Press releases

MDM project pipeline shift

Issue of Share Options to a Director

30 March 2011

MDM Engineering Group Limited (“MDM” or the “Company”) announces that it has issued 50,000 share options (the “Options”) to the Company’s Chief Executive, Martin Smith. The Options have an exercise price of 107 pence per share and will vest in three equal tranches on 15 March 2012, 15 March 2013 and 15 March 2014. The expiry date for the Options is 15 March 2016. The Options were issued in accordance with the terms of Martin Smith’s contract of employment which commenced on 15 March 2010.

Key Information:

MDM Engineering Group Limited is a minerals process and project management company focused on the mining industry. The Company provides a wide range of services from preliminary and final feasibility studies, through to plant design, construction and commissioning. To date, the Company's clients have largely been junior and mid-tier mining corporations with operations in Africa.

The MDM Engineering core technical team has a 23 year track record of completing a wide range of studies and execution projects across a variety of minerals, including precious metals, base metals, ferrous and non-ferrous metals, uranium and diamonds.

The Company has adopted an approach to project execution based on an open-book Engineering, Procurement, Construction Management ("EPCM" or ";cost-plus") basis. With a core focus on Africa, MDM Engineering is setting the benchmark standard for best practice in the mining services industry through its commitment to providing the highest quality services and actively engaging with clients to ensure maximum transparency.

Enquiries:

MDM Engineering Group Limited

Martin Smith (CEO)
George Bennett (Executive Director)
Dominique de la Roche (Finance Director)
Tel: +27 (0) 11 993 4300

Collins Stewart Europe Limited

Adrian Hadden
John Prior
Tel: +44 (0)20 7523 8350

 

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