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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Toledo Mining | LSE:TMC | London | Ordinary Share | GB00B0CRWC45 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 55.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMTMC 15 April 2013 Toledo Mining Corporation plc ("Toledo" or the "Company") (AIM:TMC) Director Remuneration Disclosure As disclosed in the Response Circular published on 19 March 2013, Toledo's Remuneration Committee approved the conditional issue of a cash bonus to Mr Victor Kolesnikov on 31 October 2012. The cash bonus would become payable in the event of a change of control (as defined in the City Code on Takeovers and Mergers) of the Company but would be forfeited by Mr Kolesnikov in the event that the Company awarded options to Mr Kolesnikov on the same terms before a change of control occured. The bonus is calculated by reference to the differential between the Offer price and unit strike prices (agreed at various premiums to the closing share price on 30 October 2012) and any offer price as set out below: Basis units Strike Price 425,000 37.950 p 400,000 39.675 p 400,000 41.400 p As no options were granted to Mr Kolesnikov since 31 October 2012, a cash bonus of GBP126,912.50 crystallised when DMCI Mining Corporation's interest in voting rights increased from 17.0 per cent. to 37.7 per cent. For further information, please visit www.toledomining.com or contact: Victor Kolesnikov, CEO, Toledo Mining Corporation +44 (0) 20 7290 3100 Richard Morrison / Jen Boorer, RFC Ambrian Ltd +44 (0) 20 3440 6800 Anthony Shewell, Fin Public Relations +44 (0) 20 7608 2280 Carina Corbett, 4C Communications Ltd +44 (0) 20 3170 7973 This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Toledo Mining Corporation PLC via Thomson Reuters ONE HUG#1692914 http://www.toledomining.com/
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