23rd Sep 2014 16:59
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 |
Related Shares:
FML.L