Exercise of Share Options

RNS Number : 3171E

Tiger Resource Finance PLC

29 May 2012

 



Tiger Resource Finance plc ("Tiger" or the "Company") Exercise of share options Tiger announces that it has today issued and allotted 15,760,000 new Ordinary shares of 1p each ('Ordinary Shares'), as a result of the exercise of options. The Company has applied for admission of these new Ordinary Shares to trading on the AIM Market of the London Stock Exchange and such admission is expected to occur on 5 June 2012. Bruce Rowan and Colin Bird, both directors of the Company, exercised 10,000,000 and 5,760,000 options respectively at a strike price of 1.25 pence per Ordinary Share on 28 May 2012. Following the issue of these Ordinary Shares, the Company will have 142,831,939 Ordinary Shares in issue including 4,500,000 shares held in treasury.  The number of voting rights in the Company will therefore be 138,331,939. Following this issue, the interests of the Directors in the issued share capital in the Company will be as follows: Director Ordinary Shares Percentage of issued share capital (excluding shares held in Treasury) Bruce Rowan 58,366,239 42.19% Colin Bird 7,395,000 5.35% Michael Nolan (1) 1,315,000 0.95% Raju Samtani 500,000 0.36% (1) 1,295,000 of these shares are held by J.S. Consult Limited Pension Fund. Michael Nolan is the sole beneficiary of this pension fund. Contacts Tiger Resource Finance plc Bruce Rowan, Chairman Tel: [phone] Raju Samtani, Director Tel: [phone] finnCap Tel: [phone] Corporate Finance - Matthew Robinson/ Christopher Raggett

 

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