Last checked at 11 Mar 2020 10:50
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
Hummingbird Resources plc
("Hummingbird" or the "Company")
Block Listing Six Monthly Return
Hummingbird Resources plc (AIM: HUM), announces the following update relating to its block admission of shares to be issued to certain option holders upon the exercise by such option holders of options granted pursuant to the Company's share option schemes.
On 27 February 2020, the Company granted 7,715,000 new options over ordinary shares in the Company under the HIPPO 2020 scheme (''New Options''). Application has been made for the additional ordinary shares corresponding to the New Options to be added, together with 488,388 additional ordinary shares in respect of previous schemes which have not been admitted, to the block admission on 16 March 2020, and these are included below in the balance under the schemes of securities not yet issued at the end of the period subject to the block admission.
Name of company: | Hummingbird Resources plc
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Name of schemes: | The Hummingbird Resources plc - Unapproved Share Option Scheme, the Hummingbird Resources Limited EMI Share Option Plan 2010, and other share options
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Period of return: | From: 12 September 2019 To: 11 March 2020
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Balance under the schemes of securities not issued at the beginning of the period subject to the block admission:
| 10,311,534 ordinary shares |
Number of securities issued under the schemes during the period:
| 467,677 ordinary shares |
Number of securities lapsed under the schemes during the period:
| 130,000 ordinary shares |
Balance under the schemes of securities not yet issued at the end of the period subject to the block admission:
| 17,917,245 ordinary shares (includes 8,203,388 shares added to the Block Admission on 12 March 2020)
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Number and class of securities originally admitted and the date of admission: | 4,385,000 ordinary shares were admitted on 21 March 2012. A further: 2,349,000 ordinary shares were admitted on 21 March 2014, 250,000 ordinary shares were admitted on 12 March 2015, 7,772,568 ordinary shares were admitted on 13 March 2017, 363,636 ordinary shares were admitted on 13 March 2018, 156,250 ordinary shares were admitted on 13 September 2018, 595,177 ordinary shares were admitted on 12 March 2019, and 8,203,388 to be admitted on 12 March 2020. The total number of ordinary shares admitted to date in respect to its block admission as detailed above is therefore 24,075,019.
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Name of contact:
| Thomas Hill, Company Secretary |
Telephone number of contact: | +44 (0)207 409 6660
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**ENDS**
For further information, please visit www.hummingbirdresources.co.uk or contact:
Daniel Betts, CEO Thomas Hill, FD Douglas Ross, IR | Hummingbird Resources plc | Tel: +44 (0) 20 7409 6660 |
James Spinney Ritchie Balmer James Bellman | Strand Hanson Limited Nominated Adviser
| Tel: +44 (0) 20 7409 3494 |
James Asensio Edward Montgomery
| Canaccord Genuity Limited Broker | Tel: +44 (0) 20 7523 8000 |
Gordon Poole Owen Roberts Ollie Head | Camarco Financial PR/IR | Tel: +44 (0) 20 3 757 4997 |
About Hummingbird Resources Plc
Notes to Editors
Hummingbird Resources (AIM: HUM) is a leading gold production, development and exploration company. The Company has two core gold projects, the Yanfolila Gold Mine in Mali and the Dugbe Gold Project in Liberia. Yanfolila produced its first gold pour on time and budget in December 2017. At 31 October 2019 Yanfolila has a 7.9Mt of Reserve ore @ 2.66 g/t for 676,000ozs gold. At 31 March 2019 Yanfolila had a total Resource base (inclusive of Reserves) of 28Mt of Ore @ 2.23 g/t for 2,005,300ozs gold. The Dugbe Gold Project has Resources currently totalling 4.2Moz of gold and a completed NI 43-101 compliant PEA on the project showing a 43% IRR and US$337m NPV at a US$1,500 gold price.
In addition to Hummingbird's production and development assets, the Company also has an exploration footprint of ~4,000km2 and a significant shareholder in AIM listed Cora Gold, which is advancing a portfolio of prospects in Mali and Senegal.