Frontier Resources International plc
LSE : FRGP

October 15, 2010 04:39 ET

Directors' Interests and Issue of shares

                                                                                                     15/10/2010
                                                                                                   GB00B3K9ML24
                                     Frontier Resources International Plc
                                       ("Frontier" or the "Company")
                                                       
                                   Directors' Interests and Issue of shares
                                                       
The  Directors  of  Frontier (PLUS-quoted ticker "FRGP") announce that the Company  has  granted  options  over
7,250,000 ordinary shares.

Of  these  options, John O'Donovan, a Director of the Company, has been granted options over 3,000,000  shares,
Joseph  Warren, Chairman of the Company, options over 750,000 shares and Michael("Jack")Keyes, Chief  Executive
Officer of the Company, options over 750,000 shares. These options are exercisable at a price of 5.5 pence  per
ordinary  share. The Director's options are exercisable for a period of ten years from the date  of  grant  and
further terms are set out below:

John O'Donovan:                   1,000,000 vest at the end of year 1
                                  1,000,000 vest at the end of year 2
                                  1,000,000 vest at the end of year 3

Should Mr. O'Donovan cease to be a director of the Company for any reason during the vesting period (3 years)
then those options that have vested, if any, must be exercised within 6 months of his departure and any options
not vested are cancelled.

Joseph Warren:                    750,000 to vest at the end of year 1

Michael ("Jack") Keyes:           250,000 to vest at the end of year 1
                                  250,000 to vest at the end of year 2
                                  250,000 to vest at the end of year 3

The  Company  has  also issued 250,000 ordinary shares at a price of 5.5 pence per share to  an  individual  as
payment for his services to the Company. These shares rank pari passu with the existing ordinary shares in  the
Company.

In  accordance with the FSA's Disclosure and Transparency Rules, the Board of Frontier confirms that as  at  13
October 2010, there are 61,764,306 Ordinary Shares in issue of which the Directors are interested in 25,983,988
shares, which represents 42.07% of the issued share capital.


The Directors of Frontier are responsible for the contents of this announcement.

Company:
Frontier Resources International Plc
Mr Jack Keyes
Telephone: +1 (281) 920 0061

Corporate Advisers
St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl
Telephone: +44 20 7368 6959



Contact Information

  • Frontier Resources International plc