African Consolidated Resources Plc Issue Of Shares, Directors' Dealings And Total Voting Rights
December 10 2014 - 2:00AM
UK Regulatory
TIDMAFCR
African Consolidated Resources plc / Ticker: AFCR / Index: AIM / Sector:
Mining
10 December 2014
African Consolidated Resources plc
("AFCR" or the "Company")
Issue of Shares and Directors' Dealings
Total Voting Rights
African Consolidated Resources plc, the AIM listed resource and
development company, announces the following issues of new ordinary
shares of 1p each in the Company ("Ordinary Shares"):
The issue of Ordinary Shares, on the same terms as announced on 24
October 2014, to pay a fixed proportion of basic remuneration for the
thirteen month period ending 31 July 2014 in respect of certain
directors and employees remuneration:
Ordinary
Shares
issued at
Remuneration applied as a subscription for Shares 2p per
(GBP) share
Roy Tucker 78,542 3,927,100
Michael Kellow
(former
director) 83,950 4,197,900
The issue of 3,000,000 Ordinary Shares at a price of 1.5p per Ordinary
Share to Craig Hutton, former Chief Executive Officer of the Company, as
part of his termination agreement.
The issue of 1,900,000 Shares at a price of 2p per Ordinary Share to
certain former employees of the Company in respect of services rendered.
Application has been made to the London Stock Exchange for 13,025,000
new Shares to be admitted to trading on AIM ("Admission"). Admission is
expected to occur at 8:00 am on 15 December 2014.
The resultant holding of the directors following these issues is as
follows. These holdings do not include any interests over Ordinary
Shares held through contracts with the Company's Employment Benefit
Trust.
Number of Shares Percentage of enlarged share capital
Roy Tucker 13,595,517 1.57
William Battershill 15,700,375 1.82
Following Admission, the total number of voting rights in the Company
will be 863,562,664 with each Ordinary Share carrying the right to one
vote.
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 ACR under the FSA's Disclosure and Transparency Rule.
**ENDS**
For further information, please contact:
African Consolidated Resources plc www.afcrplc.com
Roy Tucker (Finance Director) +44 (0) 1622 816918
Roy Pitchford (Chief Executive Officer) +44 (0) 7920 189012
+263 (0) 7721 69833
+40 (0) 7411 11900
Strand Hanson Limited - Financial & Nominated Adviser www.strandhanson.co.uk
James Spinney +44 (0) 20 7409 3494
Ritchie Balmer
James Bellman
Daniel Stewart and Company - Broker www.danielstewart.co.uk
Martin Lampshire +44 (0) 20 7776 6550
Colin Rowbury
St Brides Media & Finance Ltd www.stbridesmedia.co.uk
Susie Geliher +44 (0) 20 7236 117
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: African Consolidated Resources Plc via Globenewswire
HUG#1878670
http://www.acrplc.com/
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