14th Sep 2007 17:30
Ovoca Gold PLC14 September 2007 Ovoca Gold PLC ("Ovoca" or the "Company") Issue of Consideration Shares Further to the announcement on 13 September 2007, an application has been madeto the London Stock Exchange and the Irish Stock Exchange for 43,007,250ordinary shares of €0.025 each in the issued share capital of the Company ('Ordinary Shares') to be admitted to trading on the AIM and IEX marketsrespectively, with dealing expected to commence on 20 September 2007. TheseOrdinary Shares have been allotted to a number of shareholders of CJSCProspectors Artel Ayax pursuant to the exercise of the Option Agreement, asdefined in the circular distributed to shareholders on 18 May 2006 (the 'OptionAgreement'). As part of this issue, certain directors of the Company willreceive Ordinary Shares. The number of Ordinary Shares being allotted to themand their resultant shareholdings in the Company are as follows: No. Ordinary Resultant Resultant Shares Allotted Holding %Leonid Pavlovich Skoptsov 8,270,625 8,270,625 2.29Yuri Ivanovich Radchenko 8,270,625 8,270,625 2.29 Salyco Trading Co. Limited (1) 14,334,375 61,687,718 17.09Subishico Trading Co (2) 6,063,750 29,692,293 8.23Pickco Trading Co. Limited (3) 6,067,875 45,710,533 12.67 (1) Mikhail Alexandrovich Mogutov is the beneficial shareholder of SalycoTrading Co. Limited. (2) The Saint George Trust, of which Leonid Pavlovich Skoptsov is a directoron the board of trustees and beneficial owner of, is the beneficial shareholderin Subishico Trading Co Limited. (3) Yuri Ivanovich Radchenko is the shareholder of Pickco Trading Co. Limited. At an extraordinary general meeting of the Company held on 7 June 2006, amajority of independent shareholders approved, inter alia, the increase in thepercentage of the issued share capital of the Company owned or controlled by theabove mentioned directors and their concert parties pursuant to the OptionAgreement, without triggering an obligation under the Irish Takeover Rules tomake a general offer for the balance of the issued share capital of the Company. About Ovoca Gold plc: Ovoca Gold Plc is an international exploration company quoted in London (OVG.L)and Dublin (OVX.IR), exploring for precious and base metals in Russia andSweden. For further information, www.ovocagold.com or contact: John O'Connor - Company Secretary, Ovoca Gold plcTel: +353 (0)1 6330523Email: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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