REG-Serabi Gold plc : Appointment of Director and Award of Share Options <Origin Href="QuoteRef">SRB.L</Origin>

Serabi GoldAnnouncement

30/09/2014 07:02

For immediate release
30 September 2014
Serabi Gold plc
("Serabi" or the "Company")
Appointment of Director and Award of Share Options
Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, is pleased to announce the appointment of Mr. Felipe Swett as a Non-Executive Director of the Company with immediate effect. 
Mr. Swett is a Partner and heads the asset management team at Asset Chile, a Chilean-based investment bank. Mr. Swett joined Asset Chile in 2003 as an Analyst and as part of the corporate finance team and has led the Asset Management division since 2010. Mr Swett holds a degree in Civil Engineering with a Diploma in Environmental Engineering from the Pontificia Universidad Catlica de Chile and an MBA from the Kellogg School of Management, Northwestern University.
Mr. Felipe Swett Lira, aged 35, has held the following directorships and /or partnerships in the last 5 years:
Current
Past
 Hinman Ltda 
 None 
 Asset Chile S.A. 
 Asset Administradora General de Fondos S.A. 
 Asset S.A. 
 Foresta Administradora de Fondos de Inversion S.A. 
 Sociedad Forestal S.A. 
 Las Petacas Spa. 
 Domeyko Spa. 
 Inmobiliaria Santa Fe Ltda. 
Mr. Swett currently holds no ordinary shares in Serabi. 
There is no further information on Mr. Swett required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.
The Company also announces that the board of directors of Serabi (the "Board") has agreed to award in aggregate 3,200,000 new options over ordinary shares to certain of its non-executive Directors (representing 0.34% of the current issued share capital of 656,389,204 ordinary shares). The options are exercisable at 5.50 pence which compares to the closing mid-market share price in London of 5.50 pence per ordinary share on 29 September 2014. The option awards are as follows:
 Director 
 Number of new options over Ordinary Shares 
 Nicolas Banados 
 1,200,000 
 Hector Aquiles 
 1,000,000 
 Felipe Swett 
 1,000,000 
 3,200,000 
None of these Directors currently hold any share options in the Company and this award is in-line with previous awards made to other non-executive Directors.
The options have been granted under the Serabi Mining 2011 Share Option Plan (the "2011 Plan") which the Company adopted on 28 January 2011. On 24 June 2014 shareholders approved the continuing grant of options under the 2011 Plan until 23 June 2017. The options granted will vest in three equal tranches, with one-third vesting and being exercisable immediately on award, one-third vesting on the first anniversary of the award and the remainder vesting on the second anniversary of the award and the options will lapse three years after the date of the award.
Enquiries:
Serabi Gold plc
Michael Hodgson
Tel: +44 (0)20 7246 6830
Chief Executive
Mobile: +44 (0)7799 473621
Clive Line
Tel: +44 (0)20 7246 6830
Finance Director
Mobile: +44 (0)7710 151692 
Email: contact@serabigold.com
Website: www.serabigold.com
Beaumont Cornish Limited
Nominated Adviser 
Roland Cornish
Tel: +44 (0)20 7628 3396
Michael Cornish
Tel: +44 (0)20 7628 3396
Peel Hunt LLP
UK Broker
Matthew Armitt
Tel: +44 (0)20 7418 9000
Ross Allister
Tel: +44 (0)20 7418 9000
Blytheweigh 
Financial PR
Tim Blythe
Tel: +44 (0)20 7138 3204
Mobile: +44 7816 924626
Halimah Hussain
Tel: +44 (0)20 7138 3204
Mobile: +44 7725 978141
Copies of this release are available from the Company's website at www.serabigold.com.
Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this news release.
ENDS


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Serabi Gold plc via Globenewswire
HUG#1859476