Hardman Resources Ltd (‘Company’) advises that it has today received notice from its CEO, Mr Simon Potter, exercising the 330,000 Phantom Shares granted to him on the first anniversary of his employment with the Company (19 January 2006) in accordance with his Service Agreement, details of which have previously been disclosed. As a result of the exercise of these Phantom Shares, Mr Potter is entitled to a cash sum of A$125,400, being 330,000 multiplied by the difference between the Company’s share price on commencement of Mr Potter’s employment (19 January 2005) and the current market value of the Company’s shares. RICHARD O’SHANNASSY COMPANY SECRETARY
HDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held