Scotgold Resources Ltd Exercise of Options (7433X)
December 23 2019 - 1:00AM
UK Regulatory
TIDMSGZ
RNS Number : 7433X
Scotgold Resources Ltd
23 December 2019
23 December 2019
Scotgold Resources Limited
("Scotgold" or the "Company")
Exercise of Options
The Company announces that it has received an election and
payment to exercise options over 1,744,657 new ordinary shares of
no par value each in the Company at a price of GBP0.40 per share
due to expire on 31 December 2019 (the "Option Shares") from
Rhodora Limited.
On Admission, Rhodora Limited will hold a beneficial interest in
1,744,657 Ordinary Shares, representing approximately 3.4% of the
Ordinary Share capital of the Company.
Application will be made for the 1,744,657 new ordinary shares
of no par value to be admitted to trading on AIM ("Admission").
Admission is expected to become effective at 8.00 a.m. on or
around 30 December 2019. Following Admission, the Company will have
51,289,621 Ordinary Shares in issue, each with voting rights, which
figure 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 to their
interest in, the Ordinary Share capital of the Company under the
Financial Conduct Authority's Disclosure Guidance and Transparency
Rules. The Company does not hold any Ordinary Shares in
Treasury.
Scotgold also wishes to advise the remaining holders of Option
Shares that these options will expire on 31 December 2019 with no
value. All enquires regarding the exercise of these options should
be directed to your nominee, or to the Company at
cosec@scotgoldresources.com if you have any queries.
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
For further information please contact:
Scotgold Resources Limited Tel: +44 (0)1838 400
Richard Gray 306
SP Angel Corporate Finance Tel +44 (0) 20 3470
LLP 0470
Nomad and Broker
Ewan Leggat / Charlie Bouverat
Capital Markets Consultants Tel: +44 (0) 7703
Financial PR 167 065
Simon Rothschild
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
IOEPGGMWPUPBGBP
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