Amedeo Resources PLC Issue of Warrants and Directors' Dealings (4349H)

TIDMAMED

RNS Number : 4349H

Amedeo Resources PLC

13 March 2015

Amedeo Resources Plc

("the Company")

Issue of Warrants and Directors' Dealings

The Company announces that on 12 March the Company granted warrants to subscribe for new ordinary shares of 0.01p in the Company ("Ordinary Shares") to Mr Glen Lau, CEO of the Company, as set out below ("Warrants").

 
 Number of Warrants   Exercise   Expiration Date 
                        Price 
-------------------  ---------  ---------------- 
    260,721,118         1.0p      11 March 2025 
-------------------  ---------  ----------------

The Warrants have time and share price performance vesting conditions.

In addition to the 25,000,000 warrants held by Fulton Capital Management Limited, a company of which Mr Lau is a director, the new grant takes Mr Lau's warrant position to 285,721,118 warrants, representing 7.5% of the fully diluted outstanding ordinary shares of the Company.

The Company's policy is to align directors' interests with those of shareholders by remunerating primarily with performance related equity instruments while keeping cash remuneration low.

ENDS

For further information please visit www.amedeoresources.com or contact:

Enquiries:

 
Glen Lau                       Zafar Karim 
 Chief Executive Officer        Executive Director 
 Amedeo Resources Plc           Amedeo Resources Plc 
 Tel office: +44 20 7583 8304   Tel office: +44 20 7583 8304 
 
 
Paul Shackleton /Andrew Kitchingman  Saif Janjua 
 Nominated Adviser & Broker           Joint Broker 
 WH Ireland                           Beaufort Securities Limited 
 Tel office: +44 113 394 6600         Tel office: +44 20 7382 8300

Notes

Amedeo Resources plc is an investment company whose policy is to invest principally, but not exclusively, in the resources and resources infrastructure and asset sectors. Amedeo has a deep and broad global network and wide contact base in these sectors, including in East and South East Asia and the Middle East which it leverages to source and make investments. These sectors exhibit high growth and are strategically important. Amedeo is a proactive investor which assists its investee companies to grow by providing investment, expertise and contacts.

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSUOUVRVUAOAAR

Amedeo Res (LSE:AMED)
Historical Stock Chart
From Oct 2024 to Nov 2024