Home » ECR Minerals (ECR) » ECR Minerals #ECR – Issue of Options

ECR Minerals #ECR – Issue of Options

ECRECR Minerals plc (LON:ECR), the exploration and development company focused on gold in Australia, is pleased to announce that it has today issued new options (“New Options”) over 68,100,000 ordinary shares in the Company, to senior employees and certain directors / PDMRS of the Company.

The new options will be valid for five years. They will be issued in three equal tranches and are priced at 1p, 2p and 3p. Exercise of each tranche of the New Options is conditional on the Volume Weighted Average Price of the shares for 14 days being equal to or higher than the relevant exercise price prior to exercise. Exercise of the options is also dependant on the relevant director or employee still being employed by the Company at the time of exercise.

The Directors and PDMRs receiving shares are as follows:

Name of Director / PDMR No. of New Options Tranche 1: 1p Options Tranche 2: 2p Options Tranche 3: 3p Options Total Options Held*
David Tang (Chairman) 6,000,000 2,000,000 2,000,000 2,000,000 16,000,000
Adam Jones (Director) 12,000,000 4,000,000 4,000,000 4,000,000 17,000,000
Andrew Scott (NED) 6,000,000 2,000,000 2,000,000 2,000,000 21,000,000
Andrew Haythorpe (CEO) 33,000,000 11,000,000 11,000,000 11,000,000 33,000,000

*total options held includes options held under prior Option Schemes. More details of these are set out in the Company’s Annual Report and Accounts.

ECR Minerals plc Tel: +44 (0) 20 7929 1010
David Tang, Non-Executive Chairman

Andrew Haythorpe, CEO



Website: www.ecrminerals.com
WH Ireland Ltd   Tel: +44 (0) 207 220 1666
Nominated Adviser

Katy Mitchell / Andrew de Andrade

SI Capital Ltd Tel: +44 (0) 1483 413500
Nick Emerson
Novum Securities Limited  Tel: +44 (0) 20 7399 9425

Jon Belliss

Brand Communications Tel: +44 (0) 7976 431608
Public & Investor Relations
Alan Green


Leave a comment

I would like to receive Brand Communications updates and news...
Free Stock Updates & News
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.