NTL new talisman gold mines limited

Ann: ALLOT: NTL: Unlisted Options issued under Em

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    • Release Date: 13/02/14 18:40
    • Summary: ALLOT: NTL: Unlisted Options issued under Employee Share Option Plan
    • Price Sensitive: No
    • Download Document  1.64KB
    					NTL
    13/02/2014 16:40
    ALLOT
    
    REL: 1640 HRS New Talisman Gold Mines Limited
    
    ALLOT: NTL: Unlisted Options issued under Employee Share Option Plan
    
    13 February 2014
    
    ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED [ASX, NZSX: NTL]
    FOR PUBLIC RELEASE
    
    Unlisted Options issued under Employee Share Option Plan
    New Talisman today issued 2,000,000 unlisted options to eligible employees
    under its Employee Share Option Plan approved on 19 September 2013.
    Notice Pursuant to NZSX Listing Rule 7.12.1
    Class of Security: Unlisted Options over Ordinary Shares
    ISIN: N/A
    Number issued: 2,000,000
    Issue Price: Nil on issue of Unlisted Options. The exercise price is
    consistent with the Employees Share Option Plan approved by shareholders on
    19 September 2013.
    Payment in Cash: N/A
    Amount Paid Up: N/A
    Percentage total of class of securities: 19%
    Reason for issue: Unlisted Options issued under Employee Share Option Plan
    Specific authority for issue: Board Resolution dated 13 February 2014.
    Terms of the issue: Subject to the employees continued employment 1,000,000
    Options are exercisable 12 months from the issue date and the remainder
    exercisable 24 months from issue date. Options also become exercisable where
    a person becomes the holder of a relevant interest in 50% or more of the
    voting shares in the Company or a takeover offer is served on the Company.
    Options have a term of 5 years from the issue date.
    Total number of securities on issue after issue: 10,500,000 Unlisted Options
    Treasury Stock: N/A
    Date of issue: 13 February 2014
    
    Sue Sangster
    Company Secretary
    New Talisman Gold Mines Limited
    +64 9 303 1893
    End CA:00246968 For:NTL    Type:ALLOT      Time:2014-02-13 16:40:43
    				
 
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