Sale of fractional entitlemen

RNS Number : 9578G

Pathfinder Minerals PLC

10 February 2010

 



For immediate release                                                                     10 February 2010

Pathfinder Minerals Plc

('Pathfinder' or 'the Company')

Sale of 'fractional entitlement' shares

Distribution of proceeds

Significant shareholdings

Sale of 'fractional entitlement' shares

Following the reorganisation of the Company's share capital, consequent on the Special Resolution passed at the General Meeting held on 21 December 2009, fractional share entitlements aggregating to 1,055,139 Ordinary Shares of 1p per share (the 'Ordinary Shares') have been sold by the Company at a price of 4.5p per share for the benefit of the holders of these fractional entitlements.

Distribution of proceeds

The Directors expect to pay the proceeds of the sale of these Ordinary Shares, amounting to approximately £47,000, to the 678 relevant shareholders in the week commencing 15 February 2010.  As a result of the share reorganisation the number of shareholders has reduced to approximately 560.

Significant shareholdings

The Company has been advised of the following significant shareholdings: Mr John McKeon has an interest in 500,000 Ordinary Shares and Mr Timothy Baldwin has an interest in 500,000 Ordinary Shares, each representing 6.25% of the Company's issued ordinary share capital.

ENDS

Contact:                       Nick Trew, Pathfinder Minerals Plc on 07774 168688

Roland Cornish, Beaumont Cornish Limited on 020 7628 3396.

 

END

 

 

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