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Amedeo Resources PLC (AMED)

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Friday 20 March, 2015

Amedeo Resources PLC

Director Dealings

RNS Number : 0931I
Amedeo Resources PLC
20 March 2015
 

 

Amedeo Resources Plc

("the Company")

Director Dealings

The Company announces that on 19 March, Zafarullah Karim purchased existing warrants from a third party to subscribe for new ordinary shares of 0.01p in the Company ("Ordinary Shares") for a consideration of £20,000 in cash as set out below ("Warrants").

 

Number of Warrants

Exercise Price

Expiration Date

33,315,774

1.0p

31 Jan 2025

The Warrants, which are transferrable, can be exercised at 1.0p only after certain share price performance conditions have been met and certain time periods have elapsed.

In addition to the 109,544,785 warrants held by Zafarullah Karim, the purchase takes Mr Karim's warrant position to 142,860,559 warrants, representing 3.7% of the fully diluted outstanding ordinary shares of the Company.

ENDS

For further information please visit www.amedeoresources.com or contact:

Enquiries:

Glen Lau

Chief Executive Officer

Amedeo Resources Plc

Tel office: +44 20 7583 8304   

Zafar Karim

Executive Director

Amedeo Resources Plc 

Tel office: +44 20 7583 8304   

 

Paul Shackleton /Andrew Kitchingman

Nominated Adviser & Broker

WH Ireland

Tel office: +44 113 394 6600

Saif Janjua

Joint Broker

Beaufort Securities Limited

Tel office: +44 20 7382 8300

 

Notes

Amedeo Resources plc is an investment company whose policy is to invest principally, but not exclusively, in the resources and resources infrastructure and asset sectors. Amedeo has a deep and broad global network and wide contact base in these sectors, including in East and South East Asia and the Middle East which it leverages to source and make investments. These sectors exhibit high growth and are strategically important. Amedeo is a proactive investor which assists its investee companies to grow by providing investment, expertise and contacts.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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