4th Oct 2013 07:00
Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company
Armadale Capital Plc (“the Company”)
Grant of Options
The Company announces that on 1 October 2013, the board resolved to grant the following options (“Options”) over ordinary shares of 0.01p each in the capital of the Company (“Ordinary Shares”) to directors of and consultants to the Company:
| Name | No of Options | ||||||
| Peter Marks | 50,000,000 | ||||||
| Justin Lewis | 50,000,000 | ||||||
| Consultants | 40,000,000 | ||||||
The Options have an exercise price of 0.1p per Ordinary Share and are exercisable (in whole or in part) at any time up to the tenth anniversary of the date of grant after which the Options will lapse.
Following this grant, the directors of the Company hold the following Options and Ordinary Shares in the Company:
| Name | No of Options | No of Ordinary Shares | Percentage of Voting Rights currently held | ||||||||||
| Peter Marks | 50,000,000 | 41,695,400 | 1.70% | ||||||||||
| Justin Lewis | 50,000,000 | 60,000,000 | 2.45% |
The Company now has a total of 143,000,000 outstanding options over Ordinary Shares representing 5.84% per cent. of the total current issued share capital of the Company.
Enquiries:
| Company | ||||
| Peter Marks, Chairman | +44 207 233 1462 | |||
| Charles Zorab, Investor Relations | ||||
| Nomad and broker: finnCap Limited | ||||
| Stuart Andrews/Christopher Raggett | +44 207 220 0500 | |||
| Press relations: St Brides Media & Finance Ltd. | ||||
| Susie Geliher/Charlotte Heap | +44 207 236 1177 |
Notes
Armadale Capital Plc is focussed on investing in and developing a portfolio of investments, targeting the natural resources and/or infrastructure sectors. The Company, led by a team with operational experience and a strong track record in Africa, has a strategy of identifying high growth potential businesses where it can take an active role in their advancement.
Armadale currently holds approximately a 40% interest in Mine Restoration Investments Ltd, a South African listed company, which aims to develop profitable operations within the South African mining industry through its coal briquetting operation in KwaZulu Natal and acid mine drainage project in the Witwatersrand basins. It has recently taken 15% of the shares in a company which holds an 80% stake in the Mpokoto Gold project in the Democratic Republic of the Congo, with agreements which could lead to the holding increasing to 90%. This is a gold deposit with 380,000 oz of JORC defined gold resource.
More information can be found on the website www.armadalecapitalplc.com.
Copyright Business Wire 2013
Related Shares:
Armadale Capital