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Amedeo Resources PLC (AMED)

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Friday 13 March, 2015

Amedeo Resources PLC

Issue of Warrants and Directors' Dealings

RNS Number : 4349H
Amedeo Resources PLC
13 March 2015
 

13 March 2015

Amedeo Resources Plc

 

("the Company")

Issue of Warrants and Directors' Dealings

 

The Company announces that on 12 March the Company granted warrants to subscribe for new ordinary shares of 0.01p in the Company ("Ordinary Shares") to Mr Glen Lau, CEO of the Company, as set out below ("Warrants").

Number of Warrants

Exercise Price

Expiration Date

260,721,118

1.0p

11 March 2025

 

 

The Warrants have time and share price performance vesting conditions.

 

In addition to the 25,000,000 warrants held by Fulton Capital Management Limited, a company of which Mr Lau is a director, the new grant takes Mr Lau's warrant position to 285,721,118 warrants, representing 7.5% of the fully diluted outstanding ordinary shares of the Company.

 

The Company's policy is to align directors' interests with those of shareholders by remunerating primarily with performance related equity instruments while keeping cash remuneration low.

 

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
 
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