Grant of Share Options
29 April 2003 - 9:01AM
UK Regulatory
RNS Number:4725K
Melrose Resources PLC
29 April 2003
FOR IMMEDIATE RELEASE
29 April 2003
Melrose Resources plc
Grant of share options
On 25 April 2003, the Company granted options to Directors over 282,093 Ordinary
Shares under the terms of the Unapproved Share Option Scheme. The options are
exercisable at 65p per Ordinary Share between 25 April 2005 and 25 April 2010:
Director Share options Granted on Share options
outstanding at 25 April 2003 outstanding at
24 April 2003 No. 25 April 2003
No. No.
R F M Adair 462,939 68,645 531,584
D W Curry 464,901 76,158 541,059
J M M Sutherland 447,690 68,645 516,335
C C A Thomas 819,972 68,645 888,617
Notes
1. The options were granted for nominal consideration;
2. A further 71,378 options were granted at the same time to
senior employees of the Company at 65p per Ordinary Share;
3. The Company has 44,188,002 Ordinary Shares in issue;
4. The Company now has 2,918,479 share options outstanding,
representing 6.5% of the issued Ordinary Share capital;
5. In accordance with the terms of the share option schemes,
the number and exercise price of existing options granted
under the Unapproved Scheme and by other arrangement have
been adjusted following the Rights Issue that closed on
24 March 200;.
6. The number and exercise price of existing share options
granted under the Approved Scheme will also be adjusted,
but such adjustment is subject to the approval of the
Inland Revenue and has not yet been reflected in
the above interests.
For further information please contact
Melrose Resources plc
David Curry, Chief Executive 0131 225 6678
Chris Thomas, Corporate Development Director 0207 462 1600
Binns & Co PR Limited
Emma McCaffrey/Peter Binns 0207 786 9600
This information is provided by RNS
The company news service from the London Stock Exchange
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