13th Jul 2012 10:10
13 July 2012
W Resources Plc
("W" or the "Company")
Issue of Equity
W Resources Plc (AIM:WRES), announces that application has been made for 14,000,000 ordinary shares of 0.1p per share ("Ordinary Shares") at 0.325p per Ordinary Share to be admitted to trading on the AIM market of the London Stock Exchange.
The new Ordinary Shares are being issued to contractors and employees in respect of performance and services rendered for the Company in 2011. The Company operates a policy of incentivising and rewarding its employees and third-party contractors through the occasional issue of equity.
Application has been made for the new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 18 July 2012.
Following the Placing, the Company will have 1,387,187,580 Ordinary Shares in issue.
Enquiries:
W Resources Plc | Grant Thornton Corporate Finance |
Michael Masterman | Gerry Beaney / Melanie Frean / Jen Clarke |
T: +44 (0) 20 7193 7463 | T: +44 (0) 20 7383 5100 |
www.wresources.co.uk
| |
Simple Investments | Gable Communications |
Andy Thacker / Nick Emerson | Justine James |
T: +44 (0) 1483 413500 | T: +44 (0) 20 7193 7463 |
www.simple-investments.co.uk | M: +44 (0) 7525 324431 |
Related Shares:
WRES.L