Business
Charitable Donation of Shares by Upland CEO
Charitable Donation of Shares by Upland CEO.
About this update from Upland Resources Ltd
[{"type":"text","content":"\n \nRNS Number : 1328E Upland Resources Limited 14 July 2016 \n\n \n \n14th July 2016\nUpland Resources Limited\n(\"Upland\" or the \"Company\")\nCharitable donation of shares to the Arctic Research Group by CEO\n \nWith the consent of the Board of Directors of Upland, Dr Stephen Staley, Chief Executive Officer, has made a charitable donation, for nil consideration, of one million ordinary shares in Upland to the Arctic Research Group (\"ARG\"), a UK charity with registered charity number 1167722. Prior to the donation Dr Staley held 17,287,564 shares, representing approximately 8.1% of the shares in issue; after the donation he will hold 16,287,564 shares, representing some 7.6% of shares in issue.\n \nThe ARG (http://arcticresearchgroup.org) is an organisation whose object is the advancement of knowledge about the High Arctic through scientific research and the dissemination of the results of this research for the benefit of the public.\n \n \nUpland CEO, Stephen Staley commented: \n \n\"The Arctic Research Group is a charity that carries out important scientific and educational work on one of our planet's most fragile environments. Over the nearly three decades that it has been operating, it has organised, financed and staffed nine expeditions to some of the most remote and demanding parts of the Svalbard archipelago. Svalbard's landscape is a harsh one of glaciers, fjords and tundra, the islands lying between northern Norway and the North Pole, but it also hosts the world's most northerly coal mines. \n \nAmongst the numerous projects it has carried out, it has developed and run a novel, satellite-linked system for monitoring glacier ice movement, winning a Rolex Award through the Royal Geographical Society in the same year. It has also carried out studies ranging from the impact of coal waste on the local ecology and of climate change on glacier systems to the effects of personality traits on the ability of individuals to cope with prolonged exposure to a hostile environment.\n \nPerhaps its greatest achievement is in passing on enthusiasm for the High Arctic to the next generation of explorers and scientists. Each expedition is a conscious mix of the young and the not so young. I now fall firmly in the latter category, but at the age of 23, my first season in the Arctic w...