Upland Resources Limited Exercise of Options -- Bolhassan Di (6873N)
September 26 2023 - 4:00AM
UK Regulatory
TIDMUPL
RNS Number : 6873N
Upland Resources Limited
26 September 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
This announcement is not an offer for sale, or a solicitation of
an offer to acquire, securities in any jurisdiction, including in
or into the United States, Canada, Australia, or Japan. Neither
this announcement nor any part of it shall form the basis of or be
relied on in connection with or act as an inducement to enter into
any contract or commitment whatsoever.
26 September 2023
UPLAND RESOURCES LIMITED
("Upland" or the "Company")
Exercise of Options - Bolhassan Di
Upland Resources Limited (LSE: UPL) is pleased to announce that
it received notification on 23rd September 2023 that the Company's
Chairman and CEO Bolhassan Di has exercised 10,000,000 share
options over Ordinary Shares in the Company at an exercise price of
0.4p.
As a result, the Company will issue 10,000,000 new Ordinary
Shares in the Company to Mr. Di for a total consideration of
GBP40,000.
Accordingly, Mr Di's beneficial interest in Ordinary Shares has
increased by 10,000,000 Ordinary Shares and now comprises
37,384,622 Ordinary Shares, representing approximately 3.34% of the
Company's issued share capital.
Total voting rights
Following the Option Exercise, the Company's total number of
Ordinary Shares in issue is 1,118,157,741 . This figure may be used
by shareholders 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 Company under the
Financial Conduct Authority's Disclosure and Transparency
Rules.
Applications will be made to the Financial Conduct Authority and
to the London Stock Exchange for all the 10,000,000 new Ordinary
Shares to be admitted to listing on the Official List (standard
listing segment) and to trading on the London Stock Exchange's main
market for listed securities in due course. It is expected that
Admission will become effective at 8.00 a.m. on 1 November
2023.
The following notifications, made pursuant to Article 19 of the
Market Abuse Regulation, provide further details.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Bolhassan Di
------------------------------------------------ ---------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------
a) Position/status Chairman and CEO
------------------------------------------------ ---------------------------------------------
b) Initial notification/Amendment Amendment
------------------------------------------------ ---------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------
a) Name Upland Resources Limited
------------------------------------------------ ---------------------------------------------
b) LEI 213800MRG7ISJEK8YA38
------------------------------------------------ ---------------------------------------------
4 Details of the transaction: 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 of Ordinary shares of no par value
the financial instrument, JE00BJXN4P16
type of instrument
Identification
code
------------------------------------------------ ---------------------------------------------
b) Nature of the transaction Exercise of share options
------------------------------------------------ ---------------------------------------------
c) Price and volume Price Volume
GBP 0.004 10,000,000
-----------
------------------------------------------------ ---------------------------------------------
d) Aggregated information
Total GBP 40,000
------------------------------------------------ ---------------------------------------------
e) Date of the transaction 23 September 2023
------------------------------------------------ ---------------------------------------------
f) Place of the transaction London
------------------------------------------------ ---------------------------------------------
**ENDS**
For further information, please contact:
Upland Resources Limited Tel: +60 198 861 919
Bolhassan Di, Chairman and CEO bolhassan@uplandbigoil.com.my
gerry.murray@upland.energy
Optiva Securities - Broker Tel: +44 (0)20 3137 1903
Christian Dennis christian.dennis@optivasecurities.com
(Corporate Broker) www.optivasecurities.com
---------------------------------------
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