Director/PDMR Shareholding

RNS Number : 0971G

Red Rock Resources plc

06 May 2011

 



RED ROCK RESOURCES PLC

Directors' Dealing - Exercise of Options

Dated: 6 May 2011

Red Rock Resources PLC ("Red Rock" or the "Company") has been notified of the exercise of 3,100,000 options to subscribe for ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") at a price of 1.25 pence per share. The options have been exercised by directors of the Company, in the following amounts:

	Number of Options Exercised	Exercise Price
Andrew Bell	1,600,000	1.25 pence
Michael Nott	750,000	1.25 pence
Manoli Yannaghas	750,000	1.25 pence

As a result of this exercise of options, the enlarged interests of Andrew Bell, Manoli Yannaghas and Michael Nott in the Company's Ordinary Shares are as follows:

	Number of Ordinary Shares	Percentage of enlarged issued ordinary share capital
Andrew Bell	1,940,000	0.28%
Manoli Yannaghas	1,000,000	0.14%
Michael Nott	1,500,000	0.22%

In addition to their interests in the Ordinary Shares stated above, Messrs. Bell, Yannaghas and Nott remain interested in the following options to subscribe for Ordinary Shares.

	Number of Options	Expiry Date	Exercise Price
Andrew Bell	10,000,000	3 June 2014	1.1 pence
	3,250,000	22 Sept 2015	3.2 pence
	750,000	11 May 2012	3.5 pence
Manoli Yannaghas	1,000,000	22 Sept 2015	3.2 pence
	4,000,000*	22 Sept 2015	2.4226 pence
Michael Nott	1,000,000	11 May 2012	3.5 pence
	2,000,000	22 Sept 2015	3.2 pence

* Net of 2,000,000 options granted on 22 September 2010 which lapsed on 31 December 2010, unvested.

Application will been made for the new Ordinary Shares, which rank pari passu with the Company's existing issued ordinary share capital, to be admitted to trading on AIM and it is expected that the admission will occur on 12 May 2011.

Following the issue and allotment of the new Ordinary Shares, the Company will have 697,106,109  ordinary shares in issue.

Enquiries:

Andrew Bell	0207 402 4580 or 07766 474849	Red Rock Resources plc	Chairman
Sandra Spencer	020 7402 4580 or 07757 660 798	Red Rock Resources plc	Public and Investor Relations
Peter Trevelyan-Clark / Ben Jeynes	020 7489 4500	Religare Capital Markets	Nominated Adviser
Nick Emerson	01483 413500	Simple Investments Ltd	Broker

Updates on the Company's activities are regularly posted on its website, www.rrrplc.com.

 

END

 

 

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