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Option Exercise, Director Dealing

1 Feb 2010 17:20

RNS Number : 4914G
Red Rock Resources plc
01 February 2010
 



 

RED ROCK RESOURCES PLC

 

Director's Dealing, Exercise of Options and Issue of Equity

 

Dated: 1 February 2010

 

Red Rock Resources PLC ("Red Rock" or the "Company") was notified on 29 January 2010 that Andrew Bell, Chairman of the Company, disposed of 200,000 ordinary 0.1p shares ("Ordinary Shares") in the Company at an average price of 1.45 pence per Ordinary Share on that same day.

 

Andrew Bell also exercised 200,000 options to subscribe for Ordinary Shares in the Company at a price of 1 pence per share ("New Ordinary Shares") on 29 January 2010.

 

Following this disposal and exercise of options, Andrew Bell holds no interest in the Ordinary Shares in the Company.

 

Mr. Bell remains interested in the following options to subscribe for the Company's Ordinary Shares.

 

 

Number of Options

Expiry Date

Exercise Price

Andrew Bell

10,000,000

3 June 2014

1.1 pence

 

1,800,000

31 May 2010

1 pence

 

3,000,000

31 May 2011

1.25 pence

 

750,000

11 May 2012

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 5 February 2010.

 

Following the issue and allotment of the new Ordinary Shares, the Company will have 566,353,142 ordinary shares in issue.

 

Enquiries:

Andrew Bell

0207 402 4580

or

07766 474849

 

Red Rock Resources plc 

Chairman

Peter Trevelyan-Clark / Ben Jeynes

 

020 7444 0800

Blomfield Corporate Finance Ltd

 

Nominated Adviser

Nick Emerson

01483 413500

Simple Investments Ltd

 

Broker

Ron Marshman

 

020 7011 9411

Lothbury Financial Limited

Public Relations

Updates on the Company's activities are regularly posted on its website, www.rrrplc.com.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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