Grant of Options
Goldplat plc, the AIM listed African gold producer, announces that on 22 July 2015 it granted 8 million share options to Gerard Kisbey-Green, Chief Executive Officer and 3 million share options to Hansie van Vreden, 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 22 July 2015. The Options will vest as to one third immediately, one third on 1 July 2016 and one third on 1 July 2017. 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 Goldplat 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 Russell Lamming (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 www.goldplat.com or contact:
|Gerard Kisbey-Green, CEO||Goldplat plc||Tel: +27 (71) 8915775|
|Ewan Leggat/Katy Birkin||SP Angel Corporate Finance LLP||Tel: +44 (0) 20 3463 2260|
|Andrew Raca/Justin McKeegan||VSA Capital||Tel: + 44 (0)20 3005 5000|
|Felicity Winkles/Charlotte Heap||St Brides Media Partners Ltd||Tel: +44 (0) 20 7236 1177|
Goldplat plc, is an AIM-listed gold recovery services company with two market leading operations in South Africa and Ghana. The Company's strategy is focussed on utilising its cash flow generated from flagship gold recovery operations in Africa 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 Kenya, Burkina Faso and Ghana and is evaluating various opportunities to create value or monetise these assets.
Goldplat is a profitable, African gold recovery services company . . .More info...
Goldplat has two profitable gold recovery businesses in South Africa and Ghana . . .More info...
To subscribe to Goldplat's news release list please click here . . .More Info...