Business
Sale of fractional entitlemen
Sale of fractional entitlemen.
About this update from Rome Resources Plc
[{"type":"text","content":"\n RNS Number : 9578G Pathfinder Minerals PLC 10 February 2010 \n \n\n \n \nFor immediate release 10 February 2010\n \n \nPathfinder Minerals Plc\n('Pathfinder' or 'the Company')\n \nSale of 'fractional entitlement' shares\nDistribution of proceeds\nSignificant shareholdings\n \n \nSale of 'fractional entitlement' shares\nFollowing the reorganisation of the Company's share capital, consequent on the Special Resolution passed at the General Meeting held on 21 December 2009, fractional share entitlements aggregating to 1,055,139 Ordinary Shares of 1p per share (the 'Ordinary Shares') have been sold by the Company at a price of 4.5p per share for the benefit of the holders of these fractional entitlements.\n \nDistribution of proceeds\nThe Directors expect to pay the proceeds of the sale of these Ordinary Shares, amounting to approximately £47,000, to the 678 relevant shareholders in the week commencing 15 February 2010. As a result of the share reorganisation the number of shareholders has reduced to approximately 560.\n \nSignificant shareholdings\nThe Company has been advised of the following significant shareholdings: Mr John McKeon has an interest in 500,000 Ordinary Shares and Mr Timothy Baldwin has an interest in 500,000 Ordinary Shares, each representing 6.25% of the Company's issued ordinary share capital.\n \n \nENDS\n \n \n \nContact: Nick Trew, Pathfinder Minerals Plc on 07774 168688\n \nRoland Cornish, Beaumont Cornish Limited on 020 7628 3396.\n\nThis information is provided by RNSThe company news...