Serabi Mining plc
02 August 2006
SERABI MINING PLC - Allotment of Shares to Directors
Serabi Mining plc ('the Company') announces that pursuant to arrangements
entered into prior to the admission of the Company's shares to trading on AIM in
May 2005 and disclosed in its Admission document, the Company has approved the
allotment of 816,666 ordinary shares of 10p each ('Shares') in which certain
Directors of the Company will have the following beneficial interests.
Mr W M Clough 300,000
Mr C M Line 283,333
Mr G S Roberts 233,333
The Shares have been allotted and issued in satisfaction of bonus awards to each
of the above prior to the Company's admission to AIM, as disclosed in the
Company's admission document issued at that time.
In the case of Mr Line and Mr Roberts the Shares are to be issued to personal
pension plans held by those individuals. In the case of Mr Clough the Shares are
to be issued to WM Clough Pty Limited, a company wholly owned by Mr Clough.
As a result of the above allotment the beneficial interests of each of the
Directors in the issued share capital of the Company is as follows:
No of Percentage of issued
Ordinary shares issued share capital
Bill Clough 45,328,617 40.97%
Graham Roberts 845,834 0.76%
Clive Line 283,333 0.26%
Application has been made for the new Shares to be admitted to trading on AIM.
Admission is expected to occur at 8am on 7 August 2006. The total number of
Shares in issue following the allotment and issue of the new Shares will be
110,651,608.
For further information please contact:
Graham Roberts Tel: +44 (0)20 7220 9550
Chairman
Clive Line Tel: +44 (0)20 7220 9553
Finance Director
Email: contact@serabimining.com
Web: www.serabimining.com
This information is provided by RNS
The company news service from the London Stock Exchange