20 Mar 2015 15:59
Amedeo Resources Plc
("the Company")
Director Dealings
The Company announces that on 19 March, Zafarullah Karim purchased existing warrants from a third party to subscribe for new ordinary shares of 0.01p in the Company ("Ordinary Shares") for a consideration of £20,000 in cash as set out below ("Warrants").
Number of Warrants | Exercise Price | Expiration Date |
33,315,774 | 1.0p | 31 Jan 2025 |
The Warrants, which are transferrable, can be exercised at 1.0p only after certain share price performance conditions have been met and certain time periods have elapsed.
In addition to the 109,544,785 warrants held by Zafarullah Karim, the purchase takes Mr Karim's warrant position to 142,860,559 warrants, representing 3.7% of the fully diluted outstanding ordinary shares of the Company.
ENDS
For further information please visit www.amedeoresources.com or contact:
Enquiries:
Glen Lau Chief Executive Officer Amedeo Resources Plc Tel office: +44 20 7583 8304 | Zafar Karim Executive Director Amedeo Resources Plc Tel office: +44 20 7583 8304 |
Paul Shackleton /Andrew Kitchingman Nominated Adviser & Broker WH Ireland Tel office: +44 113 394 6600 | Saif Janjua Joint Broker Beaufort Securities Limited Tel office: +44 20 7382 8300 |
Notes
Amedeo Resources plc is an investment company whose policy is to invest principally, but not exclusively, in the resources and resources infrastructure and asset sectors. Amedeo has a deep and broad global network and wide contact base in these sectors, including in East and South East Asia and the Middle East which it leverages to source and make investments. These sectors exhibit high growth and are strategically important. Amedeo is a proactive investor which assists its investee companies to grow by providing investment, expertise and contacts.
Amedeo Resources (AMED)