Last checked at 30 Sep 2016 07:02
30 September 2016
Atlantis Resources Limited
Surrender of awards by a Director
Atlantis Resources Limited (AIM: ARL, "Atlantis", or the "Company") announces that today the Company's CEO, Tim Cornelius, has surrendered in full an award granted to him on 11 December 2013 under The Company 2013 Long-Term Incentive Plan (the "Plan") over 1,063,830 ordinary shares of no par value in the Company ("Ordinary Shares") at an exercise price per Ordinary Share of £0.94.
At the same time the Company granted to Tim Cornelius an award under the Plan over 1,000,000 Ordinary Shares at an exercise price per Ordinary Share of £0.50. A separate notification has been issued in respect of this grant.
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PDMR notification - Tim Cornelius  | |
1. Details of the Restricted Person / person closely associated with him or her  | |
a) Name | Â Tim Cornelius |
2. Reason for the notification | |
a) Position/status | Â CEO |
b) Initial notification / Amendment | Â Initial notification |
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor  | |
a) Name | Â Atlantis Resources Limited |
b) UEN | Â Company number 200517551R Â |
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted  | |
a) Description of the financial instrument, type of instrument | Â Ordinary shares of no par value in the capital of Atlantis Resources Limited |
b) Identification code | Â ISIN SG0000011118 |
c) Nature of the transaction | Â Surrender of options granted on 11 December 2013 |
d) Price(s) and volume(s) |  Volume(s) of surrendered option:1,063,830 Exercise Price of surrendered option: £0.94 per share  |
e) Aggregated information: i. Aggregated volume ii. Price |   Aggregate volume surrendered: 1,063,830  Exercise Price of surrendered option: £0.94 per share |
f) Date of the transaction | Â 2016-09-30 Â Â |
g) Place of the transaction | Outside a trading venue  |
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Enquiries:
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Atlantis Resources | +44 (0)20 3727 1000 |
John Neill, Chairman | |
Simon Counsell, Chief Financial Officer | |
Peel Hunt LLP (Nominated Adviser and Broker) | +44 (0)20 7418 8900 |
Adrian Trimmings Jock Maxwell Macdonald Euan Brown | |
FTI Consulting | +44 (0)20 3727 1000 |
Ben Brewerton Alex Beagley James Styles |
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