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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 : 9112Z
ATH Resources plc
24 January 2011
Press Release 24 January 2011
ATH Resources plc
("ATH Resources" or the "Group")
Grant of Options
ATH Resources plc (AIM:ATH), one of the UK's largest coal producers, announces on 20 January 2011 it granted up to 1,666,572 options over ordinary shares in the Company under the terms of its Long Term Incentive Plan ("LTIP").
The Options granted pursuant to the LTIP will be capable of exercise only if certain performance criteria have been achieved. Total shareholder return (calculated by reference to the share price and any dividends paid during the performance period) will have to exceed an average of 15 per cent compound per annum as measured from the date of issue up to and including the 20 January 2014. These options will not be exercisable prior to 3 years from the date of the grant and will lapse on the 5th anniversary of the date of grant.
Pursuant to the terms of the LTIP, the Options will be exercisable at 1 pence per share.
The Directors set out below have been granted the following number of Options under the LTIP which will be exercisable only if the performance criteria have been achieved and if the Director is in the Company's employment at the time the options are exercised and is not under notice of dismissal:
Name of Director LTIP Alistair Black 210,000 Andrew Weatherstone 180,000
- Ends -
For further information:
ATH Resources plc David Port, Executive Chairman Tel: +44 (0) 7836 693798 Alistair Black, Chief Executive Tel: +44 (0) 1302 760 462 www.ath.co.uk Seymour Pierce Ltd Sarah Jacobs / John Cowie (Nominated Tel: +44 (0) 207 107 8000 Adviser) Richard Redmayne / Katie Ratner (Broker) www.seymourpierce.com
Media enquiries:
Abchurch Sarah Hollins / Mark Dixon Tel: +44 (0) 207 398 7729 mark.dixon@abchurch-group.com www.abchurch-group.com
Notes to Editors
ATH Resources was listed on the AIM market of the London Stock Exchange in June 2004 and operates three surface coal mines in Scotland; Skares Road, in East Ayrshire, Glenmuckloch in Dumfries and Galloway and Muir Dean in Fife. The Group is currently one of the largest producers 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 Group holds coal supply contracts with four of the UK's main electricity generating companies.
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
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