Issue of Equity

RNS Number : 8993M

Red Rock Resources plc

01 June 2010

 



RED ROCK RESOURCES PLC

Exercise of Options and Issue of Equity

Dated: 1 June 2010

Red Rock Resources PLC ("Red Rock" or the "Company") has today allotted 3,800,000 new ordinary shares of 0.1 pence each ("New Ordinary Shares") pursuant to the notification of the exercise of 3,300,000 options to subscribe for Ordinary Shares in the Company at a price of 1 pence per share and of the exercise of 500,000 options to subscribe for Ordinary Shares in the Company at a price of 1.25 pence per share, including the following exercises by directors of the Company:

	Number of Options Exercised	Exercise Price
Andrew Bell	1,800,000	1  pence
Manoli Yannaghas	500,000	1 pence
John Watkins	500,000	1.25 pence

As a result of this exercise of options, John Watkins directly holds 2,500,000 Ordinary Shares in the Company, representing 0.43 per cent. of the Company's issued ordinary share capital; Manoli Yannaghas directly holds 750,000 Ordinary Shares in the Company, representing 0.13 per cent. of the Company's issued ordinary share capital; and Andrew Bell holds 1,800,000 Ordinary Shares in the Company, representing 0.31 per cent. of the Company's issued ordinary share capital.

In addition to their interests in the Ordinary Share Capital of the Company stated above, Mr Bell, Mr Yannaghas and Mr Watkins remain interested in the following options to subscribe for the Company's Ordinary Shares.

	Number of Options	Expiry Date	Exercise Price
Andrew Bell	10,000,000	3 June 2014	1.1 pence
	3,000,000	31 May 2011	1.25 pence
	750,000	11 May 2012	3.5 pence
Manoli Yannaghas	750,000	31 May 2011	1.25 pence
John Watkins	750,000	11 May 2012	3.5 pence

Application will been made for the New Ordinary Shares, which rank pari passu with the Company's existing issued ordinary share capital, to be admitted to trading on AIM. It is expected that the admission of the New Ordinary Shares to trading on AIM  will occur on Monday 7 June 2010.

Following the issue and allotment of the new Ordinary Shares, the Company will have 583,908,812 ordinary shares in issue.

For further information contact:

Andrew Bell	0207 402 4580    or 07766 474849	Red Rock Resources plc	Chairman
Peter Trevelyan-Clark/Ben Jeynes	020 7444 0800	Religare Capital Markets	Nominated Adviser
Nick Emerson	01483 413500	Simple Investments Ltd	Broker
Ron Marshman	020 7011 9411	City of London PR	Public Relations

Updates on the Company's activities are regularly posted on its website www.rrrplc.com.

 

END

 

 

IOESSFFMFFSSEIM