30 Dec 2011

The Board of EMED Mining Public Limited (“EMED Mining” or the “Company”) is pleased to announce that, in accordance with the Companys' incentive share option program within the remuneration policy, it has granted 11,000,000 incentive share options to members of the Board and Management. Such options have been granted pursuant to the resolutions passed by shareholders at the Company's last AGM.

The incentive share options expire five years from the date of grant and have an exercise price of 10 pence per share, representing a 35% premium over the weighted average share price during the period from 1st to 28th December 2011. The options vest over three years following the triggering of the re-start of the Rio Tinto copper project – the Company’s key project in Andalucía, Spain.

...this announcement continues and can be viewed here.