Upland Resources Limited Charitable Donation of Shares by Upland CEO (1328E)
14 Julio 2016 - 1:00AM
UK Regulatory
TIDMUPL
RNS Number : 1328E
Upland Resources Limited
14 July 2016
14th July 2016
Upland Resources Limited
("Upland" or the "Company")
Charitable donation of shares to the Arctic Research Group by
CEO
With the consent of the Board of Directors of Upland, Dr Stephen
Staley, Chief Executive Officer, has made a charitable donation,
for nil consideration, of one million ordinary shares in Upland to
the Arctic Research Group ("ARG"), a UK charity with registered
charity number 1167722. Prior to the donation Dr Staley held
17,287,564 shares, representing approximately 8.1% of the shares in
issue; after the donation he will hold 16,287,564 shares,
representing some 7.6% of shares in issue.
The ARG (http://arcticresearchgroup.org) is an organisation
whose object is the advancement of knowledge about the High Arctic
through scientific research and the dissemination of the results of
this research for the benefit of the public.
Upland CEO, Stephen Staley commented:
"The Arctic Research Group is a charity that carries out
important scientific and educational work on one of our planet's
most fragile environments. Over the nearly three decades that it
has been operating, it has organised, financed and staffed nine
expeditions to some of the most remote and demanding parts of the
Svalbard archipelago. Svalbard's landscape is a harsh one of
glaciers, fjords and tundra, the islands lying between northern
Norway and the North Pole, but it also hosts the world's most
northerly coal mines.
Amongst the numerous projects it has carried out, it has
developed and run a novel, satellite-linked system for monitoring
glacier ice movement, winning a Rolex Award through the Royal
Geographical Society in the same year. It has also carried out
studies ranging from the impact of coal waste on the local ecology
and of climate change on glacier systems to the effects of
personality traits on the ability of individuals to cope with
prolonged exposure to a hostile environment.
Perhaps its greatest achievement is in passing on enthusiasm for
the High Arctic to the next generation of explorers and scientists.
Each expedition is a conscious mix of the young and the not so
young. I now fall firmly in the latter category, but at the age of
23, my first season in the Arctic was one of the most positive and
formative periods of my life. The ARG allows other young scientists
to travel to the otherwise inaccessible High Arctic, opens up new
opportunities to them and makes them aware of the problems the area
faces. Through this donation, I am pleased to be able to give
something back.
The shares are now for the ARG to use as it sees fit, with the
objective being that it will one day be able to use the proceeds of
any sale to help young academics to collaborate on invaluable
research and to continue to develop the new techniques and ideas
promoted by the ARG.
The shares will be held with our house broker, Optiva
Securities, and should the ARG wish to realise their value at an
appropriate time, then the ARG has agreed to an orderly market of
the shares through our brokers"
**Ends**
Contacts:
Upland Resources Limited www.uplandres.com
============================ =========================================================
Steve Staley, CEO Tel: 0208 675 9685
s.staley@uplandres.com
============================ =========================================================
Optiva Securities Limited
============================ =========================================================
Jeremy King (Corporate Tel: 020 3137 1904
Finance) jeremy.king@optivasecurities.com
============================ =========================================================
Christian Dennis (Corporate Tel: 020 3411 1882 christian.dennis@optivasecurities.com
Broker)
============================ =========================================================
FlowComms Ltd www.flowcomms.com
============================ =========================================================
Sasha Sethi (Investor Tel: 07891 677 441
Relations) sasha@flowcomms.com
============================ =========================================================
This information is provided by RNS
The company news service from the London Stock Exchange
END
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