11 Oct 2013 07:57
Shanta Gold Limited
("Shanta Gold" or the "Company")
Directors' Interests and Total Voting Rights
Shanta Gold Limited, the East African focused gold producing company, announces that, pursuant to the terms of his director service contract, a non-executive director of the Company will be receiving a portion of his annual fee in the form of Shanta Gold ordinary shares. The price at which the shares are being issued is calculated as the 10 business day VWAP immediately prior to the date of the service agreement being signed on 13 April 2013. Further details as follows:
Director | Number of Ordinary Shares Acquired | Average Price of Ordinary Shares Acquired | Total Number of Ordinary Shares Held Following Transaction | % of Company's Issued Capital |
Anthony Durrant | 225,606 | 17.73 pence | 525,606 | 0.11% |
Pursuant to his service agreement, Anthony Durrant will receive a further 225,606 ordinary shares at the same equivalent price of 17.73p each year for the next two years.
Application will shortly be made to the London Stock Exchange for 225,606 ordinary shares in Shanta Gold to be admitted to trading on AIM ("Admission"), and it is expected that Admission will occur on or around 18 October 2013.
In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules ("DTR"), following the issue and Admission the total issued share capital of the Company with voting rights is 462,053,023 ordinary shares.
The above figure of 462,053,023 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the DTR.
Enquiries:
Shanta Gold Limited Tel: +255 (0) 22 2601 829Mike Houston, CEO
Nominated Adviser and BrokerLiberum Capital Limited Tel: + 44 (0)20 3100 2000Tom Fyson / Ryan De Franck
Financial Public RelationsFTI Consulting Tel: +44 (0)20 7269 7100Oliver Winters / Sara Powell / George Parker
About Shanta Gold Limited
Shanta Gold is an East African focused gold producing company. It currently has defined ore resources on the New Luika and Singida projects in Tanzania and holds exploration licences over a number of additional properties. The Company's flagship New Luika Gold Mine commenced production in 2012. The Company is admitted to trading on AIM and has approximately 462 million shares in issue.
For further information visit the Company's website: www.shantagold.com.