Mr. Ronnie
Beevor reports
EXERCISE OF OPTIONS
EMED Mining Public Ltd. has received notice that a
number of its employees, directors and advisers have exercised options over
6,533,000 ordinary shares of 0.25 penny each in the capital of the
company. All of these options were originally
granted on March 22, 2009, and have an exercise price of 4.13 pence per
ordinary share.
Of the options that have been exercised, options over one million ordinary shares were exercised by EMED Mining's chairman, Ronnie
Beevor; options over two million ordinary shares were exercised by
Semarang Ltd., a company associated with Harry Anagnostaras-Adams,
EMED Mining's managing director; options over 1.5 million ordinary shares
were exercised by EMED's finance director, John Leach; and options over
500,000 ordinary shares were exercised by non-executive director
Ashwath Mehra. All directors retained the shares.
Following the above exercise of options, Mr. Beevor has a beneficial
interest in 8.4 million ordinary shares; Mr. Anagnostaras-Adams
11.8 million ordinary shares; Mr. Leach 3.96 million ordinary shares; and
Mr. Mehra 500,000 ordinary shares, representing 0.71 per cent, 1.00 per cent, 0.33 per cent and
0.04 per cent, respectively, of the company's issued share capital following the
issue of the ordinary shares pursuant to the exercise of options.
The company has made application to the London Stock Exchange for
6,533,000 new ordinary shares to be admitted to trading on the Alternative Investment Market. It is expected that admission will become effective on
or about June 21, 2013.
Following the issue of ordinary shares pursuant to the exercise of
options, the company will have 1,183,698,948 ordinary shares in issue.
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