013
SERABI GOLD PLC
("Serabi" or the "Company")
AWARD OF SHARE OPTIONS
The Company announces that on 26 January 2013 the board of directors of Serabi (the "Board") agreed to award in aggregate 13,600,000 new options over ordinary shares to its Executive Directors and non-executive Directors (representing 3.76% of the current issued share capital of 361,268,529 ordinary shares). With the exception of the award to Dr. Jones, the options are exercisable at 6.1 pence which compares to the closing mid-market share price in London of 5.88 pence per ordinary share on 25 January 2013. The options awarded to Dr. Jones have an exercise price of 8.13 pence. The option awards are as follows:
Director |
Number of new options over Ordinary Shares |
Mike Hodgson |
4,200,000 |
Clive Line |
3,700,000 |
T Sean Harvey |
1,900,000 |
Eduardo Rosselot |
1,900,000 |
Dr. Doug Jones |
950,000 |
Melvyn Williams |
950,000 |
|
13,600,000 |
The grant of options has been undertaken as part of the Company's annual review and further reflects, following the successful share placement announced on 17 January 2013, the transition of the company from a gold exploration business to that of a mine developer with first gold production scheduled to commence before the end of the current year.
The options have been granted under the Serabi Mining 2011 Share Option Plan (the "2011 Plan") which the Company adopted on 28 January 2011. The options granted will vest in three equal tranches, with one-third vesting and being exercisable immediately on award, one-third vesting on the first anniversary of the award and the remainder vesting on the second anniversary of the award and the options will lapse three years after the date of the award. The options granted to Dr. Jones will all vest immediately in recognition of the higher exercise price that has been assigned to these options but are otherwise issued on the same terms and conditions.
The Board has made further option awards to other employees of the Company representing a further 1,150,000 new options over ordinary shares with an exercise price of 6.1 pence,, under the 2011 Plan and on the same terms and conditions applying to the Directors (except Dr. Jones)
Enquiries:
Serabi Gold plc |
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Michael Hodgson |
Tel: +44 (0)20 7246 6830 |
Chief Executive |
Mobile: +44 (0)7799 473621 |
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Clive Line |
Tel: +44 (0)20 7246 6830 |
Finance Director |
Mobile: +44 (0)7710 151692 |
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Email: contact@serabigold.com |
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Website: www.serabigold.com |
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Beaumont Cornish Limited
Nominated Adviser |
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Roland Cornish |
Tel: +44 (0)20 7628 3396 |
Michael Cornish |
Tel: +44 (0)20 7628 3396 |
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Fox Davies Capital Ltd
UK Broker |
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Simon Leathers |
Tel: +44 (0)20 3463 5010 |
Jonathan Evans |
Tel: +44 (0)20 3463 5010 |
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Blythe Weigh Communications Ltd
Public Relations |
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Tim Blythe |
Tel: +44 (0)20 7138 3204 |
Rob Kellner |
Tel: +44 (0)20 7138 3204 |
Copies of this release are available from the Company's website at www.serabigold.com.
Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this news release.
ENDS
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. Source: Serabi Gold plc, 66 Lincoln's Inn Fields, London WC2A 3LH, UK
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Serabi Gold Plc
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PRODUCTEUR |
CODE : SRB.L |
ISIN : GB00B4T0YL77 |
CUSIP : 00B074J639 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Serabi Gold est une société de production minière d'or basée au Royaume-Uni. Serabi Gold détient divers projets d'exploration au Bresil. Son principal projet en production est PALITO au Bresil et ses principaux projets en exploration sont TAPAJOS - MODELO, JARDIM DO OURO, TAPAJOS - PIZON et PIAUI STRKE LENGTH au Bresil. Serabi Gold est cotée au Royaume-Uni, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 61,0 milliards GBX (72,6 milliards US$, 65,3 milliards €). La valeur de son action a atteint son plus bas niveau récent le 31 octobre 2008 à 0,25 GBX, et son plus haut niveau récent le 31 décembre 2020 à 99,55 GBX. Serabi Gold possède 700 843 570 actions en circulation. |