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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ath Resources | LSE:ATH | London | Ordinary Share | GB00B013H730 | ORD 0.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.325 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMATH RNS Number : 8843F ATH Resources plc 20 January 2010 +-------------------------------------+-------------------------------------+ | | 20 January 2010 | +-------------------------------------+-------------------------------------+ ATH Resources plc ("ATH Resources" or "the Group") Grant of Options ATH Resources has today granted options over ordinary shares in the Company ("Options") under the terms of its Long Term Incentive Plan ("LTIP") and its Unapproved Share Option Plan ("Unapproved Plan"). A total of up to 1,071,778 Options have been granted pursuant to the terms of the LTIP and up to 636,616 Options have been granted pursuant to the terms of the Unapproved Plan. The Options granted pursuant to the LTIP and under the Unapproved Plan will only be capable of exercise if certain performance criteria have been achieved measured by reference to pre-tax EPS achieved each year and the Options will be not exercisable for a period of 3 years and will lapse on the expiry of the 5th anniversary of grant. Pursuant to the terms of the LTIP the Options will be exercisable at 1p per share. Options issued under the Unapproved Plan will be exercisable at 81.25p per share being the mid-market closing price of the ATH Resources ordinary shares on 19 January 2010, the day immediately prior to the grant of the Options. The Directors set out below have been granted the following maximum number of Options under each plan which will only be exercisable if the performance criteria have been achieved and if the Director is in employment at the time the options are exercised and is not under notice of dismissal: +----------------------------------+----------------------+---------------+ | Name of Director | Unapproved Plan | LTIP | +----------------------------------+----------------------+---------------+ | Tom Allchurch | 215,976 | 215,976 | +----------------------------------+----------------------+---------------+ | Steven Beaumont | 162,496 | 162,496 | +----------------------------------+----------------------+---------------+ | Alistair Black | 139,870 | 139,870 | +----------------------------------+----------------------+---------------+ - Ends - For further information: +-------------------------------------------+------------------------+ | ATH Resources plc | | +-------------------------------------------+------------------------+ | Tom Allchurch, Chief Executive | Tel: +44 (0) 1302 760 | | | 462 | +-------------------------------------------+------------------------+ | tom.allchurch@ath.co.uk | www.ath.co.uk | +-------------------------------------------+------------------------+ +-------------------------------------------+------------------------+ | Seymour Pierce Ltd | | +-------------------------------------------+------------------------+ | Sarah Jacobs | Tel: +44 (0) 207 107 | | | 8000 | +-------------------------------------------+------------------------+ | | www.seymourpierce.com | +-------------------------------------------+------------------------+ Media enquiries: +-------------------------------------------+------------------------+ | Abchurch | | +-------------------------------------------+------------------------+ | George Parker | Tel: +44 (0) 20 7398 | | | 7719 | +-------------------------------------------+------------------------+ | george.parker@abchurch-group.com | www.abchurch-group.com | +-------------------------------------------+------------------------+ Notes to Editors ATH Resources is an AIM-listed operator of surface coal mines in the UK with five operational mines in Scotland; Skares Road, Grievehill and Laigh Glenmuir in East Ayrshire, Glenmuckloch in Dumfries and Galloway and Muir Dean in Fife. The Company is currently the third largest producer of coal in the UK producing approximately 2 million tonnes per annum. Coal is used to generate around a third of the UK's electricity and the Company now holds coal supply contracts with four of the UK's main electricity generating companies. The management team has been in place since 1998. It acquired the rights to operate (and subsequently acquire) the Skares Road mine with support from The Alchemy Plan. Following ATH Resources' incorporation in October 2003, and backed by a follow on investment from The Alchemy Plan, the Company acquired the Garleffan mine in November 2003. Garleffan is currently being restored having finished coaling in June 2006. ATH Resources listed on the AIM market of the London Stock Exchange in June 2004. In June 2005, having raised GBP18 million by way of an Open Offer, the Group acquired two new opencast sites, Grievehill and Glenmuckloch in Scotland. The acquisition increased the Group's reserve base by 160%. In May 2006, the Group acquired ATH Regeneration a successful coal recovery, land remediation and regeneration business with a particular focus on colliery spoil heap reclamation projects. The acquisition, which was earnings enhancing, allowed ATH to build on its skills as a regenerator of land, whilst developing strong relationships with key English planning authorities. The Company has been successfully integrated into the Group. The operational diversification that the acquisition brings to the Group will be a significant driver of ATH's organic growth going forward both in the UK and overseas and the business is actively pursuing a number of projects in Australia. For the 53 week period ended 4 October 2009, the Group achieved turnover of GBP77.5 million and generated an operating profit of GBP8.6 million for the same period. Further information on ATH Resources can be found at www.ath.co.uk. This information is provided by RNS The company news service from the London Stock Exchange END RDSEAXFEAFAEEFF
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