Leed Resources plc, (AIM: LDP), the natural resource investment company, announces that the Directors of Leed have agreed to cancel all their outstanding share options. They are doing this as part of a fresh start for the Company and underlines the changes taking place. Further changes can be expected.
For the record, Bromius Capital Pte Limited, a company of which Ian Gibbs is a director and shareholder, has a total of 120,756,913 options outstanding and Jinesh Patel has 103,505,926 options outstanding.
In addition, Peter Redmond, formerly Chairman of Leed, has agreed to the cancellation of his option awards totalling 120,756,913.
In the event that options are issued in future, they will be linked to a material transaction.
As indicated earlier, this is part of a programme of regeneration of the Company and the Board will make further announcements regarding strategy, operational guidance and how the Board intends to deliver value to shareholders.
Hi mate. Yes thanks. Wife had her cancer check this week and thank heaven she is still clear. Phew!! Most of my money now in ECR. Lot of news expected soon which you can see if you pop over there. That is were I invested when I left here some time ago now. As I said I still hold some shares in LDP. Sincerely hope this comes good but I just feel let down my the BOD. I believe Peter Redmond has now left. Hope you are keeping well and enjoy your w/end.
'One day this will come good'. Not in my lifetime and I'm only 10 ! Was in the old Leed Petroleum so heard it all before. Luckily I sold must here and only hold a few thousands just in case a miracle happens. If I had held I would be now thousand of pounds down the pan. I honestly wish you well and I am sure someone will say 'wouldn't want to be out of this over the weekend' Pretty sure my view is the general consensus on here.
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