Amedeo Resources PLC Director Dealings (0931I)
March 20 2015 - 11:59AM
UK Regulatory
TIDMAMED
RNS Number : 0931I
Amedeo Resources PLC
20 March 2015
Amedeo Resources Plc
("the Company")
Director Dealings
The Company announces that on 19 March, Zafarullah Karim
purchased existing warrants from a third party to subscribe for new
ordinary shares of 0.01p in the Company ("Ordinary Shares") for a
consideration of GBP20,000 in cash as set out below
("Warrants").
Number of Warrants Exercise Price Expiration Date
------------------- --------------- ----------------
33,315,774 1.0p 31 Jan 2025
------------------- --------------- ----------------
The Warrants, which are transferrable, can be exercised at 1.0p
only after certain share price performance conditions have been met
and certain time periods have elapsed.
In addition to the 109,544,785 warrants held by Zafarullah
Karim, the purchase takes Mr Karim's warrant position to
142,860,559 warrants, representing 3.7% of the fully diluted
outstanding ordinary shares of the Company.
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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