MXX Mineral Sec

RNS Number:8229M
Mineral Securities Limited
30 January 2008

                             ASX / RNS ANNOUNCEMENT

          EXERCISE OF MXXO CLASS A OPTIONS / PROPOSED ISSUE OF OPTIONS


30 January 2008



We advise that Mineral Securities Limited ("the Company") has allotted 741,438
ordinary shares ("Securities") in the form of Chess Depository Interests
pursuant to the exercise of 741,438 Class A options.  The Company will continue
to progressively allot Securities as optionholders continue to exercise up to
the 31 January 2008 expiry date. This announcement should be read in conjunction
with the announcement of 22 January 2008.  Application will also be made for the
new shares to be admitted to trading on AIM, with Admission expected to take
place on 5 February 2008.



NEDSOS Options

Under the Non-Executive Directors Share Option Scheme ("NEDSOS") the Company
proposes to issue 61,757 unlisted options to non-executive directors, the
granting of the options will be subject to shareholder approval which is being
sought at the Company's Annual General Meeting on 19 February 2008. The NEDSOS
options are exercisable at A$1.6845 and expire 31 December 2012.  The NEDSOS
allows non-executive directors to receive options in lieu of fees paid in cash,
the value of the fees forgone is US$43,750. An Appendix 3B detailing this
proposed grant is attached.



Secondary Trading Exemption

The Corporations Act restricts the on sale of securities issued without
disclosure, unless the sale is exempt under section 708 or 708A. A sale of the
Securities noted above will fall within the exemption in section 708A(5) of the
Act.



The Company hereby notifies the Australian Stock Exchange under paragraph 708A
(5)(e) of the Corporation Act that:

 (a)       the Company issued the Securities without disclosure to investors
           under Part 6D.2 of

the Act;

 (b)       as at 30 January 2008, the Company has complied with the provisions
           of Chapter 2M of the Act as they apply to the Company, and section 
           674 of the Act; and

 (c)       as at 30 January 2008 there is no information:

     i.   that has been excluded from a continuous disclosure notice in 
          accordance with the ASX Listing Rules; and

     ii.  that investors and their professional advisers would reasonably require
          for the purpose of making an informed assessment of:

                the assets and liabilities, financial position and performance, 
                profits and losses and prospects of the Company; or

                the rights and liabilities attaching to the Securities.



For further information please contact:



Mr Keith Liddell, Chief Executive Officer        +44 207 478 5100

Email: enquiries@mineralsecurities.com


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

IOESEUFAUSASELF

Mineral Sec (LSE:MXX)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Mineral Sec (LSE:MXX)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024