Medusa Mining Ltd

Exercise of Options and Issue of Equity

RNS Number : 6134S
Medusa Mining Limited
23 November 2011
 



 

23 November 2011

 

Medusa Mining Limited

 

Exercise of Options and Issue of Equity

 

Medusa Mining Limited ("Medusa Mining" or "the Company") announces that, pursuant to the exercise of unlisted options by certain employees of the Company, it has today issued 10,000 ordinary shares of nil par value. The options were exercised at a price of A$4.40 per share.

 

Application will be made to the UK Listing Authority and to the London Stock Exchange for 10,000 ordinary shares of nil par value to be admitted to the Official List and to trading on the Main Market of the London Stock Exchange.  It is expected that dealings will commence on or around 28 November 2011.

 

The new ordinary shares will rank pari passu in all respects with the existing ordinary shares and, following admission, the Company's increased share capital will comprise 188,837,911 ordinary shares with voting rights. Therefore, the total number of voting rights in the Company will be 188,837,911.

 

The total number of voting rights 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 to their interest in, the Company under the Financial Service Authority's Disclosure and Transparency Rules.

 

 

For further information, please contact:

 

Australia


Medusa Mining Limited

+61 8 9367 0601

Geoffrey Davis, Chairman

Peter Hepburn-Brown, Managing Director

United Kingdom


Fairfax I.S. PLC

+44 (0)20 7598 5368

Financial Adviser and Broker

 

Ewan Leggat/Laura Littley

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCGIBDBGXDBGBX