21st Apr 2006 12:12
Tanzanite One Limited21 April 2006 Tanzanite One Limited ("TanzaniteOne" or "the Company") Change in Director's Interest TanzaniteOne advises that Mr Mark Summers, a director, today sold 70,000 sharesin the Company to fund the exercise of 106,790 options into TanzaniteOne shares.Following completion of the above, Mr Summers will increase his interests inTanzaniteOne held indirectly via Tanzanite One (SA) Ltd from 180,543 to 217,333shares. The increase reflects 106,790 new shares to be issued following theexercise of 106,790 unlisted options and a sale of 70,000 shares to providefunding for the exercise of the options and associated taxes. The options are expected to be exercised on 22 April 2006. Further details ofthese transactions are set out below: Director No. of Exercise Shares Sale Resultant % options to price sold price shareholding issued be exercised class Mark Summers 106,790 48.6p 70,000 204p 217,333 0.3% Application will be made for a total of 106,790 new common shares to be admittedto trading on the AIM Market of London Stock Exchange plc following the exerciseof these options. The new common shares will rank pari passu with the existing common shares anddealings are expected to commence in the new common shares at 8.00 a.m. on 27April 2006. For further information please contact: Tanzanite One Limited Tanzanite One (SA) LimitedWilli Boehm Mark Summers+61 40 996 9955 +27 11 214 1000 or visit: www.tanzaniteone.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
RLD.L