Extension of Options

RNS Number : 3607S

Argos Resources Ltd

05 November 2019

 

5 November 2019

ARGOS RESOURCES LIMITED

("Argos" or "the Company")

Extension of Options

Argos Resources Limited (AIM: ARG.L), the Falkland Islands based company focused on the North Falkland Basin, announces that the Board has resolved to amend the terms of options held by certain of the directors (as detailed below) (the "Options") such that the original expiry date of 11 November 2019 is extended by 5 years to 11 November 2024.

Director	Number of Options	Exercise Price	Expiry Date
John Hogan	4,805,818	2 pence	11 November 2024
Dennis Carlton	875,000	2 pence	11 November 2024
James Ragg	1,025,000	2 pence	11 November 2024

No further amendments have been made to the terms of the Options.

For further information:

Argos Resources Limited ([phone])

www.argosresources.com

Ian Thomson, Chairman

John Hogan, Managing Director

Cenkos Securities plc (Nomad & Broker)

Derrick Lee ([phone])

Neil McDonald ([phone])

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Hogan
2.	Reason for the Notification
a)	Position/status	Managing Director
b)	Initial notification/Amendment	Initial
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Argos Resources Ltd
b)	LEI	213800JFBALNFGTAJM89
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Options in respect of Ordinary Shares of 2p each
	Identification code	FK0114538241
b)	Nature of the transaction	Amendment to expiry date of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 2p 4,805,818
d)	Aggregated information: ·     Aggregated volume ·     Price	N/A
e)	Date of the transaction	5 November 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dennis Carlton
2.	Reason for the Notification
a)	Position/status	Non-Executive Director
b)	Initial notification/Amendment	Initial
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Argos Resources Ltd
b)	LEI	213800JFBALNFGTAJM89
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Options in respect of Ordinary Shares of 2p each
	Identification code	FK0114538241
b)	Nature of the transaction	Amendment to expiry date of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 2p 875,000
d)	Aggregated information: ·     Aggregated volume ·     Price	N/A
e)	Date of the transaction	5 November 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James Ragg
2.	Reason for the Notification
a)	Position/status	Non-Executive Director
b)	Initial notification/Amendment	Initial
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Argos Resources Ltd
b)	LEI	213800JFBALNFGTAJM89
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Options in respect of Ordinary Shares of 2p each
	Identification code	FK0114538241
b)	Nature of the transaction	Amendment to expiry date of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 2p 1,025,000
d)	Aggregated information: ·     Aggregated volume ·     Price	N/A
e)	Date of the transaction	5 November 2019
f)	Place of the transaction	Outside a trading venue

 

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