EMED Mining Public Limited: Exercise of Options
NICOSIA, CYPRUS -- (Marketwired) -- 06/18/13 -- EMED Mining Public Limited
(TSX: EMD) (AIM: EMED)
AIM: EMED
TSX: EMD
18 June 2013
EMED Mining Public Limited
("EMED Mining" or the "Company")
Exercise of Options
EMED Mining Public Limited, the Europe-based minerals development and
exploration company, announces that it has received notice that a
number of its employees, directors and advisers exercised options over
6,533,000 ordinary shares of 0.25 pence each in the capital of the
Company ("Ordinary Shares"). All of these options were originally
granted on 22 March 2009 and have an exercise price of 4.13 pence per
Ordinary Share.
Of the options that have been exercised, options over 1,000,000
Ordinary Shares were exercised by EMED Mining's Chairman, Ronnie
Beevor; options over 2,000,000 Ordinary Shares were exercised by
Semarang Limited, a company associated with Harry Anagnostaras-Adams,
EMED Mining's Managing Director; options over 1,500,000 Ordinary Shares
were exercised by EMED's Finance Director, John Leach; and options over
500,000 Ordinary Shares were exercised by non-executive director
Ashwath Mehra. All directors retained the shares.
Following the above exercise of options, Mr Beevor has a beneficial
interest in 8,400,000 Ordinary Shares; Mr Anagnostaras-Adams
11,8000,000 Ordinary Shares; Mr. Leach 3,960,000 Ordinary Shares; and
Mr. Mehra 500,000 Ordinary Shares representing 0.71%, 1.00%, 0.33% and
0.04% respectively of the Company's issued share capital following the
issue of the Ordinary Shares pursuant to the exercise of options.
The Company has made application to the London Stock Exchange for
6,533,000 new Ordinary Shares to be admitted to trading on AIM
("Admission"). It is expected that Admission will become effective on
or about 21 June 2013.
Following the issue of Ordinary Shares pursuant to the exercise of
options, the Company will have 1,183,698,948 Ordinary Shares in issue.
Enquiries
EMED Mining Harry Anagnostaras-Adams +357 9945 7843
RFC Corporate Finance Stuart Laing +61 8 9480 2500
Fox-Davies Capital Susan Walker +44 203 463 5028
Bishopsgate
Communications Nick Rome +44 207 562 3350
Proconsul Capital Andreas Curkovic +1 416 577 9927
Note re US Securities
The Ordinary Shares have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities
Act"), or any U.S. state securities laws and may not be offered or sold
in the United States absent registration or an available exemption from
the registration requirements of the U.S. Securities Act and applicable
U.S. state securities laws. No securities commission has approved or
disapproved the contents of this press release.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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