ECR 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
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