31 Mar 2014 10:53
31 March 2014
Stratmin Global Resources Plc
('Stratmin' or the 'Company')
Issue of Shares
Stratmin (AIM: STGR), the graphite production and exploration company with assets in Madagascar, announces that it has today issued 1,490,890 new ordinary shares of 4p each ("Ordinary Shares") to certain directors of the Company in lieu of unpaid salary and fees.
The table below sets out the new Ordinary Shares to be issued to those directors and their aggregate shareholdings, as well as any derivative holdings, in the Company following this issue:
Director | Number of new Ordinary Shares to be issued | Total shareholding following the issue of the new Ordinary Shares | Total shareholding as a % of issued share capital following the issue of the new Ordinary Shares | Total option / warrant holding in the Company | |
Jeffrey Marvin | 916,667 | 916,667 | 0.91% | 479,040 | |
David Premraj | 305,556 | 305,556 | 0.30% | nil | |
Manoli Yannaghas | 268,667 | 306,167 | 0.30% | 2,250,000 | |
In addition, the Company has issued a total of 1,480,529 new Ordinary Shares to certain consultants and contractors, including former Non-Executive Chairman Gobind Sahney, in respect of services provided to the Company and to satisfy certain other existing commitments.
Application has been made to the London Stock Exchange for admission of the new Ordinary Shares to trading on AIM and it is expected that Admission will take place and that trading will commence on AIM on or around 4 April 2014. Following admission of the new Ordinary Shares, the Company will have a total of 100,669,953 ordinary shares of 4p each in issue with each share carrying the right to one vote.
Total Voting Rights
The Company has no Ordinary Shares held in treasury. The aforementioned total number of voting rights in the Company following the issue of the new Ordinary Shares will therefore be 100,669,953. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
For further information please visit www.stratminglobal.com or contact:
Stratmin Global Resources Plc
Manoli Yannaghas (Managing Director) +44 (0) 20 7467 1700
Strand Hanson Limited (Nominated Adviser)
James Spinney / Ritchie Balmer +44 (0) 20 7409 3494
Hume Capital Securities plc (Broker)
Jon Belliss / Abigail Wayne +44 (0) 20 3693 1470
Blytheweigh(Financial PR)
Tim Blythe / Halimah Hussain / Camilla Horsfall +44 (0) 20 7138 3204
-ends-
Stratmin Global Resources (STGR)