Anglesey Mining plc has issued a total of 12.1 million options to directors and employees to ensure the recipients are “appropriately compensated, motivated and retained”.
DIRECTORS
The share options have an exercise price of 1.2 pence, representing a premium of approximately 41% to the closing share price of 0.85p on 8 May.
Issued under Anglesey’s existing share option scheme, the options will lapse on 30 September 2032.
The company said its non-executive directors had waived the payment of cash fees since July 2014.
Chairman Andrew King received 3.3m options, chief executive officer Rob Marsden 4.4m and NED Douglas Hall 2.2m.
Following the grant of options Anglesey has a total of 21.9m ordinary shares under option.
The company is developing its 100% owned Parys Mountain base-precious metals project on Anglesey and also interests of 12% in Labrador Iron Mines Holdings Ltd, Canada and 49.5% in the Grängesberg iron ore project, Sweden.