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13 May 2025 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
This announcement is not an offer for sale, or a solicitation of an offer to acquire, securities in any jurisdiction, including in or into the United States, Canada, Australia, or Japan. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.
13 May 2025
UPLAND RESOURCES LIMITED
("Upland" or the "Company")
Exercise of Options
Upland Resources Limited (LSE: UPL) is pleased to announce that it has received Notices from Directors, an Officer and former CFO to exercise an aggregate of 91,000,000 share options over Ordinary Shares in the Company at exercise prices of 0.4p and .6p. Proceeds from the exercise of the share options is £514,000.
Total voting rights
Following the Option Exercise, the Company's total number of Ordinary Shares in issue is 1,511,958,048. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. Applications will be made to the Financial Conduct Authority and to the London Stock Exchange for all the 91,000,000 new Ordinary Shares to be admitted to listing on the Official List (standard listing segment) and to trading on the London Stock Exchange's main market for listed securities in due course. It is expected that Admission will become effective at 8.00 a.m. on 21 May 2025.
The following notifications, made pursuant to Article 19 of the Market Abuse Regulation, provide further details.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Bolhassan Di | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chairman and CEO | ||||
b) | Initial notification/Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Upland Resources Limited | ||||
b) | LEI | 213800MRG7ISJEK8YA38 | ||||
4 | Details of the transaction: 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 Identification code |
JE00BJXN4P16 | ||||
b) | Nature of the transaction | Exercise of share options | ||||
c) | Price and volume |
| ||||
d) | Aggregated information Total |
£300,000 | ||||
e) | Date of the transaction | 12 May 2025 | ||||
f) | Place of the transaction | London | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Andrew Hurst | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-executive Director | ||||
b) | Initial notification/Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Upland Resources Limited | ||||
b) | LEI | 213800MRG7ISJEK8YA38 | ||||
4 | Details of the transaction: 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 Identification code |
JE00BJXN4P16 | ||||
b) | Nature of the transaction | Exercise of share options | ||||
c) | Price and volume |
| ||||
d) | Aggregated information Total |
£60,000 | ||||
e) | Date of the transaction | 12 May 2025 | ||||
f) | Place of the transaction | London | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Gerard Muarray | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Operating Officer | ||||
b) | Initial notification/Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Upland Resources Limited | ||||
b) | LEI | 213800MRG7ISJEK8YA38 | ||||
4 | Details of the transaction: 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 Identification code |
JE00BJXN4P16 | ||||
b) | Nature of the transaction | Exercise of share options | ||||
c) | Price and volume |
| ||||
d) | Aggregated information Total |
£122,000 | ||||
e) | Date of the transaction | 12 May 2025 | ||||
f) | Place of the transaction | London | ||||
**ENDS**
For further information, please contact:
Upland Resources Limited Bolhassan Di, Chairman and CEO Gerry Murray COO | Tel: +60 198 861 919 bolhassan@uplandbigoil.com.my gerry.murray@upland.energy
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