Business
Issue of Equity and Directors Shareholdings
Issue of Equity and Directors Shareholdings.
About this update from Eurasia Mining Plc
[{"type":"text","content":"\n \nRNS Number : 1378U Eurasia Mining PLC 05 April 2016 \n\nEurasia Mining plc\n(\"Eurasia\" or the \"Company\")\n \nIssue of Equity and Directors Shareholdings\n \nEurasia Mining plc (\"Eurasia\" or \"the Company\"), the PGM exploration and development company focused on Russia, announces that it has issued 13,388,100 Ordinary Shares of 0.1 pence at 0.77 pence per share (the \"New Shares\") in settlement of invoices for various services including accrued directors fees. The issue is at a 10% premium to the current share price that closed at 0.70 pence per share last Friday.\n \nOf the New Shares, 11,465,893 Ordinary Shares are being issued to directors as set out as follows:\n \n\n\n\n\nName\n\n\nNumber of New Shares\n\n\n Total Number of Ordinary Shares held\n\n\nPercentage of total issued share capital\n\n\n\n\nChristian Schaffalitzky\n\n\n5,580,942\n\n\n38,715,242\n\n\n2.97%\n\n\n\n\nGary Fitzgerald\n\n\n1,129,870\n\n\n18,039,156\n\n\n1.38%\n\n\n\n\nMichael Martineau\n\n\n2,012,987\n\n\n17,062,172\n\n\n1.31%\n\n\n\n\nDmitry Suschov*\n\n\n2,742,094\n\n\n 284,300,143\n\n\n21.79%\n\n\n\n\n \n* Dmitry Suschov is deemed to have an interest in 284,300,143 Ordinary Shares representing 21.79% of the issued share capital of the Company, of which 234,500,000 Ordinary Shares are held by Deloan Investments Limited, a company controlled by Mr Suschov.\n \nApplication will be made for the New Shares, which rank pari passu with all existing ordinary shares, to be admitted to trading on AIM (\"Admission\"). Admission is expected to take place on or around 11 April 2016.\n \nFollowing the issue of the New Shares the number of Ordinary Shares in issue will increase to 1,304,954,237. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules (\"DTRs\"), the issued ordinary share capital of the Company following this allotment consists of 1,304,954,237 Shares with voting rights attached (one vote per Share). There are no Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Eurasia under the DTRs.\n \nChristian Schaffalitzky said: \"We believe the fact that the d...