30 Mar 2015 16:53
Change of Company Secretary and Issue of Options
Change of Company Secretary
In accordance with ASX Listing Rule 3.16.1 Range advises that Ms Rebecca Sandford has resigned as Company Secretary effective immediately.
Range's Chief Financial Officer, Mr Nick Beattie, has been appointed as a Joint Company Secretary. Ms Sara Kelly continues to act as a Joint Company Secretary.
The Board of Range thanks Ms Sandford for her contribution to the Company, and wishes her the best for her future.
Issue of Options
Range advises that following approval of shareholders at the Company's Extraordinary General Meeting on 27 March 2015, the following options were issued to Directors under the terms proposed in the Notice of Meeting. The options exercise price is £0.01 per Share and, if not exercised, they will expire on 30 March 2020.
Name | Number of Options |
Mr Yan Liu | 30,000,000 |
Mr David Chen | 30,000,000 |
Mr Zhiwei Gu | 7,500,000 |
Ms Juan Wang | 7,500,000 |
Exercise Period and Vesting Dates
The Options issued to a holder vest on the following dates (each a Vesting Date) as follows:
(a) 25% will become exercisable on the date that is one year from the issue date;
(b) 25% will become exercisable upon the Company reaching production of 1,500 barrels of oil per day for a continuous 15 day period in Trinidad;
(c) 25% will become exercisable upon the Company reaching production of 2,500 barrels of oil per day for a continuous 15 day period in Trinidad; and
(d) 25% will become exercisable upon the Company reaching production of 4,000 barrels of oil per day for a continuous 15 day period in Trinidad.
Please see Appendix A for the total number of securities on issue.
Contacts
Cantor Fitzgerald Europe(Nominated Advisor and Broker)
David Porter / Sarah Wharry(Corporate finance)
Richard Redmayne (Corporate broking)
t. +44 (0)20 7894 7000
Range Resources Limited
Australian Office
Ground Floor, BGC Centre
28 The Esplanade
Perth WA 6000
Australia
t. +618 6205 3012
UK Office
Suite 1A, Prince's House38 Jermyn StreetLondon, SW1Y 6DNUnited Kingdom
t. +44 (0)20 7025 7040
f. +44 (0)20 7287 8028
e. admin@rangeresources.co.uk
www.rangeresources.co.uk
Appendix A.
The total number of securities on issue is as follows:
5,117,169,188 80,508,341 855,166 7,058,824 5,180,000 9,000,000 15,708,801 32,275,862 5,000,000 5,000,000 146,533,850 5,000,000 476,190 952,381 6,714,284 9,000,000 3,947,368 8,666,670 694,445 2,205,885 1,250,000 17,333,336 3,000,001 5,153,846 2,000,000 2,000,000 5,000,000 23,636,364 161,472,247 118,729,593 7,500,000 1,000,000 31,000,000 75,000,000 | Ordinary Fully Paid Shares Options ($0.05, 31 January 2016) Unlisted Options (£0.04, 30 June 2015) Unlisted Options (£0.17, 30 April 2016) Unlisted Options (£0.075, 31 January 2017) Unlisted Options (£0.125, 31 March 2015) Unlisted Options (£0.0615, 19 October 2015) Unlisted Options (£0.05075, 30 November 2015) Unlisted Options ($0.10, 31 January 2016) Unlisted Options ($0.06, 10 February 2016) Unlisted Options (£0.04, 30 April 2016) Unlisted Options (£0.037, 11 July 2016) Unlisted Options (£0.021, 25 July 2016) Unlisted Options (£0.021, 29 July 2016) Unlisted Options (£0.021, 31 August 2016) Unlisted Options (£0.02, 31 August 2016) Unlisted Options (£0.19, 30 September 2016) Unlisted Options (£0.18, 30 September 2016) Unlisted Options (£0.018, 31 October 2016) Unlisted Options (£0.017, 31 October 2016) Unlisted Options (£0.016, 31 October 2016) Unlisted Options (£0.015, 31 October 2016) Unlisted Options (£0.015, 30 November 2016) Unlisted Options ($0.013, 30 November 2016) Unlisted Options ($0.0321, 11 December 2016) Unlisted Options (£0.012, 31 December 2016) Unlisted Options (£0.011, 31 December 2016) Unlisted Options (£0.011, 31 January 2017) Unlisted Options (£0.01, 14 July 2018) Unlisted Options (£0.02, 14 July 2018) Unlisted Options (£0.03, 9 September 2017) Unlisted Options ($0.05, 31 January 2018) Unlisted Options (£0.01203, 15 October 2017) Unlisted Options (£0.01, 30 March 2020) |