Option Exercise, Director Dea

RNS Number : 4914G

Red Rock Resources plc

01 February 2010

 



RED ROCK RESOURCES PLC

Director's Dealing, Exercise of Options and Issue of Equity

Dated: 1 February 2010

Red Rock Resources PLC ("Red Rock" or the "Company") was notified on 29 January 2010 that Andrew Bell, Chairman of the Company, disposed of 200,000 ordinary 0.1p shares ("Ordinary Shares") in the Company at an average price of 1.45 pence per Ordinary Share on that same day.

Andrew Bell also exercised 200,000 options to subscribe for Ordinary Shares in the Company at a price of 1 pence per share ("New Ordinary Shares") on 29 January 2010.

Following this disposal and exercise of options, Andrew Bell holds no interest in the Ordinary Shares in the Company.

Mr. Bell remains interested in the following options to subscribe for the Company's Ordinary Shares.

	Number of Options	Expiry Date	Exercise Price
Andrew Bell	10,000,000	3 June 2014	1.1 pence
	1,800,000	31 May 2010	1 pence
	3,000,000	31 May 2011	1.25 pence
	750,000	11 May 2012	3.5 pence

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. It is expected that the admission of the New Ordinary Shares to trading on AIM  will occur on 5 February 2010.

Following the issue and allotment of the new Ordinary Shares, the Company will have 566,353,142 ordinary shares in issue.

Enquiries:

Andrew Bell	0207 402 4580 or 07766 474849	Red Rock Resources plc	Chairman
Peter Trevelyan-Clark /  Ben Jeynes	020 7444 0800	Blomfield Corporate Finance  Ltd	Nominated Adviser
Nick Emerson	01483 413500	Simple Investments Ltd	Broker
Ron Marshman	020 7011 9411	Lothbury Financial Limited	Public Relations

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

 

END

 

 

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