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.
PDMR notification - Tim Cornelius
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1. Details of the Restricted Person / person closely associated with him or her
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a) Name |
Tim Cornelius |
2. Reason for the notification | |
a) Position/status |
CEO |
b) Initial notification / Amendment |
Initial notification |
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a) Name |
Atlantis Resources Limited |
b) UEN |
Company number 200517551R
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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
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a) Description of the financial instrument, type of instrument |
Ordinary shares of no par value in the capital of Atlantis Resources Limited |
b) Identification code |
ISIN SG0000011118 |
c) Nature of the transaction |
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
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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 |
2016-09-30
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g) Place of the transaction | Outside a trading venue
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Enquiries:
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 |