Blocklisting Application

RNS Number : 7027Z

Shanta Gold Limited

12 December 2014

 



Shanta Gold Limited

("Shanta Gold" or the "Company")

Blocklisting Application

Shanta Gold, the East African focused gold producing company, announces that an application has been made to the London Stock Exchange for a blocklisting of 5,000,000 ordinary shares of 0.01 pence each in the Company ("Ordinary Shares"). Admission of the Ordinary Shares under the blocklisting is expected to take place on 18 December 2014.

The Ordinary Shares will be issued from time to time, pursuant to the exercise of awards or options over Ordinary Shares and grants of Ordinary Shares under the Shanta Gold Limited Long Term Incentive Plan (the "LTIP"). Within the LTIP, there are approximately 7.1 million share options and salary sacrifice shares as well as 7.9 million retention LTIP shares, performance LTIP shares and bonus shares. The 15,000,000 shares granted under the LTIP amount to 4% of the shares currently in issue.  

It is expected that the blocklisting will become effective on 18 December 2014 and the Ordinary Shares, when issued, will rank pari passu in all respects with the existing ordinary shares.

Enquiries:

Shanta Gold Limited	Tel: [phone]
Mike Houston, CEO
Patrick Maseva-Shayawabaya, CFO
Peel Hunt LLP	Tel: [phone]
Nominated Adviser & Joint Broker
Matthew Armitt/Ross Allister
GMP Securities Europe LLP	Tel: [phone]
(Joint Broker)
Richard Greenfield/Alexandra Carse
FTI Consulting	Tel: [phone]
(Financial Public Relations)
Oliver Winters/Sara Powell

About Shanta Gold Limited

Shanta Gold is an East African focused gold producing company. It currently has defined ore resources on the New Luika and Singida projects in Tanzania and holds exploration licences over a number of additional properties. The Company's flagship New Luika Gold Mine commenced production in 2012 and produced 64,000 ounces in 2013. The Company is admitted to trading on AIM and has approximately 464 million shares in issue. For further information visit the Company's website: www.shantagold.com.

 

END

 

 

BLRFFWFWEFLSEFE