30 Dec 2010 11:04
Immediate release | 30 December 2010 |
Metminco Limited ("Metminco" or the "Company")
Application for the Admission of Ordinary Shares and issue of Options
The Company announces that application has been made to the London Stock Exchange for 30,114,160 ordinary shares ("New Ordinary Shares") to be admitted to trading on AIM, pursuant to the issue in settlement of US$3.6 million in Convertible Notes and options issued to directors and to employees in accordance with the Employee OptionsPlan approved by shareholders at the AGM held on 24 November 2010. It is anticipated that admission of the New Ordinary Shares will become effective and dealings will commence on or around 4 January 2010.
The New Ordinary Shares will rank pari passu, in all respects, with the existing ordinary shares that are currently in issue and are traded on AIM and the ASX. In accordance with Disclosure and Transparency Rule 5.6.1, following admission of the New Ordinary Shares, the total number of voting rights in Metminco will be 1,230,943,815. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Metminco under the FSA's Disclosure and Transparency Rules.
Details of options issued to Directors follow:
John Fillmore:
·; 3,000,000 options exercisable at A$0.44 per share no later than 6 December 2013 in accordance with the rules of the Company's Employee Option Plan.
·; 3,000,000 options exercisable at A$0.525 per share no later than 6 December 2013 in accordance with the rules of the Company's Employee Option Plan.
Timothy Read:
·; 3,000,000 options exercisable at A$0.44 per share no later than 6 December 2013 in accordance with the rules of the Company's Employee Option Plan.
·; 3,000,000 options exercisable at A$0.525 per share no later than 6 December 2013 in accordance with the rules of the Company's Employee Option Plan.
For enquiries:
Metminco Limited Ph: + 61(0) 408 609 916
Philip Killen - Company
Secretary & CFO
Investec Bank plc Ph: +44 (0)20 7597 5104
(Nominated Adviser)
Stephen Cooper