TIDMNEOS

RNS Number : 8392I

Neos Resources PLC

31 July 2012

NEOS Resources plc (the "Company")

Director granted options under the NEOS Share Option Plan

The Company announces that on 30 July 2012, Steven Rudofsky, a Director of the Company, was granted an option to subscribe for 8,915,761 ordinary shares of 1 pence each in the Company at an exercise price of 2.6 pence per share.

The option will vest in three equal tranches; the first tranche of 2,971,920 shares with effect from today, the second tranche of 2,971,920 shares with effect from 31 October 2013 and the third tranche of 2,971,921 shares with effect from 31 October 2014. Vesting of the second tranche is conditional upon the Company's share price exceeding 3.1 pence per share for a continuous period of 30 days from 31 October 2011 to 30 October 2012, or satisfaction of the third tranche condition. Vesting of the third tranche is conditional upon the Company's share price exceeding 3.9 pence per share for a continuous period of 30 days from 31 October 2012 to 30 October 2013. Each of the options remains exercisable until the tenth anniversary of grant.

Mr Rudofsky's interest in the Company comprises his options over 8,915,761 shares.

Enquiries:

NEOS Resources plc

      Graham Woolfman          +44 (0) 20 7499 5626

WH Ireland

      Chris Fielding                  +44 (0) 20 7220 1666

This information is provided by RNS

The company news service from the London Stock Exchange

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