Director Shareholding

27 Oct 2005 14:44

Tanzanite One Limited27 October 2005 Tanzanite One Limited ("TanzaniteOne" or "the Company") Change in directors' interest TanzaniteOne advises that directors Messrs Nunn, Harebottle and Summers havetoday sold 187,455 shares in the Company to fund the exercise of 363,700 optionsinto TanzaniteOne shares. Following completion of the above, their respectiveshareholdings in the Company will be as outlined below. - Mr Mike Nunn, director will increase his interests in Tanzanite One Limitedheld indirectly via Tanzanite One (SA) Ltd from 14,328,227 to 14,372,227 shares.The increase reflects 90,925 new shares to be issued following the exercise of90,925 unlisted options and a sale of 46,925 shares to provide funding for theexercise of the options and associated taxes by Ms Candice Nunn, a related partyto Mr Nunn. - Mr Ian Harebottle, director will increase his interests in Tanzanite OneLimited held indirectly via Tanzanite One (SA) Ltd from 166,667 to 254,912shares. The increase reflects 181,850 new shares to be issued following theexercise of 181,850 unlisted options and a sale of 93,605 shares to providefunding for the exercise of the options and associated taxes. - Mr Mark Summers, director will increase his interests in Tanzanite One Limitedheld indirectly via Tanzanite One (SA) Ltd from 83,333 to 127,333 shares. Theincrease reflects 90,925 new shares to be issued following the exercise of90,925 unlisted options and a sale of 46,925 shares to provide funding for theexercise of the options and associated taxes. The options are expected to be exercised on 2 November 2005. Further details ofthese transactions are set out below: No. of options Exercise Shares Sale Resultant % issuedDirector to be exercised price sold price shareholding class Mike 90,925 25.5p 46,925 123p 14,372,227 20.3%Nunn Ian 181,850 25.5p 93,605 123p 254,912 0.4%Harebottle Mark 90,925 25.5p 46,925 123p 127,333 0.2%Summers Application will be made for a total of 415,531 new common shares to be admittedto trading on the AIM Market of London Stock Exchange plc following the exerciseof these options, and the exercise of an additional 51,831 options by employeesof the Company. The new common shares will rank pari passu with existing common shares anddealings are expected to commence in the new common shares at 8.00 a.m. on 4November 2005. Following the above there will be 70,789,342 common shares on issue. For further information, please contact: Tanzanite One Limited In United Kingdom:Willi Boehm, Company Secretary Conduit PR+61 409969955 Leesa Peters +44 20 7618 8760 In South Africa:Tanzanite One (SA) LimitedMark Summers, Chief Financial OfficerTanzanite One SA Ltd+27 11 214 1000 or visit: www.tanzaniteone.com This information is provided by RNS The company news service from the London Stock Exchange