5th Mar 2007 10:42
Chaco Resources PLC05 March 2007 Chaco Resources plc ("Chaco" or "the Company") Director/PDMR Shareholding The Board of Chaco Resources plc has today been notified by Graeme Stephens,Technical Director, that he wishes to exercise his options over 2,500,000ordinary shares in the Company. The exercise price is 3.00 pence per share on1.5 million of these shares and 6.86 pence per share on the remaining onemillion shares. In addition, Mr Stephens has today sold 2,500,000 shares at12.50 pence per share to the Superannuation Fund of himself and his wife. Thereis no change to the ultimate beneficial ownership of these shares. The Company has also today been notified that Douglas Jendry, non-ExecutiveDirector, wishes to exercise options over 1,000,000 ordinary shares at a priceof 3.50 pence per share. The Company has issued and allotted 3.5 million new ordinary shares in respectof the above and applied for them to be admitted and trading on AIM. Followingtheir admission, which is expected to be on 9 March 2007, the Company's issuedshare capital will be 555,434,554 shares of 0.1 pence per share. Mr Stephens isinterested in 2,625,000 shares representing 0.47% of the Company's issued sharecapital. Mr Jendry is interested in 3,000,000 shares representing 0.54% of theCompany's issued share capital. For further information contact: Nicola Brookes, Finance DirectorChaco Resources plc Tel: 01494 431 195 Lindsa MairDaniel Stewart & Co plc Tel: 020 7776 6550 Clare IrvineParkgreen Communications Tel: 020 7851 7480 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AMER.L