Last checked at 24 Oct 2008 16:38
24 October 2008
Obtala Resources plc (the 'Company')
Award of Share Options
Obtala Resources PLC announces that on 24 October 2004 it approved the grant of options over the ordinary shares of 1p to the following directors of the Company, Simon Rollanson, Professor John Monhemius and Nicholas Clarke (in accordance with the terms of the Company's unapproved Share Option Scheme).
The Options to be granted are set out below:
| Name | Number of Unapproved Options to be Granted | Exercise price | Holdings following grant of options |
| Simon Rollason | 500,000 (available to be exercised from 1 July 2009) 500,000 (available to be exercised from 1 July 2010) | £0.376 £0.376 or if the price at that date is higher, the higher price | 75,000 ordinary shares 1,000,000 options |
| Professor John Monhemius | 100,000 (available to be exercised from 9 June 2009) | £0.376 | 100,000 options |
| Nicholas Clarke | 150,000 (available to be exercised from 30 July 2009) | £0.376 | 150,000 options |
In accordance with the terms of the Company's unapproved Share Option Plan the price of £0.376 is the average of the mid market prices for the 10 days preceding the date of grant, being 24th Oct 2008, which is higher than the price on the time of the grant, £0.355.
The issued share capital of the Company is 177,500,000 ordinary shares of 1p each.
Enquiries:
| Frank Scolaro - Executive Chairman Obtala Resources plc www.obtalaresources.co.uk | +44 (0) 20 7099 1940 |
| Ray Zimmerman/Jonathan Evans Zimmerman Adams International Ltd - Nominated Adviser and Broker www.zimmint.com | +44 (0) 20 7060 1760 |