Director option exercise & transfer to EBT

RNS Number : 9078F

Equatorial Mining & Exploration PLC

18 July 2019

 

18 July 2019

Equatorial Mining & Exploration Plc

("EME" or the "Company")

Exercise of an option and position of the Employee Benefit Trust

The Directors of EME would like to announce that the option held by former director Nicholas Nelson over MM Daniel's shareholding disclosed on 3 June 2019 has now been exercised. No new shares have been issued as 1,241,326,000 Ordinary Shares had already been issued to MM Daniel.

The Ordinary Shares were transferred to the Employee Benefit Trust "EBT" and will for the immediate future remain unallocated.  EBT awards may be granted to employees and/or former employees based on contributions as recommended by the Company's remuneration committee.

Following the exercise of the option, Nicholas Nelson is interested in the following:

Ordinary Shares of 0.01p                                               545,939,024

Options over which Nicholas Nelson has an option                       820,740,000

In total, Nicholas Nelson is interested in 1,366,679,024 Ordinary Shares and options, which is 12.14% of the total issued share capital.  

The Directors of the Company accept responsibility for this announcement.

Enquiries:

Equatorial Mining & Exploration Plc: Charles Bray, Executive Chairman	[e-mail]
NEX EXCHANGE Adviser and Broker Alexander David Securities David Scott - Corporate Finance James Dewhurst - Corporate Broking	[phone]

 

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