Business
Exercise of Share Options, Director Dealing & TVR
Exercise of Share Options, Director Dealing & TVR.
About this update from Jangada Mines Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9985T\n Jangada Mines PLC\n 30 March 2021\n \n \n \n \n Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining\n \n \n 30 March 2021\n \n \n Jangada Mines plc\n \n \n \n \n \n Exercise of Share Options, Director Dealing and TVR\n \n \n \n \n \n Jangada Mines plc (\"Jangada\" or \"the Company\"), a natural resources company, announces that on 29 March 2021, Nick von Schirnding, a Non-Executive Director of the Company, exercised share options in respect of 2,000,000 ordinary shares of £0.0004 pence each of the Company (\"Ordinary Shares\") at a price of 2 pence each. This exercise was satisfied by the allotment of 2,000,000 new Ordinary Shares (the \"Option Shares\").\n \n \n \n \n \n The Option Shares were subsequently sold at a price of 8 pence each. The sale was partially carried out to fund the exercise cost of the options as well as to meet ordinary tax liabilities incurred following the exercise of the options. \n \n \n \n \n \n Nick von Schirnding holds 253,333 Ordinary Shares and retains a holding of 1,000,000 options, exercisable at 2 pence each, over Jangada's share capital.\n \n \n \n \n \n The Company also announces that share options over a further 600,000 Ordinary Shares were exercised by a consultant to the Company, at a price of 2 pence each. This exercise was satisfied by the allotment of 600,000 new Ordinary Shares (the \"Consultant Shares\"). \n \n \n \n \n \n Admission and Total Voting Rights\n \n \n Application has been made for the Option Shares and the Consultant Shares, totalling, in aggregate, 2,600,000 new Ordinary Shares to be admitted to trading on AIM (\"Admission\"), and Admission is expected to occur on or around 7 April 2021. These shares will rank pari passu with the ordinary shares of the Company in issue. \n \n \n \n \n \n Following admission to trading on AIM of the Option Shares and the Consultant Shares, the Company will have 258,602,032 Ordinary Shares in issue, each with voting rights. Accordingly, 258,602,032 Ordinary Shares may be used by shareholders as the denominator for the calculations which will determine whether they are required to notify their interest in the company, or any change to that interest, under the Financial Conduct Authority's Disclosure and Transparency Rules.\n \n \n \n...