Exercise of Options and Dealings by Directors
April 13 2010 - 1:00AM
UK Regulatory
TIDMEML
13 April 2010
EMERGING METALS LIMITED
("EML" or the "Company")
Exercise of Options
Dealings by Directors/Holdings in Company
Following the announcement on 26 March 2010 of the proposed disposal of its
remaining 8,917,647 shares in Kalahari Minerals plc ("KAH Shares") at a price
of 185p per KAH Share and the convening of the requisite Meeting of
Shareholders by a notice of meeting dated 1 April 2010, the Company is pleased
to announce that it has received exercise notices and payment in respect of all
20,858,002 outstanding 5p options and has accordingly issued 20,858,002 new
ordinary shares of nil par value for a total consideration of GBP1,042,900.
Application will be made for the new ordinary shares, which rank pari passu in
all respects with the Company's existing ordinary shares (including the right
to the Special Dividend of 2.53 pence or 7.13 pence per share, depending upon
the result of the Meeting of Shareholders) to be admitted to trading on AIM
which is expected to occur on 16 April 2010. Following the issue, the Company's
total issued ordinary share capital will be 351,617,302 Ordinary Shares.
Included in the above were options exercised by or on behalf of the following
directors:
Name Number of Resultant holding of Percentage of
options Ordinary Shares enlarged share
capital
Mitch Alland 477,364 3,977,364 1.13%
Denham Eke 204,585 2,250,432 0.64%
Patrick Weller 1,004,585 3,550,432 1.01%
Steve Dattels* 1,109,457 20,901,961 5.94%
James Mellon** 1,009,457 29,215,141 8.31%
* - Stephen Dattels' entire shareholding is held by Yvoire Investments Limited,
which is beneficially owned by Stephen Dattels.
** - Jim Mellon's entire shareholding is held by Galloway Limited, a company
which is indirectly wholly owned by the trustee of a settlement under which Jim
Mellon has a life interest.
ENQUIRIES:
Emerging Metals Religare Capital Fox-Davies GTH Communications
Limited Markets Capital Limited
Denham Eke Toby Howell Daniel Fox-Davies Toby Hall
+44 (0) 1624 Peter +44 (0) 20 7936 +44 (0) 20 3103 3900
639396 Trevelyan-Clark 5200
+44 (0) 20 7444
0800
END
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