Amedeo Resources PLC Issue of Warrants and Directors' Dealings (4349H)
March 13 2015 - 11:26AM
UK Regulatory
TIDMAMED
RNS Number : 4349H
Amedeo Resources PLC
13 March 2015
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
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