RNS Number : 8748U
Oxus Gold PLC
20 May 2008
OXUS GOLD PLC
Share Option Plan
LONDON: 20 May 2008 - Oxus Gold plc ('Oxus' or the 'Company') (OXS.L) today announces that
it has issued a total of 8,805,000 new
options to acquire ordinary shares of 1 pence each in the Company pursuant to the terms of its
Share Option Plan. Net of exercised,
cancelled and lapsed options this represents an increase of 5,513,334 options over the number
of options outstanding as at 30 June 2007. The
total number of options now outstanding is 15,261,000, representing 4.03% of the Company's
current outstanding share capital of 378,717,611
shares.
The issue of new options includes options issued to certain Directors (including alternate
directors) as follows:
Exercisable at 25p per share, and vesting one third on first gold production from the
Asaukak heap leach mine at Amantaytau Goldfields
("AGF"), and two thirds on first gold production from the underground sulphide mine at AGF,
and valid for five years from 19 May 2008, the
date of grant:
Miradil Djalalov - 600,000 options
Graham Hill - 400,000 options
Jonathan Kipps - 400,000 options
Oliver Prior - 300,000 options
Douglas Sutherland - 600,000 options
Richard Wilkins - 1,500,000 options
Gordon Wylie - 300,000 options
Exercisable at 25p per share, and vesting 25% on 31 December 2008, 50% on first gold
production from the underground sulphide mine at
AGF, and 25% on 31 December 2009, and valid for five years from 19 May 2008, the date of
grant:
John Donald - 2,000,000 options
Following the issue of new options, the number of options outstanding in respect of each
director is now as follows:
Miradil Djalalov - 600,000 options
John Donald - 2,000,000 options
Graham Hill - 600,000 options
Jonathan Kipps - 2,350,000 options
Oliver Prior - 675,000 options
Douglas Sutherland - 975,000 options
Richard Wilkins - 3,450,000 options
Gordon Wylie - 550,000 options
All previous options issued to directors are exercisable at 54p per share, other than
those issued to Gordon Wylie, which are
exercisable at 62p per share.
OXUS GOLD PLC Tel: +44 (0) 207 907 2000
Jonathan Kipps - Finance Director
Richard Wilkins - Chief Executive Officer
CANACCORD ADAMS LIMITED Tel: +44 (0) 207 050 6500
Mike Jones
BANKSIDE CONSULTANTS Tel: +44 (0) 207 367 8888
Keith Irons
Oliver Winters
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSAMMBTMMMTBLP
|