RLD.L Regulatory News (RLD)

20 Apr 2006 15:56

Tanzanite One Limited20 April 2006 Tanzanite One Limited ("TanzaniteOne" or "the Company") Change in Directors' Interest TanzaniteOne advises that directors Messrs Nunn, Harebottle and Summersyesterday sold 510,089 shares in the Company to fund the exercise of 921,799options into TanzaniteOne shares. Following completion of the above, theirrespective shareholdings in the Company will be as outlined below. - Mr Mike Nunn, director, will increase his interests in TanzaniteOne heldindirectly via Tanzanite One (SA) Ltd from 14,372,227 to 14,617,727 shares. Theincrease reflects 506,109 new shares to be issued following the exercise of506,109 unlisted options and a sale of 260,609 shares to provide funding for theexercise of the options and associated taxes by Mr Nunn and Ms Candice Nunn, arelated party to Mr Nunn. - Mr Ian Harebottle, director, will increase his interests in TanzaniteOne heldindirectly via Tanzanite One (SA) Ltd from 254,912 to 367,912 shares. Theincrease reflects 261,240 new shares to be issued following the exercise of261,240 unlisted options and a sale of 148,240 shares to provide funding for theexercise of the options and associated taxes. - Mr Mark Summers, director, will increase his interests in TanzaniteOne heldindirectly via Tanzanite One (SA) Ltd from 127,333 to 180,543 shares. Theincrease reflects 154,450 new shares to be issued following the exercise of154,450 unlisted options and a sale of 101,240 shares to provide funding for theexercise of the options and associated taxes. The options are expected to be exercised on 21 April 2006. Further details ofthese transactions are set out below: Director No. of options Exercise Shares Sale Resultant % issued to be exercised price sold price shareholding class Mike Nunn 506,109 43.2p 260,609 200p 14,617,727 20.1% Ian 261,240 48.6p 148,240 200p 367,912 0.5%Harebottle Mark Summers 154,450 48.6p 101,240 200p 180,543 0.2% Application will be made for a total of 950,799 new common shares to be admittedto trading on the AIM Market of London Stock Exchange plc following the exerciseof these options, and the exercise of an additional 29,000 options by employeesof the Company. The new common shares will rank pari passu with the existing common shares anddealings are expected to commence in the new common shares at 8.00 a.m. on 26April 2006. For further information please contact: Tanzanite One Limited Tanzanite One (SA) LimitedWilli Boehm Mark Summers+61 40 996 9955 +27 11 214 1000 or visit: www.tanzaniteone.com This information is provided by RNS The company news service from the London Stock Exchange