Director's Dealing, Issue of Equity and TVR

RNS Number : 0159M

Tri-Star Resources PLC

01 May 2015

 



Tri-Star Resources plc ("Tri-Star" or the "Company")

Director's Dealing, Issue of Equity and Total Voting Rights

1 May 2015

Tri-Star, the integrated antimony development company, announces that pursuant to the terms of Guy Eastaugh's remuneration arrangements agreed at the time of his appointment as Chief Financial Officer in June 2014 (and further to the RNS dated 14 October 2014), the Company has allotted to Guy Eastaugh 2,743,610 ordinary shares of 0.005p each in the Company ("Ordinary Shares") at 0.118 pence per share for the quarter ended 31 December 2014 and 2,194,446 Ordinary Shares at 0.13 pence per share for the quarter ended 31 March 2015 (together the "Fee Shares").

Under his employment contract, 9% of Mr Eastaugh's annual fee is to be paid in Ordinary Shares on a quarterly basis with the issue price calculated by reference to the average closing mid-market price of Ordinary Shares for the five trading days prior to each quarter end.

In addition, as part of the fee arrangements with SP Angel Corporate Finance LLP ("SP Angel"), the Company has issued a total of 4,019,292 new Ordinary Shares to SP Angel at an average 10 day VWAP of 0.1244 pence per share for a total value of approximately £5,000 ("SP Angel Shares").

Application has been made to the London Stock Exchange for the Fee Shares and the SP Angel Shares (a total of 8,957,348 Ordinary Shares) to be admitted to trading on AIM ("Admission"), and it is expected that Admission will occur on or around 8 May 2015.

Following the issue of the Fee Shares, Mr Eastaugh will hold 6,695,243 Ordinary Shares representing 0.10 per cent. of the Company's issued share capital following Admission.

Total Voting Rights

For the purposes of the FCA's Disclosure and Transparency Rules, the Company advises that the total number of shares in issue and total voting rights following Admission will be 6,951,244,676 Ordinary Shares.

Tri-Star does not currently hold any shares in treasury and, therefore, the above figure 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 in their interest in, the share capital of the Company.

Enquiries:

Tri-Star Resources Plc Emin Eyi, Managing Director Guy Eastaugh, Chief Financial Officer	Tel: [phone]
SP Angel Corporate Finance (Nomad and Broker) Robert Wooldridge / Katy Birkin	Tel: [phone]

 

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