Scotgold Resources Ltd Exercise of Options and Director Dealing (0242Z)
January 07 2020 - 6:21AM
UK Regulatory
TIDMSGZ
RNS Number : 0242Z
Scotgold Resources Ltd
07 January 2020
07 January 2020
Scotgold Resources Limited
("Scotgold" or the "Company")
Exercise of Options and Director Dealing
The Company announces that it received notice of exercise of
4,000 options held by Christopher Sangster (Non-Executive Director)
on 30 December 2019 and notice of exercise of 55,256 options held
by other shareholders by 31 December 2019. The Board of Directors
has approved the issue and allotment of 59,256 new ordinary shares
of no par value each in the Company ("Ordinary Shares") subject to
and conditional upon admission to trading on AIM. The Ordinary
Shares have been issued in order to satisfy an exercise of 4,000
options held by Christopher Sangster and 55,256 share options held
by other shareholders that were granted pursuant to their
participation in the December 2017 Rights Issue. All options
referred to above were exercised at 40 pence per share.
Following these transactions, Christopher Sangster will hold a
beneficial interest in 206,045 Ordinary Shares, representing
approximately 0.40% (previously 0.39%) of the Ordinary Share
capital of the Company.
Richard Gray, CEO commented: "With the expiry date of 31st
December 2019 having now passed for the options issued pursuant to
the 2017 Rights Issue, it is pleasing to report that in total 97.6%
of the options were exercised and GBP970,000 of funding was raised.
The Company is now focussed on the development of the Cononish Gold
Mine and will provide further updates on this to the market in due
course."
Admission and Total Voting Rights
The Company has made an application for the 59,256 new Ordinary
Shares to be admitted to trading on AIM ("Admission"). Admission is
expected to become effective at 8.00 a.m. on or around 13 January
2020. Following Admission, the Company will have 51,348,877
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.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Full name Christopher Sangster
of person
Dealing
----------------------------- ----------------------------------------
2. Reason for notification
-----------------------------------------------------------------------
(a) Position/status Non-Executive Director
----------------------------- ----------------------------------------
(b) Initial notification/ Initial notification
Amendment
----------------------------- ----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
(a) Name of entity Scotgold Resources Limited
----------------------------- ----------------------------------------
(b) LEI 213800HL5A2K7LW2G360
----------------------------- ----------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
-----------------------------------------------------------------------
(a) Description Ordinary Shares of No Par Value
of the financial
instrument,
type of instrument
----------------------------- ----------------------------------------
(b) Identification AU000XINEAK5
code
----------------------------- ----------------------------------------
(c) Nature of Exercise of share options
the transaction
----------------------------- ----------------------------------------
(d) Price(s) Prices(s) Volume(s)
and volume(s) 40 pence 4,000
----------------------------- ----------------------------------------
(e) Aggregated
information:
- Aggregated N/A
volume
- Price
----------------------------- ----------------------------------------
(f) Date of transaction 07 January 2020
----------------------------- ----------------------------------------
(g) Place of XLON
transaction
----------------------------- ----------------------------------------
For further information please contact:
Scotgold Resources Limited Tel: +44 (0)1838 400
Richard Gray 306
SP Angel Corporate Finance
LLP
Nomad and Broker
Ewan Leggat / Charlie Bouverat
Capital Markets Consultants Tel: +44 (0) 7703 167
Financial PR 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
IOEUPUUPGUPUGPM
(END) Dow Jones Newswires
January 07, 2020 07:21 ET (12:21 GMT)
Scotgold Resources (LSE:SGZ)
Historical Stock Chart
From Apr 2024 to May 2024
Scotgold Resources (LSE:SGZ)
Historical Stock Chart
From May 2023 to May 2024