RNS Number:6974O
Namibian Resources PLC
25 February 2008
NAMIBIAN RESOURCES PLC
PLACING OF NEW SHARES
Namibian Resources PLC announces that it has placed 1,000,000 new ordinary
shares of 10p each at par with its directors to raise £100,000. Application is
being made for the new shares to be admitted to trading on AIM and such
admission is expected to become effective on 29th February 2008.
The cash of £100,000 will be used for working capital and to complete the
purchase of additional equipment and for repairs to increase the throughput of
diamondiferous gravels and provide a back up in the event of plant breakdowns.
The placing has been taken up as follows:
Name of Director Number of shares Cash subscribed
Lord Sheppard of Didgemere 350,000 £35,000
A C A Carlton 100,000 £10,000
D G Sutherland 100,000 £10,000
O Plummer 50,000 £5,000
B M Moritz 400,000 £40,000
Following the placing the interests of the Directors in the share capital of the
company are as follows:
Name of Director Number of shares
issued share capital Percentage of total
Lord Sheppard of Didgemere 3,650,000 9.14%
A C A Carlton 1,615,000 4.00%
D G Sutherland 100,000 0*25%
O Plummer 606,407 1.51%
B M Moritz 2,994,616 7.50%
A C A Carlton
Chief Executive
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEEAKASAESPEFE
|