Business
Exercise of Options
Exercise of Options.
About this update from Corcel Plc
[{"type":"text","content":"\n RNS Number : 9702Z Regency Mines PLC 24 January 2011 \n \n\n \nREGENCY MINES PLC\n \nExercise of Options and Issue of Equity\n \nDated: 24 January 2011\n \nRegency Mines PLC (\"Regency\" or the \"Company\") has been notified of the exercise on 21 January 2011 by John Watkins of 500,000 options to subscribe for new ordinary shares of 0.1p in the Company (\"Ordinary Shares\") at a price of 2.5 pence per Ordinary Share.\n \nAs a result of this exercise of options, John Watkins directly holds 3,150,000 Ordinary Shares in the Company. This holding represents 0.58% of the Company's issued ordinary share capital.\n \nIn addition to his interest in the Ordinary Share capital of the Company stated above, Mr Watkins remains interested in the following options to subscribe for the Company's Ordinary Shares.\n \n\n\n\n\n \n\n\nNumber of Options\n\n\nExpiry Date\n\n\nExercise Price\n \n\n\n\n\nJohn Watkins\n\n\n1,000,000\n\n\n11 May 2012\n\n\n4.5 pence\n\n\n\n\n \n\n\n500,000\n\n\n30 Sept 2014\n\n\n3.5 pence\n\n\n\n\n \nRegency has also been notified of the exercise by other option holders of 650,000 options to subscribe for new Ordinary Shares of 0.1p in the Company at a price of 1.25 pence per Ordinary Share.\n \nApplication will been made for the new Ordinary Shares, which rank pari passu with the Company's existing issued ordinary share capital, to be admitted to trading on AIM. It is expected that the admission of the New Ordinary Shares to trading on AIM will occur on Friday 28 January 2011.\n \nFollowing the issue and allotment of the new Ordinary Shares, the Company will have 544,536,741 ordinary shares in issue.\n \n\n \nEnquiries:\n \nRegency Mines PLC Andrew Bell, Chairman 0207 402 4580\n Sandra Spencer, Pub...