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Issue of Equity

23rd Sep 2014 16:59

RNS Number : 4233S
Frontier Mining Ltd
23 September 2014
 



FRONTIER MINING LTD

("Frontier" or "the Company")

 

Issue of Equity

 

Frontier Mining (AIM:FML), the AIM listed Copper production, exploration and development company focused on Kazakhstan, announces that it has today issued 15,843,295 new ordinary shares of a nominal value of US$0.01 each in Frontier ("Ordinary Shares") as incentive payments to senior management in Frontier.

 

Application has been made for the 15,843,295 new Ordinary Shares to be admitted to trading on AIM. Admission is expected to occur at 8.00 a.m. on 26 September 2014. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. Following the issue of the new Ordinary Shares as outlined above, there will be 1,876,757,268 Ordinary Shares in issue. This number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

 

As a consequence, the following Ordinary Shares have been issued to the Directors of Frontier:

 

Director

Number of Ordinary Shares

Resultant interest in Ordinary Shares

Resultant percentage interest in enlarged share capital

Yerlan Aliyev (1)

1,124,742

259,808,409

13.84%

Randy Eppler

1,124,742

2,624,742

0.14%

Boyd Bishop

1,124,742

1,912,302

0.10%

Yerbulat Tastanov

674,283

674,283

0.04%

 

(1) includes Mr Aliyev's 33% ownership of Coville Intercorp Ltd, which holds 771,215,000 Ordinary Shares in the Company.

 

-ENDS-

 

Frontier Mining Ltd

Yerlan Minavar

Tel: +44 20 7898 9019

 

Nomad

Cairn Financial Advisers LLP

Sandy Jamieson

Tel: +44 20 7148 7900

 

Broker

RFC Ambrian

John Harrison

Stefan Murphy

 

Tel: +44 20 3440 6800

Walbrook PR and IR

Paul Cornelius

Tel: +44 20 7933 8780

Guy McDougall

 

 

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