Serabi Regulatory News (SRB)

2 Aug 2006 11:03

Serabi Mining plc02 August 2006 SERABI MINING PLC - Allotment of Shares to Directors Serabi Mining plc ("the Company") announces that pursuant to arrangementsentered into prior to the admission of the Company's shares to trading on AIM inMay 2005 and disclosed in its Admission document, the Company has approved theallotment of 816,666 ordinary shares of 10p each ("Shares") in which certainDirectors of the Company will have the following beneficial interests. Mr W M Clough 300,000 Mr C M Line 283,333 Mr G S Roberts 233,333 The Shares have been allotted and issued in satisfaction of bonus awards to eachof the above prior to the Company's admission to AIM, as disclosed in theCompany's admission document issued at that time. In the case of Mr Line and Mr Roberts the Shares are to be issued to personalpension plans held by those individuals. In the case of Mr Clough the Shares areto be issued to WM Clough Pty Limited, a company wholly owned by Mr Clough. As a result of the above allotment the beneficial interests of each of theDirectors in the issued share capital of the Company is as follows: No of Percentage of issued Ordinary shares issued share capital Bill Clough 45,328,617 40.97%Graham Roberts 845,834 0.76%Clive Line 283,333 0.26% Application has been made for the new Shares to be admitted to trading on AIM.Admission is expected to occur at 8am on 7 August 2006. The total number ofShares in issue following the allotment and issue of the new Shares will be110,651,608. For further information please contact: Graham Roberts Tel: +44 (0)20 7220 9550 Chairman Clive Line Tel: +44 (0)20 7220 9553 Finance Director Email: contact@serabimining.com Web: www.serabimining.com This information is provided by RNS The company news service from the London Stock Exchange