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Grant of Options

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RNS Number : 3308J
Leed Resources PLC
02 April 2015
 



2 April 2015

Leed Resources Plc

("Leed" or "the Company")

Grant of Share Options

 

Leed announces that in line with the policy adopted a year ago, whereby all share options were cancelled until such time as the Company made a further investment, the Company has today granted options over a total of 272,000,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares"). 240,000,000 of the share options have been granted to Directors, following the initial investment in Battalion. 

 

Grant of Share Options to Directors

 

Details of the share option awards to Directors are as follows:

 

 

 

Name of Director

 

Number of Options granted

 

Jinesh Patel

80,000,000

Ian Gibbs *

80,000,000

Charles Zorab

80,000,000

* These share options are held by Bromius Capital Pte Ltd, a company in which Mr Gibbs is a shareholder and director.

 

The share options for Directors are exercisable from 2 April 2015 to 2 April 2020 at 0.1p per share being a 43% premium over the closing mid-market price on 1 April 2015 of 0.07p per share.

 

Grant of Share Options to a Consultant

 

A share option has today been granted to a consultant over 20,000,000 Ordinary Shares, exercisable on the same terms as those share options granted to the Directors above.

 

Grant of Share Options to Nomad and Broker

 

SP Angel has today been granted a share option over 12,000,000 Ordinary Shares, exercisable during the period 2 April 2015 to 2 April 2018 at a price of 0.1p per Ordinary Share.

 

Following the above share option grants, the total number of Ordinary Shares under option is 272,000,000, representing 8.76% of the Company's current issued share capital.

 

Enquiries:

For further information, please contact:

 

Leed Resources plc

 

Jinesh Patel

Tel:  +65 65 35 2838

Charles Zorab

 

Tel: +44 20 3405 4214

SP Angel Corporate Finance LLP

 

Nomad and Broker

 

Ewan Leggat

Tel: +44 (0) 20 3470 0470

Katy Birkin

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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