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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Xceldiam | LSE:XLD | London | Ordinary Share | BMG316011003 | ORD USD0.0006 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:1026J Xceldiam Limited 18 September 2006 Xceldiam Limited Regulatory News Announcement Grant of Share Options RNS Number: Xceldiam Limited 18 September 2006 Xceldiam Limited ('Xceldiam' or 'the Company'), the AIM-quoted diamond exploration group, announces that the Company's Remuneration Committee today resolved to grant the following share options in respect of ordinary shares of US$0.0006 each in the Company ("Ordinary Shares"): Total Options Post Allotment allotment Chairman /Chief Executive Officer Timothy George 400,000 (1,100 000) Technical Director Richard Rice 250,000 (650,000) Finance Director Robert Kaplan 250,000 (950,000) Non-Executive Director Michael Nunn 125,000 (125,000) Non-Executive Director Tobin Prior 125,000 (125,000) Non-Executive Director Mark Summers 125,000 (125,000) Due to the reporting requirements of AIM and the lengthy confidential negotiations surrounding the Petra agreement as announced on 30 May 2006, the Company has been in a close period for all of this year and has therefore been unable to grant options to directors at the time it would ordinarily have done so. With the bedding down of the Alluvial and Kimberlite programmes on Projecto Luangue and the positive progress made to date; the Remuneration Committee has deemed it appropriate to continue to incentivise senior management on the project so as to ensure the retention of key staff. The Remuneration Committee has resolved that the exercise price for these options be the weighted average of the prices at which the Ordinary Shares were traded on AIM during the one week period up to and including the offer date, being the 18th of September 2006. This valuation is as stipulated in the Xceldiam Share Option scheme. The options are to be allotted at 33 pence per share and will be exercisable, pursuant to the terms of the share option scheme, in the following manner: - 20% 1 year from the allotment date - 30% 2 years from the allotment date - 50% 3 years from the allotment date The Company released its interim results to 30 June 2006 on 15 September 2006 - Ends - For further information, please contact: Leesa Peters Conduit PR +44 20 7429 6666 / +44 20 7429 6600 David Youngman WH Ireland Limited +44 161 832 2174 This information is provided by RNS The company news service from the London Stock Exchange END RDSAKFKBQBKDKCD
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