Business
Issue of Equity - share placing
Issue of Equity - share placing.
About this update from Anglesey Mining Plc
[{"type":"text","content":"\n \nAnglesey Mining plc LSE:AYM\n\n10 January 2011\n\nPlacing of new shares and exercise of share options by directors\n\nAnglesey Mining plc is pleased to announce that Gartmore Investment and one\nother institution have today agreed to subscribe a total of £2.8 million in\nrespect of the issue of 5,000,000 new ordinary shares at 56 pence per share,\nrepresenting approximately 3.2% of the company's enlarged issued share capital.\n\nThe shares to be issued comprise 2.5 million new ordinary shares to be placed\nby the company for cash and 2.5 million new ordinary shares to be placed on\nbehalf of certain directors of the company pursuant to the exercise of share\noptions by them, in each case at a price of 56 pence per ordinary share.\n\nThe combined transactions will result in the orderly placement of the shares\nissued upon the exercise of directors' options and in £1.58 million (before\nexpenses) being received by the company, which will be used for future working\ncapital.\n\nThe company is very pleased to see Gartmore Investment increasing its\nshareholding. Following completion of these transactions, Gartmore will hold\n5.2 million shares in the company representing 3.3% of the total issued share\ncapital.\n\nThe share options (granted under the company's 2004 Unapproved Share Option\nScheme) and shareholdings of all the directors are set out in the following\ntable.\n\n Holding before Options Shares Holding after transactions \n transactions exercised sold \n \n Director Number of Number of Number of Number of % of \n options ordinary options ordinary issued \n shares shares ordinary\n shares \n \nJohn Kearney 5,400,000 - 400,000 400,000 5,000,000 - 3.3%\n \nBill Hooley 2,900,000 100,000 400,000 400,000 2,500,000 100,000 1.7%\n \nIan 2,100,000 1,027,300 400,000 400,000 1,700,000 1,027,300 1.8%\nCuthbertson \n \nDavid Lean 700,000 - - - 700,000 - 0.5%\n \nHoward Miller 900,000 - 300,000 300,000 600,000 - 0.4%\n \nRoger Turner 1,100,000 - 600,000 600,000 500,000 - 0.3%\n \nDanesh Varma 1,400,000 - 400,000 400,000 1,000,000 - 0.7%\n \n\nThe new ordinary shares of 1 pence each to be issued in respect of these\ntransactions will rank pari passu with the existing ordinary shares of the\ncompany. All transactions are conditional on the admission of the new ordinary\nshares to the Official List and to trading on the London Stoc...