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AEA
AEA
AEA - African Eagle Resources plc - Grant of share options
African Eagle Resources plc
Incorporated in England and Wales
(Registration number 3912362)
(AIM share code: AFE AIM ISIN: GB0003394813)
(JSE share code: AEA JSE ISIN: GB0003394813)
GRANT OF SHARE OPTIONS
African Eagle Resources plc ("African Eagle" or "the Company", ticker AIM: AFE,
AltX: AEA) announces that on 29 July 2011 it granted 4,996,000 share options to
employees under the Company`s two share option incentive schemes. The exercise
price is 10 pence, being 19.3% above the closing price of the Company`s shares
on 29 July 2011. None of the options were granted to directors.
Under the rules of the schemes, options may not normally be exercised before the
first anniversary of the date of grant and may not in any event be exercised
later than the fifth anniversary of the date of grant. The new share options
will become exercisable after 29 July 2012 and will expire on 29 July 2016.
A total of 24,767,000 share options are now outstanding in the two schemes,
equivalent to 6.05% of the Company`s shares in issue. The total number of
options outstanding under the rules of the schemes cannot exceed 10% of the
number of shares in issue.
Sponsor
Merchantec Capital
1 August 2011
For further information:
Please see the Company`s web site at www.africaneagle.co.uk or contact one of
the following:
African Eagle Resources plc
+44 20 7248 6059
Bevan Metcalf
+44 78 0277 6226
Sandra Spencer
+44 77 5766 0798
Canaccord Genuity Limited
Andrew Chubb
Bhavesh Patel
+44 20 7050 6500
Ocean Equities Limited
Guy Wilkes
+44 20 7786 4370
Russell & Associates, Johannesburg
Charmane Russell
Marion Brower
+27 11 8803924
+27 82 8928052
Date: 01/08/2011 13:00:03 Produced by the JSE SENS Department.
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