Anglesey Mining plc              

 

29 November 2007                                                                 LSE:AYM

Grant of share options

 

Anglesey Mining plc announces that options to purchase ordinary shares of 1 pence each in the company have been granted to the following directors on 29 November 2007 -

 

Name

No. of new options

Exercise price in pence

Total options held after this grant

John Kearney   

200,000

21.85

5,200,000

Bill Hooley   

1,500,000

21.85

2,500,000

Ian Cuthbertson  

600,000

21.85

2,100,000

David Lean     

400,000

21.85

500,000

Howard Miller  

400,000

21.85

1,000,000

Roger Turner  

 400,000

21.85

900,000

Danesh Varma 

 500,000

21.85

1,200,000

 

All of these options are exercisable over the period from 29 November 2008 to 29 November 2017. There is a performance criterion to be met in respect of each of these share options, namely that the company's share price performance from the date of grant must exceed that of the companies in the top quartile of the FTSE 100 index. There was no consideration for the grant of the options.

The share options were granted under the terms of the company's 2004 Unapproved Share Option Scheme which was adopted by shareholders at the company’s annual general meeting held on 20 October 2004. 

 


For further details:

Bill Hooley, Chief Executive                                    +(44) 1492 541981
Ian Cuthbertson, Finance Director                           +(44) 1248 361333

 


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  Anglesey Mining plc
Parys Mountain, Amlwch,
Anglesey, LL68 9RE, UK
  Phone  +44 1248 361333  
 mail@angleseymining.co.uk
 

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