RGM.L Regulatory News (RGM)

RNS Number : 8995M

Regency Mines PLC

01 June 2010

 

 

REGENCY MINES PLC

 

Exercise of Options and Issue of Equity

 

Dated: 1 June 2010

 

Regency Mines PLC ("Regency" or the "Company") has today allotted 3,125,000 new ordinary shares of 0.1p ("Ordinary Shares") following the exercise of 2,375,000 options to subscribe for Ordinary Shares in the Company at a price of 1 penny per share and of the exercise of 750,000 options to subscribe for Ordinary Shares in the Company at a price of 1.25 pence per share ("New Ordinary Shares").

 

John Watkins, a director, exercised 500,000 options at a price of 1.25 pence per share; Julian Lee, a director, exercised 250,000 options at a price of 1 penny per share and 250,000 options at a price of 1.25 pence per share; Ed Bugnosen, a director, exercised 100,000 options at a price of 1 penny per share.

 

As a result of this exercise of options, John Watkins directly holds 1,650,000 Ordinary Shares in the Company, representing 0.4 per cent. of the Company's issued ordinary share capital; Julian Lee directly holds 824,000 Ordinary Shares in the Company, representing 0.2 per cent. of the Company's issued ordinary share capital; and Edmund Bugnosen directly holds 100,000 Ordinary Shares in the Company, representing 0.02 per cent. of the Company's issued ordinary share capital.

 

In addition to their interests in the Ordinary Share Capital of the Company stated above, Mr Watkins, Mr Lee and Mr Bugnosen remain interested in the following options to subscribe for the Company's Ordinary Shares.

 

	Number of Options	Expiry Date	Exercise Price
Julian Lee	1,000,000	11 May 2012	4.5 pence
	250,000	30 Sept 2014	2.5 pence
	250,000	30 Sept 2014	3.5 pence
Edmund Bugnosen	100,000	31 May 2011	1.25 pence
	1,000,000	30 Sept 2014	2.5 pence
	1,000,000	30 Sept 2014	3.5 pence
John Watkins	1,000,000	11 May 2012	4.5 pence
	500,000	30 Sept 2014	2.5 pence
	500,000	30 Sept 2014	3.5 pence

 

Application will been made for the New Ordinary Shares, which rank pari passu with the Company's existing issued ordinary share capital, to be admitted to trading on AIM. It is expected that the admission of the New Ordinary Shares to trading on AIM will occur on Monday 7 June 2010.

 

Following the issue and allotment of the new Ordinary Shares, the Company will have 412,381,777 ordinary shares in issue.

 

 

For further information contact:

 

Andrew Bell	0207 402 4580 or 07766 474849	Regency Mines plc	Chairman
Peter Trevelyan-Clark/ Ben Jeynes	020 7444 0800	Religare Capital Markets	Nominated Adviser
Nick Emerson	01483 413500	Simple Investments Ltd	Broker
Ron Marshman	020 7011 9411	City of London PR	Public Relations

Updates on the Company's activities are regularly posted on its website www.regency-mines.com.

This information is provided by RNS

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