Business
Director/PDMR Notifications
Director/PDMR Notifications.
About this update from Goldstone Resources Limited
[{"type":"text","content":"\n \nRNS Number : 4857S Goldstone Resources Ltd 03 October 2017 \n\n03 October 2017\n \nGOLDSTONE RESOURCES LIMITED\n(\"GoldStone\" or the \"Company\")\n \nDirector/PDMR Notifications\n \nGoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, announces the following issues of a total of 643,315 ordinary shares of 1 penny each (\"Ordinary Shares\") to directors of the Company in lieu of salaries accrued in September 2017 (\"Fee Shares\"). As set out in the Company's announcements of 3 April 2017 and 2 June 2017, the Directors have agreed, in order to preserve cash, to convert salaries and fees through to the end of September 2017 into Ordinary Shares. \n \nThe number of Fee Shares to be issued in respect of such fees and salaries for September 2017 has been calculated by reference to the volume weighted average price of the Ordinary Shares for the period of 30 days prior to the 1 October 2017, being 1.92p.\n \nIn addition to the Fee Shares, the Board have agreed to issue 96,153 Ordinary Shares to Neil Gardyne in respect of his salary for October, due in respect of his one month notice period following his resignation from the Board announced yesterday (the \"Additional Fee Shares\"). The number of Additional Fee Shares has been calculated based on the closing mid market price of the Company's Ordinary Shares on 2 October 2017 of 2.08p, being the latest practicable date prior to this announcement. \n \nThe Fee Shares to be issued to each of the Directors in respect of accrued fees and salaries for the month of September 2017, the Additional Fee Shares and the resulting interests in Ordinary Shares are set out below:\n \n\n\n\n\n \n\n\nExisting Holding\n\n\nNew Fee Shares\n\n\nResultant Holding\n\n\nResultant Percentage Holding\n\n\n\n\nNeil Gardyne\n\n\n 1,020,778\n\n\n 200,474\n\n\n 1,221,252\n\n\n0.49%\n\n\n\n\nEmma Priestley\n\n\n 4,253,218\n\n\n 434,673\n\n\n 4,687,891\n\n\n1.88%\n\n\n\n\nRichard Lloyd\n\n\n 1,020,778\n\n\n 104,321\n\n\n 1,125,099\n\n\n0.45%\n\n\n\n\n \n \nAdmission and Total Voting Rights\n \nApplication will be made for the 739,468 Fee Shares and Additional Fee Shares to be admitted to trading on AIM (\"Admission\"). Admission and dealing...