31st Mar 2014 14:32
LONDON (Alliance News) - Stratmin Global Resources PLC Monday said it has issued 1.5 million shares to directors, including Managing Director Manoli Yannaghas and non-executive directors Jeffrey Marvin and David Premraj in lieu of unpaid salary and fees, as shown below:
Director | Number of new Ordinary Shares to be issued | Total shareholding following the issue of the new Ordinary Shares | Total shareholding as a % of issued share capital following the issue of the new Ordinary Shares | Total option / warrant holding in the Company | ||||
Jeffrey Marvin | 916,667 | 916,667 | 0.91% | 479,040 | ||||
David Premraj | 305,556 | 305,556 | 0.30% | nil | ||||
Manoli Yannaghas | 268,667 | 306,167 | 0.30% | 2,250,000 | ||||
The graphite production and exploration company said it has also issued a total of 1.5 million shares to consultants and contractors.
Stratmin shares were down 1.5% to 8.50 pence Monday.
By Tom McIvor; [email protected]; @TomMcIvor1
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