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Issue of Equity and Directors' Shareholdings

10th Sep 2014 07:00

RNS Number : 2419R
EMED Mining Public Limited
10 September 2014
 



 

10 September 2014

AIM: EMED

 

TSX: EMD

EMED Mining PLC

 

("EMED Mining", "EMED" or the "Company")

 

Issue of Equity and Directors' Shareholdings

 

EMED Mining Public Limited ("EMED Mining" or the "Company"), the Europe-based minerals development and exploration company, announces the issue of 4,000,000 ordinary shares of 0.25 pence each ("New Ordinary Shares").

 

As announced at the time of their appointment on 20 March 2014, Mr Isaac Querub and Mr Alberto Lavandeira will each be issued two million ordinary shares in the Company at par (0.25 pence per share) representing 0.14 per cent. of the issued share capital of the Company. These shares will be held in escrow and released to Mr Querub and Mr Lavandeira once they have been employed by the Company for two years or if their service agreements are terminated for certain specified reasons. Shareholder approval for the above issues of shares was obtained at the Company's Annual General Meeting held in June 2014.

 

Following the issue of the New Ordinary Shares Mr Querub and Mr Lavandeira hold the following interests in the share capital of the Company:

 

Number of Ordinary Shares Beneficially Owned

% of Company's Issued Share Capital

Restricted shares held in escrow

Share Options

I Querub

-

-

2,000,000

6,000,000

A Lavandeira

1,000,000

0.07

2,000,000

6,000,000

 

Application has been made for the New Ordinary Shares to be admitted to trading on AIM with admission expected to take place on or about 15 September 2014. The New Ordinary Shares will rank pari pasu in all respects with all existing ordinary shares in the Company.

 

Following admission of the Ordinary Shares, the Company's enlarged issued share capital will comprise 1,439,865,948 ordinary shares with voting rights.

Enquiries

EMED Mining Isaac Querub/Alberto Lavandeira +34 959 59 28 50Canaccord Genuity Neil Eliot /Mark Palmer +44 207 523 8000Fox-Davies Capital Oliver Stansfield +44 203 463 5061Walbrook PR Nick Rome +44 207 933 8783

For further information on the Company's activities, visit www.emed-mining.com.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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