RNS Number : 6037B
Landore Resources Limited
29 October 2009
Landore Resources Limited
("Landore" or "the Company")
Grant and exercise of options
On 28 October 2009 the Company's Remuneration Committee approved the grant of options over ordinary shares of 1p each (each an "Ordinary Share") to a Director and certain employees under stand alone option deeds.
The following option grant to a Director was made:
Director Options granted Options held following this notification
William Humphries 1,000,000 9,000,000
The options are exercisable (in whole or in part) at any time up to the tenth anniversary of the date of grant and are exercisable at a price of 14p per Ordinary Share.
In addition, following the exercise of share options application will be made for the admission of 50,000 ordinary shares of 1p each in the Company ("New Ordinary Shares") to trading on AIM. The New Ordinary Shares will rank pari passu with existing ordinary shares and it is expected that admission will occur at 8.00 a.m. on 10 November 2009.
Following admission of the New Ordinary Shares, the total number of voting rights in the Company's ordinary shares will be 189,959,325.
Enquiries:
Bill Humphries/Richard Prickett
Landore Resources Limited
Tel: +44(0)20 7409 7444
Simon Raggett / Angela Peace
Strand Hanson Limited
Tel: +44(0)20 7409 3494
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This information is provided by RNS
The company news service from the London Stock Exchange
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