Business
Issue of Consideration Shares
Issue of Consideration Shares.
About this update from Talisman Metals Plc
[{"type":"text","content":"\n Ovoca Gold PLC\n14 September 2007\n\n Ovoca Gold PLC ('Ovoca' or the 'Company')\n\n Issue of Consideration Shares\n\n\nFurther to the announcement on 13 September 2007, an application has been made\nto the London Stock Exchange and the Irish Stock Exchange for 43,007,250\nordinary shares of €0.025 each in the issued share capital of the Company ('\nOrdinary Shares') to be admitted to trading on the AIM and IEX markets\nrespectively, with dealing expected to commence on 20 September 2007. These\nOrdinary Shares have been allotted to a number of shareholders of CJSC\nProspectors Artel Ayax pursuant to the exercise of the Option Agreement, as\ndefined in the circular distributed to shareholders on 18 May 2006 (the 'Option\nAgreement'). As part of this issue, certain directors of the Company will\nreceive Ordinary Shares. The number of Ordinary Shares being allotted to them\nand their resultant shareholdings in the Company are as follows:\n\n No. Ordinary Resultant Resultant\n Shares Allotted Holding %\nLeonid Pavlovich Skoptsov 8,270,625 8,270,625 2.29\nYuri Ivanovich Radchenko 8,270,625 8,270,625 2.29\n\nSalyco Trading Co. Limited (1) 14,334,375 61,687,718 17.09\nSubishico Trading Co (2) 6,063,750 29,692,293 8.23\nPickco Trading Co. Limited (3) 6,067,875 45,710,533 12.67\n\n\n\n(1) Mikhail Alexandrovich Mogutov is the beneficial shareholder of Salyco\nTrading Co. Limited.\n\n(2) The Saint George Trust, of which Leonid Pavlovich Skoptsov is a director\non the board of trustees and beneficial owner of, is the beneficial shareholder\nin Subishico Trading Co Limited.\n\n(3) Yuri Ivanovich Radchenko is the shareholder of Pickco Trading Co. Limited.\n\n\n\nAt an extraordinary general meeting of the Company held on 7 June 2006, a\nmajority of independent shareholders approved, inter alia, the increase in the\npercentage of the issued share capital of the Company owned or controlled by the\nabove mentioned directors and their concert parties pursuant to the Option\nAgreement, without triggering an obligation under the Irish Takeover Rules to\nmake a general offer for the balance of the issued share capital of the Company.\n\n\nAbout Ovoca Gold plc:\n\nOvoca Gold Plc is an international exploration company quoted in London (OVG.L)\nand Dublin (OVX.IR), exploring for precious and base metals in Russia and\nSweden.\n\n\nFor further info...