Last checked at 25 Feb 2011 07:00
25 February 2011
Persian Gold plc ("Persian Gold" or the "Company")
Issue of Equity
The Directors of Persian Gold and certain senior management of the company have exercised the following options and warrants:
Options at 0.25p per new ordinary share | Options at 2.5p per new ordinary share | Warrants at 4.0p per new ordinary share | |
John James Teeling | 1,600,000 | 300,000 | 937,500 |
James Michael Finn | 1,000,000 | 300,000 | 625,000 |
David John Horgan | 700,000 | 200,000 | 625,000 |
Jack Robert Teeling | 1,000,000 | 300,000 | 312,500 |
Dr. Manouchehr Takin | - | - | 150,000 |
Senior Management | 60,000 | 60,000 | 9,363 |
Persian Gold has issued and allotted 8,179,363 new ordinary shares pursuant to the exercise of options and warrants as set out in the table above.
Application to the London Stock Exchange has been made for these new Ordinary Shares to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective on 2 March 2011.
The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company.
Following the issue of these shares the Company has 85,807,198 fully paid ordinary shares in issue and the Directors will have the following holdings in the Company:
Number of Ordinary Shares | Percentage of issued Ordinary Share Capital | |
John James Teeling* | 14,512,900 | 16.91% |
James Michael Finn | 7,875,400 | 9.18% |
David John Horgan** | 6,975,000 | 8.13% |
Jack Robert Teeling | 6,337,500 | 7.39% |
Dr. Manouchehr Takin | 450,000 | 0.52% |
* 9,600,000 Ordinary Shares registered in the name of Davy Crest Nominees are beneficially owned by John Teeling.
** 2,000,000 Ordinary Shares are registered in the name of Alana Horgan, the daughter of David Horgan and 1,525,000 Shares are registered in the name of Aran Horgan, the son of David Horgan.
Enquiries:
Persian Gold plc John Teeling, Chairman David Horgan, Managing Director James Finn, Finance Director
|
+353 (0) 1 833 2833
|
Nominated Adviser and Joint Broker Shore Capital Pascal Keane Toby Gibbs
| +44 (0)20 7408 4090 |
Joint Broker Optiva Securities Limited Jeremy King
| +44(0)20 3137 1904 |
College Hill Nick Elwes | +44 (0)20 7457 2020 |