Issue of Options
28/06/2007
Regulatory Announcement
Angus & Ross plc ('Angus & Ross'
or 'the Company') announces today the grant of 7,700,000 share
options to directors of the Company.
The options over Ordinary Shares of
1p each, in the Company's Unapproved Share Option scheme have been
granted at a price of 20p. The mid price of the Company's shares
at the close of business on 27 June 2007 was 17.25p.
The options,
which expire after five years, are not capable of exercise for
a period of one year from the date of grant.
Options have been
granted to the undermentioned individuals as follows:
| Robin Andrews |
Chairman and Chief Executive |
3,000,000 |
| Andrew Zemek |
Chief Operating Officer |
3,000,000 |
| Paul Williams |
Finance Director |
1,000,000 |
| Tom Elder |
Non-executive Director |
400,000 |
| Richard Burt |
Non-executive Director |
200,000 |
| Malcolm Swallow, |
Non-executive Director |
100,000 |
These options will immediately lapse if the financing
negotiations completed for the Black Angel Mine are not approved
at the EGM, to be held at The Royal York Hotel, Station Road, York, North
Yorkshire, YO24 1AA on 2 July 2007 at 11.30 am.
- Ends -
Angus & Ross plc
Robin Andrews, Chairman +44-1751 430 988
Paul Williams, Finance Director/Company Secretary +44 1606 855022
Fred Walsh / Sebastian Jones
(Teather & Greenwood) +44-20 7426 9000
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