Exercise of Options, Issue of Equity, Total Vot...
African Consolidated Resources plc / Ticker: AFCR / Index: AIM / Sector: Mining
4 July 2011
African Consolidated Resources plc ('ACR' or the 'Company')
Exercise of Options
Issue of Equity
Total Voting Rights
ACR, the AIM listed southern African focused resource development company, was
notified on 29 June 2011 that 3,250,000 options over ordinary shares in the
Company (the 'Options') were exercised at a price of 4.5 pence per ordinary
share.
The Options were granted at the time of the Company's admission to AIM on 29
June 2006 and were to expire on 29 June 2011. Â 1,000,000 of the Options were
granted to Andrew Cranswick, a Director of the Company, but were assigned to an
outside assignee on 3 May 2011 as detailed in an announcement made by the
Company on 5 May 2011.
Application has been made for the admission of 3,250,000 ordinary shares (the
'New Shares') to trade on AIM and admission is expected to become effective on
8 July 2011. The New Shares will rank pari passu in all respects with the
Company's existing ordinary shares.
Following admission of the New Shares, the total number of voting rights in the
Company will be 456,586,451.
The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in ACR under the FSA's Disclosure and
Transparency Rules.
**ENDS**
For further information visit www.acrplc.com or please contact:
Roy Tucker African Consolidated Resources plc +44 (0) 1622 816918
+44 (0) 7920 189012
Andrew Godber Panmure Gordon (UK) Limited +44 (0) 207 459 3600
Callum Stewart Panmure Gordon (UK) Limited +44 (0) 207 459 3600
Abhishek Majumdar Panmure Gordon (UK) Limited +44 (0) 207 459 3600
Susie Geliher St Brides Media & Finance Ltd +44 (0) 20 7236 1177
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: African Consolidated Resources Plc via Thomson Reuters ONE
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