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TETH Tethyan Res

3.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tethyan Res LSE:TETH London Ordinary Share GB00BYVFRB16 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.00 2.50 3.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Tethyan Resources PLC Issue of Options (4864S)

21/12/2016 11:12am

UK Regulatory


Tethyan Res (LSE:TETH)
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TIDMTETH

RNS Number : 4864S

Tethyan Resources PLC

21 December 2016

21 December, 2016

TETHYAN RESOURCES PLC

GRANT OF OPTIONS

Tethyan Resources PLC ("Tethyan" or the "Company"), announces that options have today been granted to certain directors, as set out below, at an exercise price of 2.4p, and exercisable up until the fifth anniversary of grant:

 
 Name                   Number of 
                         options 
 John Proust            1,000,000 
 Mike Andrews           1,000,000 
 Gokhan Kantarcigil     200,000 
 Christopher 
  Goss                  200,000 
 

In addition, Fabian Baker, COO of the Company, has been awarded 1,000,000 options on the same terms as described above.

The grant of options is deemed to be a related party transaction for the purposes of Rule 13 of the AIM Rules. Peter Mullens and Didier Fohlen, being the independent directors of the Company for the purposes of the grant of options, consider, having consulted with the Company's Nominated Adviser, that the terms of the grant of options are fair and reasonable insofar as the Shareholders are concerned.

For further information please contact:

 
 Tethyan Resources PLC       +44 1534 881 885 
 Peter Mullens (CEO)         pjm@tethyan-resources.com 
 
 Cairn Financial Advisers 
  LLP                        +44 (0) 207 213 0880 
 James Caithie / Sandy 
  Jamieson 
 

About Tethyan

Tethyan is an AIM quoted junior exploration company exploring for copper and gold within the Tethyan mineral belt. Tethyan has an experienced Board and technical team. Currently Tethyan holds several licences in Serbia and is looking for other copper and gold projects in Eastern Europe, specifically Serbia and Bulgaria.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

December 21, 2016 06:12 ET (11:12 GMT)

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