The Company announces that on 20 September 2007 it granted options to Peter Kingston, Executive Chairman of the Company and Marilyn Hill, General Manager of the Ugandan operations as below:
|Name||Number of options||Exercise Price||Date from which the options are exercisable||Expiry of options|
|Peter Kingston||1,000,000||2.75p||20 September 2008||20 September 2012|
|Marilyn Hill||1,000,000||2.75p||20 September 2008||20 September 2012|
The Company has also issued 454,545 new ordinary shares of 0.1p each in the Company (‘Ordinary Shares’) to Peter Kingston as part of his consultancy agreement.
Application for admission of the new Ordinary Shares to trading on AIM is expected to occur on 27 September 2007. Following admission, the Company will have 537,107,878 Ordinary Shares in issue.
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