Thanks, cloud9, for clearing it up. Apologies for any confusion I caused but nice to see his holding going up. Been trying to find what the expiry date was and thus if this was the reason for conversion. Can you help? Either way, I wish I could pick some more up at 1.8p. Bill's holding 9.1% now which is good to see, as is the £126,000 of additional funding for just a 1% dilution.
Landore Resources (AIM: LND) announces that today, Bill Humphries, Chief Executive Officer of the Company, exercised options over 7,000,000 ordinary shares of no par value in the Company ("Ordinary Shares") at an exercise of price of 1.8 pence per Ordinary Share.
Application is being made for these 7,000,000 Ordinary Shares to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on or around 10 November 2016. Following Admission, Mr Humphries will hold 64,314,119 Ordinary Shares, representing approximately 9.1 per cent. of the Company's issued share capital.
Following Admission, the Company will have 707,488,001 Ordinary Shares in issue. Landore Resources does not hold any Ordinary Shares in treasury. The aforementioned figure of 707,488,001 Ordinary Shares 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, Landore Resources under the Financial Service Authority's Disclosure and Transparency Rules.
Hello Earache Can you confirm that the 7 million shares were warrants conversion not new share options. I am not doubting you I just don't seem to be able to find that information.If it was Warrants it's excellent news Many Thanks.
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