WAD West African

 

TIDMWAD 
 
RNS Number : 2005W 
West African Diamonds PLC 
23 July 2009 
 
23rd July 2009 
 
 
West African Diamonds PLC ('West African Diamonds' or 'the Company') 
 
 
Grant of Options 
 
 
West African Diamonds announces that it has granted a total of 2,000,000 options 
to the Directors of the Company with an exercise price of 3p (`the Options'). 
The Options were granted effective 23 July 2009 and are exercisable for a period 
of 7 years from that date. 
 
 
The breakdown of Options granted is as follows: 
 
 
+----------------------+--------------+ 
| John Teeling         | 500,000      | 
+----------------------+--------------+ 
| James Campbell       | 500,000      | 
+----------------------+--------------+ 
| James Finn           | 500,000      | 
+----------------------+--------------+ 
| Alex Van Zyl         | 500,000      | 
+----------------------+--------------+ 
 
 
Following the grant of the options the Directors will have the following 
holdings: 
 
 
+----------------------+--------------+--------------+ 
|                      | No. of       | No of        | 
|                      | shares       | options      | 
+----------------------+--------------+--------------+ 
| John Teeling         | 2,015,862    | 1,000,000    | 
+----------------------+--------------+--------------+ 
| James Campbell       | 125,000      | 1,100,000    | 
+----------------------+--------------+--------------+ 
| James Finn           | 1,547,394    | 1,000,000    | 
+----------------------+--------------+--------------+ 
| Alex Van Zyl         | 1,125,000    | 1,000,000    | 
+----------------------+--------------+--------------+ 
 
 
Enquiries: 
 
 
+------------------------------------+-------------------------+ 
| West African Diamonds plc          |                         | 
+------------------------------------+-------------------------+ 
| John Teeling, Chairman             | +353 1 833 2833         | 
+------------------------------------+-------------------------+ 
| James Campbell, Deputy Chairman    | +27 83 457 3724         | 
+------------------------------------+-------------------------+ 
| Astaire Securities plc             | +44 (0)20 7448 4400     | 
| Jerry Keen                         |                         | 
| Andrew Raca                        |                         | 
+------------------------------------+-------------------------+ 
| College Hill                       | +44 (0)20 7457 2020     | 
| Paddy Blewer                       |                         | 
| Nick Elwes                         |                         | 
+------------------------------------+-------------------------+ 
 
 
www.westafdiamonds.com 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCBSGDRRUDGGCX 
 

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