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5 Nov 2019 14:59
5 November 2019
ARGOS RESOURCES LIMITED
("Argos" or "the Company")
Extension of Options
Argos Resources Limited (AIM: ARG.L), the Falkland Islands based company focused on the North Falkland Basin, announces that the Board has resolved to amend the terms of options held by certain of the directors (as detailed below) (the "Options") such that the original expiry date of 11 November 2019 is extended by 5 years to 11 November 2024.
Director | Number of Options | Exercise Price | Expiry Date |
John Hogan | 4,805,818 | 2 pence | 11 November 2024 |
Dennis Carlton | 875,000 | 2 pence | 11 November 2024 |
James Ragg | 1,025,000 | 2 pence | 11 November 2024 |
No further amendments have been made to the terms of the Options.
For further information:
Argos Resources Limited (+500 22685)
www.argosresources.com
Ian Thomson, Chairman
John Hogan, Managing Director
Cenkos Securities plc (Nomad & Broker)
Derrick Lee (+44 131 220 9100)
Neil McDonald (+44 131 220 6939)
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | John Hogan | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Managing Director | ||||
b) | Initial notification/Amendment | Initial | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Argos Resources Ltd | ||||
b) | LEI | 213800JFBALNFGTAJM89 | ||||
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 of the Financial instrument, type of instrument | Options in respect of Ordinary Shares of 2p each | ||||
Identification code | FK0114538241 | |||||
b) | Nature of the transaction | Amendment to expiry date of Options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: ·; Aggregated volume ·; Price |
N/A | ||||
e) | Date of the transaction | 5 November 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Dennis Carlton | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Non-Executive Director | ||||
b) | Initial notification/Amendment | Initial | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Argos Resources Ltd | ||||
b) | LEI | 213800JFBALNFGTAJM89 | ||||
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 of the Financial instrument, type of instrument | Options in respect of Ordinary Shares of 2p each | ||||
Identification code | FK0114538241 | |||||
b) | Nature of the transaction | Amendment to expiry date of Options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: ·; Aggregated volume ·; Price |
N/A | ||||
e) | Date of the transaction | 5 November 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | James Ragg | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Non-Executive Director | ||||
b) | Initial notification/Amendment | Initial | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Argos Resources Ltd | ||||
b) | LEI | 213800JFBALNFGTAJM89 | ||||
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 of the Financial instrument, type of instrument | Options in respect of Ordinary Shares of 2p each | ||||
Identification code | FK0114538241 | |||||
b) | Nature of the transaction | Amendment to expiry date of Options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: ·; Aggregated volume ·; Price |
N/A | ||||
e) | Date of the transaction | 5 November 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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