?Resolution 4 - Adoption of Option Incentive Plan The Directors...

?Resolution 4 - Adoption of Option Incentive Plan The Directors considered that it was desirable to establish an option plan under which employees may be offered the opportunity to subscribe for options to acquire Shares in the Company in order to increase the range of potential incentives available to them and to strengthen the links between the Company and its employees and contractors?

Good to see the incentive plan is for ?employees? only of KEY. Whilst the directors will oversee the scheme, shareholder approval will be required before any Directors or related parties of the Company can participate in the Option Incentive Plan.

For those who thought the directors are just in it for themselves, you should get some comfort with this announcement, bearing in mind there is 5,750,000 director options which will expire worthless on November 30, 2010.

IMO, the board have quite rightly decided that further options to directors at this time is not appropriate, until they deliver on their objectives. As such, they have devoted this incentive plan solely for their employees

Cheers
R