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11 Sep 2020 17:06
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 16th April 2020 the Company granted 1,365,000 new options over ordinary shares in the Company ("New Options").
Application has been made for the additional ordinary shares corresponding to the New Options to be added to the block admission on 17 September 2020. 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
|
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 March 2020 To: 11 September 2020
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Balance under the schemes of securities not issued at the beginning of the period subject to the block admission:
| 17,917,245 ordinary shares |
Number of securities issued under the schemes during the period:
| 3,047,490 ordinary shares |
Number of securities lapsed under the schemes during the period:
| 462,500 ordinary shares |
Balance under the schemes of securities not yet issued at the end of the period subject to the block admission:
| 15,772,255 ordinary shares (includes 1,365,000 shares added to the Block Admission on 17 September 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, 8,203,388 were admitted on 12 March 2020, and 1,365,000 to be admitted on 17 September 2020. The total number of ordinary shares admitted to date in respect to its block admission as detailed above is therefore 25,440,019.
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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 Edward Montgomery, CSO and ESG | 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
| Canaccord Genuity Limited Broker
| Tel: +44 (0) 20 7523 8000 |
Tim Blythe Megan Ray Rachael Brooks
| Blytheweigh Financial PR/IR
| Tel: +44 (0) 20 7138 3205 |
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 recently acquired Kouroussa Gold Project in Guinea. 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 Kouroussa Gold Project has a Resource base of 1.18Moz @ 3.08 g/t, which will be fast tracked to production, adding an additional c.100,000 oz of gold per annum to its production profile. Hummingbird also has a controlling interest in the Dugbe Gold Project that is expected to be developed by Pasofino Gold Limited (previously ARX Resources Limited) through an earn-in agreement. 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.
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