Discovery Metals Limited: Directors' Shareholding
October 24 2011 - 4:01AM
UK Regulatory
TIDMDME
AIM RELEASE
24 October 2011
Director's Shareholding
Mr Gordon Galt
Discovery Metals Limited ("Company") was informed today that on 24 October 2011
Mr Gordon Galt, non-executive Chairman transferred off-market 1,100,000 ordinary
shares between his personal accounts.
Accordingly, following the transfer of shares described above, Mr Galt holds the
following interests in the Company:
* 2,256,236 ordinary shares in the Company, which represents approximately
0.51 per cent of the issued share capital of the Company; and
* 1,500,000 ordinary shares in the Company pursuant to the Company's Employee
and Directors Share Plan (which was approved by shareholders at a general
meeting on 24 February 2010), the issue of which are subject to certain
vesting conditions.
Mr Morrice Cordiner
Discovery Metals Limited ("Company") was informed today that on 24 October 2011
Morrice Cordiner, a non-executive Director transferred off-market 250,000
ordinary between his personal accounts.
Accordingly, following the transfer of shares described above, Mr Cordiner holds
the following interests in the Company:
* 305,000 ordinary shares in the Company, which represents approximately 0.07
per cent of the issued share capital of the Company;
* 750,000 ordinary shares in the Company pursuant to the Company's Employee
and Directors Share Plan (which was approved by shareholders at a general
meeting on 24 February 2010), the issue of which are subject to certain
vesting conditions; and
* 1,000,000 unquoted options exercisable at $0.35 and expiring 12 December
2011.
Mr Ribson Champion Gabonowe
Discovery Metals Limited ("Company") was informed that Ribson Gabonowe, a non-
executive Director acquired 3,694 shares in the company prior to Mr Gabonowe
becoming a director of the Company in 2007. Due to an administrative error and
the securities being held by Botswana stockbrokers, this disclosure has not
previously been made to the market.
Accordingly, following the above reconciliation, Mr Gabonowe holds the following
interests in the Company:
* 703,694 ordinary shares in the Company, which represents approximately 0.16
per cent of the issued share capital of the Company; and
* 750,000 ordinary shares in the Company pursuant to the Company's Employee
and Directors Share Plan (which was approved by shareholders at a general
meeting on 24 February 2010), the issue of which are subject to certain
vesting conditions.
For further information contact:
Discovery Metals Limited
Brad Sampson
Managing Director
Tel: +617 3218 0222
Fairfax I.S. PLC
Ewan Leggat / Laura Littley
Tel: +44 (0)20 7598 5368
Tavistock
Jos Simson/Emily Fenton
Tel: +44 (0) 207 9203150
Mobile: +44 (0)7899 870 450
Further information on the Company is available on its website:
www.discoverymetals.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Discovery Metals Limited via Thomson Reuters ONE
[HUG#1557175]
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