Toledo Mining Corporation PLC Toledo Mining Corporation Plc : Director Remuneration Disclosure


 
TIDMTMC 
 
 
 
 
 
 
   15 April 2013 
 
   Toledo Mining Corporation plc 
 
   ("Toledo" or the "Company") (AIM:TMC) 
 
   Director Remuneration Disclosure 
 
   As disclosed in the Response Circular published on 19 March 2013, 
Toledo's Remuneration Committee approved the conditional issue of a cash 
bonus to Mr Victor Kolesnikov on 31 October 2012. The cash bonus would 
become payable in the event of a change of control (as defined in the 
City Code on Takeovers and Mergers) of the Company but would be 
forfeited by Mr Kolesnikov in the event that the Company awarded options 
to Mr Kolesnikov on the same terms before a change of control occured. 
The bonus is calculated by reference to the differential between the 
Offer price and unit strike prices (agreed at various premiums to the 
closing share price on 30 October 2012) and any offer price as set out 
below: 
 
 
 
 
Basis units  Strike Price 
425,000          37.950 p 
400,000          39.675 p 
400,000          41.400 p 
 
 
 
   As no options were granted to Mr Kolesnikov since 31 October 2012, a 
cash bonus of GBP126,912.50 crystallised when DMCI Mining Corporation's 
interest in voting rights increased from 17.0 per cent. to 37.7 per 
cent. 
 
   For further information, please visit www.toledomining.com or contact: 
 
   Victor Kolesnikov, CEO, Toledo Mining Corporation 
 
   +44 (0) 20 7290 3100 
 
   Richard Morrison / Jen Boorer, RFC Ambrian Ltd 
 
   +44 (0) 20 3440 6800 
 
   Anthony Shewell, Fin Public Relations 
 
   +44 (0) 20 7608 2280 
 
   Carina Corbett, 4C Communications Ltd 
 
   +44 (0) 20 3170 7973 
 
   This announcement is distributed by Thomson Reuters on behalf of Thomson 
Reuters clients. 
 
   The owner of this announcement warrants that: 
 
   (i) the releases contained herein are protected by copyright and other 
applicable laws; and 
 
   (ii) they are solely responsible for the content, accuracy and 
originality of the 
 
   information contained therein. 
 
   Source: Toledo Mining Corporation PLC via Thomson Reuters ONE 
 
   HUG#1692914 
 
 
  http://www.toledomining.com/

Toledo Mining (LSE:TMC)
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