London, 14th March 2008 – The Company announces that today it granted options over ordinary shares of 10 pence each to the following directors, at an exercise price of 39 pence per share:
These options are subject to performance related conditions and may not be exercised before three years from the date of grant. Provided the performance conditions have been met or treated as met at that time, then the options may be exercised at anytime thereafter, up to ten years from the date they were granted.
Mwana Africa plc
Oliver Baring, Executive Chairman
Tel: 020 7654 5588
Merlin
Tom Randell / Anca Spiridon
Tel: 020 7653 6620
Canaccord Adams
Ryan Gaffney, Vice President
Tel: 020 7050 6500
| Share code: | MWA |
| Market: | AIM |
| Listing date: | 26 Oct 2005 |
| Index: | FTSE AIM All-Share Index |
| Sector: | Basic Resources; |
| Sub‑sector: | Gold Mining |
| Country of register: | Great Britain |
| Segment: | AMSM |