11:50 Thu 23 Jul 2015
Grant of Options
/ Ticker: GDP / Index: AIM / Sector: Mining & Exploration23 July 2015
('' or 'the Company')
, the AIM listed African gold producer, announces that on it granted 8 million share options to , Chief Executive Officer and 3 million share options to , Chief Operating Officer of the Company to subscribe for new ordinary shares of 1p each in the Company (the "Options").
The Options have an exercise price of 3.125p per share representing a premium of approximately 67% to the closing mid-market price of 1.875p on . The Options will vest as to one third immediately, one third on and one third on . The exercise period of the Options is between 1 and 5 years from the vesting date. Other than the Options detailed above, the Directors of do not hold any share options.
The total number of share options outstanding following the grant of the Options is 19,500,000 representing 11.65% of the current issued share capital of the Company. In addition to the Options described above, the Company has in issue 4,500,000 share options held by former CEO (with an exercise price of 12.825p per share) and 4,000,000 options held by key personnel at subsidiary level (with 1 million options exercisable at 6p per share and 3 million options exercisable at 10p per share).
** ENDS **
For further information visit or contact:www.goldplat.com
, is an AIM-listed gold recovery services company with two market leading operations in and . The Company's strategy is focussed on utilising its cash flow generated from flagship gold recovery operations in to self-fund sustainable growth and expansion of niche gold recovery business model. The Company also has a small gold mining and exploration portfolio in , and and is evaluating various opportunities to create value or monetise these assets.
, CEO | Tel: +27 (71) 8915775 | |
/ | Tel: +44 (0) 20 3470 0470 | |
/Justin McKeegan | Tel: + 44 (0)20 3005 5000 | |
/ | Tel: +44 (0) 20 7236 1177 |
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