TIDMPERE

RNS Number : 0722V

Pembridge Resources plc

31 October 2017

31 October 2017

Pembridge Resources plc ("Pembridge" or the "Company")

Issue of Share options

Pembridge Resources plc (LSE: PERE) announces that it has issued a total of 22,050,000 share options, in accordance with the rules of the Company's Share Option Plan 2016 as approved by shareholders on 18 August, 2017.

The awards were approved by the Board on 30 October, 2017 (the "Award Date").

All of the options awarded are for ten years and each award will vest 33.3% on the first, second and third anniversary of the Award Date. The exercise price for each award is set at 2 pence per share in respect of the one third vesting on the first anniversary of the Award Date; 4 pence per share in respect of the one third vesting on the second anniversary of the Award Date ; and 8 pence per share in respect of the one third vesting on the third anniversary of the Award Date.

Share options issued to the Directors are as follows:

   David Linsley               7,200,000 
   Guy Le Bel                  1,350,000 
   Francis McAllister       1,350,000 
   Gati Al-Jebouri            1,350,000

The balance of 10,800,000 options were awarded to consultants and members of the management team.

The Directors are, as previously announced, currently taking no salaries until a transaction constituting a reverse takeover is completed by the Company.

The Company currently has 223,849,257 ordinary shares of 0.1p in issue.

For further information on the Company, visit: http://www.pembridgeresources.com

For further information please contact:

Pembridge Resources PLC

David Linsley, Chief Executive Officer

T: +44 (0)207 917 2968

Damien McCrystal, Public Relations

T: +44 (0)7816 770 758

damien@mccrystal.info

SI Capital Limited - Joint Broker

Nick Emerson

T: +44 (0)1483 413 500

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHKFLBXDBFBFBF

(END) Dow Jones Newswires

October 31, 2017 05:03 ET (09:03 GMT)

Pembridge Resources (LSE:PERE)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024 Click aqui para mais gráficos Pembridge Resources.
Pembridge Resources (LSE:PERE)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024 Click aqui para mais gráficos Pembridge Resources.