13 Apr 2011 07:00
Oxus Gold plc
Correction - Directors' Shareholdings and Issue of Equity
This announcement replaces the announcement made by the Company at 16.32 on 5 April 2011, with RNS Number 3618E. This announcement amends the typographical error of the price at which the new shares were issued, the correct price being 2.743p per share. All other information remains the same.
London: 5 April 2011 - Oxus Gold Plc ("Oxus"or the "Company") (OXS.L) announces that application has today been made for 3,440,333 new ordinary shares of 1p each in the Company to be admitted to trading on the AIM market of the London Stock Exchange. Further to the announcement on 8 December 2008, the new shares were allotted to certain Directors, former Directors and senior management of the Company on 5 April 2011 at a price of 2.743p per share in lieu of fees and salaries for the period 1 January 2011 to 31 March 2011.
Included in this amount are shares allotted to Directors as follows:
Director | New ordinary shares issued | Total beneficial shareholding | Percentage of the issued share capital |
Richard Shead | 2,095,493 | 5,194,519 | 1.24 |
Oliver Prior | 75,790 | 394,649 | 0.09 |
The shares were issued at the average mid-market price for the period 1 January 2011 to 31 March 2011.
The new ordinary shares will rank pari passu with the existing ordinary shares and dealings are expected to commence in the new ordinary shares on 11 April 2011.
Following the allotment of the above new ordinary shares, the Company's total voting share capital in issue will be 418,816,103 ordinary shares of 1p each.
For further information, please contact:
Oxus Gold Plc Tel: +44 (0) 207 907 2000
Richard Shead
Fairfax I.S. PLC Tel: +44 (0) 207 598 5368
Ewan Leggat / Laura Littley
Tavistock Communications Tel: +44 (0) 207 920 3150
Ed Portman / Emily Fenton