REG - Mila Resources Plc - EMI Option Scheme

Mila ResourcesAnnouncement

10/12/2021 07:00

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RNS Number : 2033V  Mila Resources PLC  10 December 2021

Mila Resources Plc / Index: LSE / Epic: MILA / Sector: Natural Resources

 

10 December 2021

Mila Resources Plc

('Mila' or the 'Company')

EMI Option Scheme

 

Mila Resources plc (LSE: MILA), the post-discovery gold exploration
accelerator, announces that the Company has now established the EMI share
option scheme (the "EMI Options") as outlined in the prospectus dated 29
October 2021 ("Prospectus").

 

The newly established EMI share option scheme has granted options to two
directors over 6,000,000 ordinary shares of 0.1 pence each in the capital of
the Company which represents 2.0 per cent. of the issued share capital of the
Company.

 

The EMI Options will vest immediately and have an exercise price of 2.4p with
a 5-year exercise period. The exercise price is with reference to the placing
and subscription at the time of publishing the Prospectus.

 

Of the total EMI Options granted in this tranche, 2,500,000 have been granted
to Lee Daniels, Chief Financial Officer and 3,500,000 have been granted to
Mark Stephenson, Executive Chairman. No other EMI Options exist in the
Company.

 

 

 

**ENDS**

 

For more information visit www.milaresources.com or contact:

 

 Mark Stephenson                info@milaresources.com

 Mila Resources Plc

 Jonathan Evans                 +44 (0) 20 3463 5000

 Brandon Hill Capital Limited

 Nick Emerson                   +44 (0) 20 3143 0600

 SI Capital

 Susie Geliher                  +44 (0) 20 7236 1177

 St Brides Partners Limited

 

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