Latest News

| 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |


For further information please contact our Media Relations:

107 Cheapside

Tel: +44 (0) 20 3757 4980

Released 11:00 09-December-2014

Number 2353Z

Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining

Stratex International Plc  

(‘Stratex’ or ‘the Company’)

Issue of Share Options to the Directors 

The Board of Directors ('the Board') of Stratex International Plc, the AIM-quoted exploration and development company currently focused on gold and base metal opportunities in Turkey and Africa, announces it has issued the following share options to its Directors as part of the Company’s Enterprise Management Incentive (‘EMI’) Scheme.

The Remuneration Committee has carried out its regular review of management remuneration, which it concludes remains well below that of many of its peers. However, the recommendation is that no salary increases will be awarded to help maintain a favourable balance between overheads and operational costs and conserve cash. 

In view of the achievements of the year, which include the important restructuring of Thani Stratex Resources, concluding an influential investment in GoldStone Resources, and further progress towards outlining our Dalafin gold discovery in Senegal, and in order to maintain a high level of incentive, the following share options were issued on 5th December 2014 with an exercise price of 2.72p per share, being the closing price on that day, and will vest over three years:


Christopher Hall                            750,000

Dr Robert Foster                        1,125,000

Perry Ashwood                          1,025,000

John Cole-Baker                           750,000

Peter Addison                               750,000


In addition, 1,500,000 share options have been awarded to Emma Priestley on her appointment to the Board. These will vest over three years at an exercise price of 2.72p per share.

All the above options have been issued under the Company’s EMI Share Option Scheme. The Company’s Unapproved Share Options scheme has now been closed for UK resident employees and the share options previously issued to Dr Robert Foster and Perry Ashwood under this Scheme and not yet exercised have been cancelled. These amounted to 1,332,027 and 1,056,290 respectively.

The total unexercised share options now awarded to the Directors under the EMI scheme is as follow:


Christopher Hall                         3,000,000

Dr Robert Foster                        5,003,577

Perry Ashwood                          4,723,567

John Cole-Baker                           750,000

Emma Priestley                          1,500,000

Peter Addison                            3,000,000


No share options are held by the Directors under the Unapproved Share Option Scheme.

The total number of share options outstanding at 8th December is 22,797,144.


* * ENDS * *

For further information please visit, email [email protected], or contact:


Stratex International Plc

Tel: +44 (0)20 7830 9650


Christopher Hall / Bob Foster / Claire Bay



Grant Thornton UK LLP

Tel: +44 (0)20 7383 5100


Philip Secrett / Melanie Frean / Jen Clarke




Northland Capital Partners Limited

Tel: +44 (0)20 7382 1100



Gavin Burnell / Matthew Johnson / Alice Lane /John Howes




SP Angel Corporate Finance LLP

Tel: +44 (0)20 3463 2260



Ewan Leggat / Tercel Moore




Yellow Jersey PR Limited

Tel: +44 (0)20 3664 4087


Dominic Barretto / Philip Ranger / Anna Legge




Notes to Editors:

Stratex International is a well-funded AIM-quoted exploration and development company focussed on gold and high-value base metals in Turkey, East Africa and West Africa. Since listing on AIM in 2006, Stratex has had an impressive track record of successful exploration supported by joint-venture partnerships, both with major international mining companies and local companies to maximise the potential of its discoveries.

In December 2012 the Company announced the sale of its 30% interest in the Öksüt gold project for cash of 20 times its original US$1 million investment and retained a royalty of 1% up to a maximum additional value of US$20 million.

To date Stratex has discovered more than 2.2 million ounces of gold and 7.9 million ounces of silver, as well as 186,000 tonnes of copper. The Company has a robust cash balance and is therefore well-placed to advance its existing exploration programmes and is also actively seeking to acquire advanced projects that are at the drill-ready stage or even have identified resources, particularly in East Africa and West Africa.

Altintepe mine sale sees Stratex International post interim profit

Marcus Engelbrech, chief executive of Stratex International plc ( LON:STI ) discusses with Pro...

Stratex International results chart a period of transformation for the gold exploration group

There has been significant activity across the reporting period with the sale of our Altıntepe inves...

Stratex agrees sale of Brazil iron ore mine

The consideration will be paid over a 17-month period

Stratex aligns previous Crusader agreements with new merged entity

As the Scheme of Arrangement falls into place, Stratex is aligning old Crusader arrangements with th...

Crusader updates resource estimates of Brazil project as part of merger with Stratex

Stratex International has proposed a reverse takeover of Crusader Resources

designed and produced by