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- Release Date: 20/12/13 17:57
- Summary: GENERAL: MGL: Intention to Exercise Options
- Price Sensitive: No
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MGL
20/12/2013 15:57
GENERAL
REL: 1557 HRS Mercer Group Limited
GENERAL: MGL: Intention to Exercise Options
20 December 2013
Mercer Group Limited - Announcement regarding notice to exercise options
Mercer Group Limited ("Mercer") has received notice that Rodger Shepherd,
Chief Executive Officer, intends to exercise all 14,285,714 options to
acquire shares which he holds which can be exercised on 2 February 2014. The
exercise price for each of those options is $0.07, which will result in a
payment to Mercer of $1 million. This payment will be funded by the proceeds
of the sale of $1 million of Mercer shares by Rodger Shepherd which occurred
today.
ENDS
End CA:00245551 For:MGL Type:GENERAL Time:2013-12-20 15:57:56
