Issue of Equity (8302B)
25 Febrero 2011 - 1:00AM
UK Regulatory
TIDMPNG
RNS Number : 8302B
Persian Gold PLC
25 February 2011
25 February 2011
Persian Gold plc ("Persian Gold" or the "Company")
Issue of Equity
The Directors of Persian Gold and certain senior management of
the company have exercised the following options and warrants:
Options at 0.25p Options at 2.5p Warrants at 4.0p
per new ordinary per new ordinary per new ordinary
share share share
------------------ ------------------ ------------------ ------------------
John James
Teeling 1,600,000 300,000 937,500
------------------ ------------------ ------------------ ------------------
James Michael
Finn 1,000,000 300,000 625,000
------------------ ------------------ ------------------ ------------------
David John Horgan 700,000 200,000 625,000
------------------ ------------------ ------------------ ------------------
Jack Robert
Teeling 1,000,000 300,000 312,500
------------------ ------------------ ------------------ ------------------
Dr. Manouchehr
Takin - - 150,000
------------------ ------------------ ------------------ ------------------
Senior Management 60,000 60,000 9,363
------------------ ------------------ ------------------ ------------------
Persian Gold has issued and allotted 8,179,363 new ordinary
shares pursuant to the exercise of options and warrants as set out
in the table above.
Application to the London Stock Exchange has been made for these
new Ordinary Shares to be admitted to trading on AIM ('Admission').
It is expected that Admission will become effective on 2 March
2011.
The new Ordinary Shares will rank pari passu with the existing
Ordinary Shares of the Company.
Following the issue of these shares the Company has 85,807,198
fully paid ordinary shares in issue and the Directors will have the
following holdings in the Company:
Number of Ordinary Percentage of issued
Shares Ordinary Share Capital
---------------------- ------------------- ------------------------
John James Teeling* 14,512,900 16.91%
---------------------- ------------------- ------------------------
James Michael Finn 7,875,400 9.18%
---------------------- ------------------- ------------------------
David John Horgan** 6,975,000 8.13%
---------------------- ------------------- ------------------------
Jack Robert Teeling 6,337,500 7.39%
---------------------- ------------------- ------------------------
Dr. Manouchehr Takin 450,000 0.52%
---------------------- ------------------- ------------------------
* 9,600,000 Ordinary Shares registered in the name of Davy Crest
Nominees are beneficially owned by John Teeling.
** 2,000,000 Ordinary Shares are registered in the name of Alana
Horgan, the daughter of David Horgan and 1,525,000 Shares are
registered in the name of Aran Horgan, the son of David Horgan.
Enquiries:
Persian Gold plc
John Teeling, Chairman
David Horgan, Managing Director
James Finn, Finance Director +353 (0) 1 833 2833
Nominated Adviser and Joint Broker
Shore Capital
Pascal Keane
Toby Gibbs +44 (0)20 7408 4090
Joint Broker
Optiva Securities Limited
Jeremy King +44(0)20 3137 1904
College Hill
Nick Elwes +44 (0)20 7457 2020
This information is provided by RNS
The company news service from the London Stock Exchange
END
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