Gippsland Limited: Grant of Options | Company Announcements

Monday 01 December, 2008

Gippsland Limited

Grant of Options

RNS Number : 2721J

Gippsland Limited

01 December 2008

Gippsland Limited ('the Company')

ISSUE OF OPTIONS

The Company announces that on 1 December 2008 it issued 17,000,000 unlisted options over new ordinary shares to a number of Directors and Executives of the Company. The options have been granted as follows at an exercise price of A$0.15 per share, exercisable on or before 31 May 2012.

Name	Options Granted	Total Options Held
Robert John Telford	5,000,000	5,000,000
John M Chisholm	3,000,000	3,000,000
John SF Dunlop	2,000,000	2,000,000
Jon Starink	2,000,000	2,000,000
John D Kenny	1,000,000	1,000,000
Rowan S Caren	1,000,000	1,000,000
Steven JM Chadwick	2,000,000	2,000,000
Ayman Ayyash	1,000,000	1,000,000

For further information please contact:

Jack Telford, Gippsland Limited +61 8 9340 6000

Nandita Sahgal, Seymour Pierce Limited +44 20 7107 8000

This information is provided by RNS

The company news service from the London Stock Exchange

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