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PERSEUS MINING LIMITED — Capital/Financing Update 2014
Jan 28, 2014
46513_rns_2014-01-28_9ae54ca2-4953-4472-912d-58beb305dfe6.pdf
Capital/Financing Update
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MARKET RELEASE
29 January 2014
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ISSUE OF PERFORMANCE RIGHTS
Perseus Mining Limited (ASX/TSX: PRU) advises that 5,250,000 performance rights have been issued to eligible staff under the terms and conditions of the Company’s Performance Rights Plan which was approved by shareholders in November 2012. The Company also intends, subject to shareholder approval, to issue 725,000 performance rights to its Managing Director Jeff Quartermaine and 400,000 performance rights to Executive Director Colin Carson. The issue of performance rights to Messrs Quartermaine and Carson will be put to shareholders for approval at the Company’s next General Meeting.
Vesting criteria for the performance rights include achievement by the Company of a more than average total shareholder return (TSR) compared to a peer group (with 100% of rights vesting if the Company’s TSR is above the 75[th] percentile and 25-50% vesting if the Company’s TSR is between the 50[th] and the 75[th] percentile) as well as achievement by the individual of his or her personal key performance indicators during the vesting period. Half of each individual’s performance rights have a vesting period of 18 months and the other half of three years from 1 January 2014.
Reginald Gillard Chairman
To discuss any aspect of this announcement, please contact:
Managing Director: Jeff Quartermaine at telephone +61 8 6144 1700 or email [email protected] (Perth);
Investor Relations: Nathan Ryan at telephone +61 (0) 420 582 887 or email [email protected] (Australia); or
Perseus Mining Limited ABN 27 106 808 986 Level 2, 437 Roberts Road Subiaco WA 6008 Telephone: +61 8 6144 1700 Email: [email protected]
PO Box 1578 Subiaco WA 6008 Facsimile: +61 8 6144 1799 Website: www.perseusmining.com