Scotgold Resources Ltd Director Dealing (9862T)
April 04 2016 - 2:00AM
UK Regulatory
TIDMSGZ
RNS Number : 9862T
Scotgold Resources Ltd
03 April 2016
Scotgold Resources Limited
("Scotgold" or the "Company")
Director Dealing
The Company announces that on 22 March, Nathaniel Le Roux,
Non-Executive Chairman of the Company, was issued 56,846,154
unquoted options over ordinary shares in the Company, exercisable
at A$0.012 at any time prior to 31 March 2016. These options were
issued as a condition of the issue of shares following the partial
exercise of a convertible note. The convertible note and resulting
issue of shares and attaching options were approved by shareholders
at a general meeting on 30 July 2014.
On or about 30 March 2016, Mr Le Roux sold 20,593,750 of the
56,846,154 unexercised options for consideration of 0.01 pence per
option, including 1,000,000 to Mr Richard Gray, Managing Director
and CEO of the Company. The remainder of the options issued to Mr
Le Roux have now expired, unexercised.
The 20,593,750 options were exercised prior to expiry and the
shares are expected to be issued on or before 14 April 2016.
Application will be made for the ordinary shares the subject of the
exercise to be admitted to trading on AiM and admission is expected
on or before 20 April 2016.
The interests of Mr Le Roux and Mr Gray following the
transaction are as follows:
Ordinary % Issued Options
Shares Share Capital
Nathaniel
Le Roux 576,120,806 40.08% 45,656,433*
Richard Gray 4,204,240 0.29% 291,294*
*-Expring 30/09/2017 and exercisable at GBP0.01
Following admission of the 20,593,750 new shares, the Company's
enlarged issued share capital will comprise 1,437,327,443 shares,
with voting rights. The Company does not hold any Shares in
treasury, therefore the total number of shares in the Company with
voting rights will be 1,437,327,443.
Scotgold Resources Stockdale Securities Capital Markets Vicarage Capital
Limited Limited Consultants Limited
------------------- --------------------- ----------------- -----------------
Richard Gray Robert Finlay Simon Rothschild Rupert Williams
- CEO /
Alastair Stratton
/
Ed Thomas
------------------- --------------------- ----------------- -----------------
Tel: +44 (0)1838 Tel: +44 (0)20 Tel +44 (0)7703 Tel: +44 (0)20
400 7601 6100 167 3651
306 065 2911
------------------- --------------------- ----------------- -----------------
For further information please contact:
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSLFFLLSLIVIIR
(END) Dow Jones Newswires
April 04, 2016 02:00 ET (06:00 GMT)
Scotgold Resources (LSE:SGZ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Scotgold Resources (LSE:SGZ)
Historical Stock Chart
From Jul 2023 to Jul 2024