Business
Allotment of Shares
Allotment of Shares.
About this update from Serabi Gold Plc
[{"type":"text","content":"\n Serabi Mining plc\n02 August 2006\n\n\nSERABI MINING PLC - Allotment of Shares to Directors\n\n\nSerabi Mining plc ('the Company') announces that pursuant to arrangements\nentered into prior to the admission of the Company's shares to trading on AIM in\nMay 2005 and disclosed in its Admission document, the Company has approved the\nallotment of 816,666 ordinary shares of 10p each ('Shares') in which certain\nDirectors of the Company will have the following beneficial interests.\n\n\n Mr W M Clough 300,000\n\n Mr C M Line 283,333\n\n Mr G S Roberts 233,333\n\n\nThe Shares have been allotted and issued in satisfaction of bonus awards to each\nof the above prior to the Company's admission to AIM, as disclosed in the\nCompany's admission document issued at that time.\n\n\nIn the case of Mr Line and Mr Roberts the Shares are to be issued to personal\npension plans held by those individuals. In the case of Mr Clough the Shares are\nto be issued to WM Clough Pty Limited, a company wholly owned by Mr Clough.\n\n\nAs a result of the above allotment the beneficial interests of each of the\nDirectors in the issued share capital of the Company is as follows:\n\n\n No of Percentage of issued\n Ordinary shares issued share capital\n\nBill Clough 45,328,617 40.97%\nGraham Roberts 845,834 0.76%\nClive Line 283,333 0.26%\n\n\n\nApplication has been made for the new Shares to be admitted to trading on AIM.\nAdmission is expected to occur at 8am on 7 August 2006. The total number of\nShares in issue following the allotment and issue of the new Shares will be\n110,651,608.\n\n\n\nFor further information please contact:\n\n\nGraham Roberts Tel: +44 (0)20 7220 9550\n\nChairman\n\n\nClive Line Tel: +44 (0)20 7220 9553\n\nFinance Director\n\n\nEmail: [email protected]\n\nWeb: www.serabimining.com\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2568,"tagName":"div"}]