Exercise of Options and Total Voting Rights

RNS Number : 5143X

Hummingbird Resources PLC

10 August 2018

 

Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining

Hummingbird Resources plc

("Hummingbird" or the "Company")

Exercise of Options and Total Voting Rights

Hummingbird Resources (AIM:HUM) announces that it has issued 888,296 new ordinary shares of 1p each in the Company ("Ordinary Shares") pursuant to an exercise of options under pre-existing share option schemes ("Options Exercise").

Of the 888,296 options being exercised, 90,000 were exercised at a price of 22p per Ordinary Share, 798,296 were exercised at a price of 1p per Ordinary Share including 250,000 that were exercised by Russell King, the Company's Non-Executive Chairman. Following the Options Exercise, Russell King is now interested in 303,955 Ordinary Shares representing approximately 0.09% per cent. of the Company's currently issued share capital.

The Ordinary Shares to be issued pursuant to the Options Exercise have already been admitted to trading on AIM ("Admission") under the Company's block listing most recently announced on 12 March 2018.

Total Voting Rights

The total number of Ordinary Shares in issue following Admission will be 351,826,899 and the Company holds no shares in treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company will be 351,826,899.

The above figure of 351,826,899 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Hummingbird under the FCA's Disclosure and Transparency Rules.

For further information, please visit www.hummingbirdresources.co.uk or contact: 

Daniel Betts, CEO Thomas Hill, FD Robert Monro, IR	Hummingbird Resources plc	Tel: [phone]
James Spinney Ritchie Balmer James Bellman	Strand Hanson Limited Nominated & Financial Adviser	Tel: [phone]
Martin Davison James Asensio	Canaccord Genuity Limited Broker	Tel: [phone]
Gordon Poole Owen Roberts James Crothers	Camarco Financial PR/IR	Tel: [phone]

About Hummingbird Resources Plc

Notes to Editors

Hummingbird Resources (AIM: HUM) is a leading gold production, development and exploration company.  The Company has two core gold projects, the Yanfolila Gold Mine in Mali and the Dugbe Gold Project in Liberia. 

Yanfolila produced its first gold pour on time and budget in December 2017 and is expected to produce approximately 107,000oz gold/year on average over the Life of Mine.  Yanfolila holds pre-production Probable Reserves of 709,800oz @ 3.14g/t, total Resources of 1.8Moz of gold and an additional 390,700oz of non-compliant exploration potential. 

The Dugbe Gold Project has Resources currently totalling 4.2Moz of gold and a completed NI 43-101 compliant PEA on the project showing a 29% IRR and US$186m NPV at a US$1,300 gold price. 

In addition to Hummingbird's production and development assets, the Company also has an exploration footprint of ~4,000km² and a 34% interest in AIM listed Cora Gold, which is advancing a portfolio of prospects in Mali and Senegal.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

PDMR Form

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Russell King
2.	Reason for the Notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Hummingbird Resources plc
b)	LEI	213800PBYMQ6Z2D7UZ96
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	Ordinary shares of 1p each
	Identification code	GB00B60BWY28
b)	Nature of the Transaction	Exercise of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 1p 250,000
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	09 August 2018
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

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