| Fri 20 Aug 2010, 13:30 | | DMC - DiamondCorp plc - Grant of options |
|
DMC
DMC
DMC - DiamondCorp plc - Grant of options
DiamondCorp plc
JSE share code: DMC
AIM share code: DCP
ISIN: GB00B183ZC46
(Incorporated in England and Wales)
(Registration number 05400982)
(SA company registration number 2007/031444/10)
(`DiamondCorp` or `the Company`)
GRANT OF OPTIONS
DiamondCorp plc, announces that on 19 August 2010, the board of the company
ratified a recommendation from the Company`s Remuneration Committee to grant
1,860,000 share options ("new options") over fully paid ordinary shares in the
Company to Mr Paul Loudon, the Company`s Chief Executive Officer.
The exercise price of the new options is 12p, and they vest in equal tranches
over three years on condition that the Company`s share prices trades above 17p.
The new options bring the total shares held under option by Mr Loudon to
2,550,000.
The Board and the Remuneration Committee also resolved to grant 2,460,000 new
options to senior management (not directors) of the Company, at the same
exercise price with the same vesting terms.
Following these option grants, the total number of shares under option will be
7,005,000 (representing 4.71% of the Company`s issued share capital) of which
the number granted to Directors is 3,480,000 (representing 2.34% of the
Company`s issued share capital).
The Board and the Remuneration Committee also resolved to adjust the exercise
price of the 2,685,000 options in issue prior to the new options to 2,130,000 at
31p (originally 135p at the time of grant) and 555,000 at 21p (originally 50p at
the time of grant).
London
20 August 2010
AIM Nomad: Cenkos Securities plc
AIM Brokers: Cenkos Securities plc, Fairfax I.S. plc
JSE Sponsor: PSG Capital (Pty) LimitedDiamondCorp plc, Paul Loudon +44 20 7256
2651Liz Bowman/Ivonne Cantu, Cenkos Securities plc +44 20 7397 8900Ewan Leggat,
Fairfax I.S. plc +44 207 598 5368John-Paul Dicks, PSG Capital (Pty) Limited +27
21 887 9602Charmane Russell/Marion Brower, Russell & Associates +27 11 880 3924
Date: 20/08/2010 13:30:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
