Exercise of Options and Total Voting Rights

RNS Number : 2532O

Landore Resources Limited

04 November 2016

 

4 November 2016

LANDORE RESOURCES LIMITED

("Landore Resources" or the "Company")

Exercise of Options and Total Voting Rights

Landore Resources (AIM: LND) announces that today, Bill Humphries, Chief Executive Officer of the Company, exercised options over 7,000,000 ordinary shares of no par value in the Company ("Ordinary Shares") at an exercise of price of 1.8 pence per Ordinary Share.

Application is being made for these 7,000,000 Ordinary Shares to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on or around 10 November 2016. Following Admission, Mr Humphries will hold 64,314,119 Ordinary Shares, representing approximately 9.1 per cent. of the Company's issued share capital.

Following Admission, the Company will have 707,488,001 Ordinary Shares in issue. Landore Resources does not hold any Ordinary Shares in treasury. The aforementioned figure of 707,488,001 Ordinary Shares may be used by shareholders in the Company 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, Landore Resources under the Financial Service Authority's Disclosure and Transparency Rules.

-ENDS-

For more information, please contact:

Bill Humphries/Richard Prickett

Landore Resources Limited

M: [phone]

M: [phone]

James Spinney/Jack Botros

Strand Hanson Limited

Nominated Adviser and Broker

Tel: [phone]

 

END

 

 

MSCFSESUDFMSELF