Director Shareholding
March 25 2003 - 10:12AM
UK Regulatory
RNS Number:1783J
Paladin Resources PLC
25 March 2003
PALADIN RESOURCES plc
("the Company")
Directors' Interests in Shares
In accordance with the terms of the Company's Executive Share Option Scheme
("the Approved Scheme") and the 1998 Unapproved Share Option Scheme ("the
Unapproved Scheme"), three Directors yesterday exercised certain outstanding
options, at an exercise price of 34.328 pence per share, under the Approved
Scheme and the Unapproved Scheme as follows:
Name of Director Approved Scheme Unapproved Scheme
P Davison 149,209 488,040
RA Franklin 149,209 870,390
CJ McDowell 149,209 488,040
The Directors have retained all of the shares exercised under the Approved
Scheme and have sold all of the shares exercised under the Unapproved Scheme at
a price of 72 pence per share. The resulting total number of shares held by each
Director, or by persons connected with him, is now as follows:
Name of Director Number of shares % of issued share capital
P Davison 508,455 0.16
RA Franklin 839,209 0.26
CJ McDowell 535,459 0.17
The Ogier Employee Benefit Trustee Limited, as trustee of The Paladin Resources
plc Employee Share Trust ("the Trust"), yesterday purchased 500,000 ordinary
shares of 10 pence each at a price of 72 pence per share. The Trust now holds a
total of 2,981,923 shares, representing 0.93% of the issued share capital of the
Company. The shares are being held in the Trust in connection with conditional
awards made to certain Directors of the Company and other senior employees under
the Company's Long Term Incentive Plan 2000. As a potential beneficiary of the
Trust, each Director is technically deemed to be interested in the ordinary
shares held in the Trust.
25 March 2003
Enquiries:
Paladin Resources plc
Sally Powell, Company Secretary 020 7024 4500
College Hill
James Henderson 020 7457 2020
This information is provided by RNS
The company news service from the London Stock Exchange
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