Providence Resources plc : Director`s Dealing

Providence Resources P.l.c. ("Providence" or the "Company")

Director's Dealing

Providence was notified on 29 July 2013

1. That Mr John O'Sullivan, a director of the Company had exercised options over 20,538 ordinary shares ("New Ordinary Shares") in Providence on 29 July 2013 and that following exercise his total holding increased to 30,648 Ordinary Shares in the capital of the Company representing 0.05% of the issued ordinary share capital. 

2.  That Mr. Michael Graham, Company Secretary, had exercised options over 10,269 ordinary shares ("New Ordinary Shares") in Providence on 29 July 2013 and that following exercise his total holding increased to 15,519 Ordinary Shares in the capital of the Company representing 0.02% of the issued ordinary share capital. 

Both Mr. O'Sullivan and Mr. Graham have advised the Company that they do not intend to sell shares at present. With effect from 30 July 2013 the Company will be in a closed period for share dealings.

Application will be made to the Irish Stock Exchange and to the London Stock Exchange for these New Ordinary Shares of nominal value €0.10 each in the capital of the Company to be admitted to trading on the ESM market of the Irish Stock Exchange and to the AIM market of the London Stock Exchange. Dealing is expected to commence in these shares on 6 August 2013.

These Ordinary Shares rank pari passu in all respects with the existing Ordinary Shares of the Company

Director's Holdings

Providence was also notified on 29 July 2013 by Dr Brian Hillery that, he has disposed of 70,170 ordinary shares of €0.10 each in the capital of the Company, by way of sale at an average price of €4.491 per share. Following this disposal, Dr Hillery holds 46,584 ordinary shares, representing approximately 0.07 % of the issued ordinary share capital.

The entire proceeds of the sale are being used by Dr Hillery to fund the previously announced exercise of options (25 July 2013) and associated costs and expenses.

30 July 2013.

For further information

Michael Graham

Company Secretary

Providence Resources P.l.c.

Phone  [phone]

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Source: Providence Resources plc via Thomson Reuters ONE

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