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BMR Bmr Group

1.90
0.00 (0.00%)
17 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bmr Group LSE:BMR London Ordinary Share GB00BWV0F181 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.90 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Berkeley Mineral Resources PLC 2014 Final Results -15-

14/04/2015 6:29pm

UK Regulatory


The deferred shares of 4p each have no rights to vote or to participate in dividends and carry limited rights on return of capital.

Shares issued during the year

 
                           Number of shares   Nominal value   Share Premium 
                                                   GBP             GBP 
 At 30 June 2012              1,013,039,792      10,130,398      15,524,957 
 Ordinary shares issued 
  during the year                70,000,000         700,000       1,645,000 
                          -----------------                  -------------- 
 
 At 30 June 2013              1,083,039,792      10,830,398      17,169,957 
 Ordinary shares issued 
  during the year               189,665,524       1,896,655       1,131,407 
 Share issue costs                        -               -       (126,605) 
 Warrants exercised                       -               -       1,941,742 
 Warrants lapsed                          -               -         345,600 
 
 At 30 June 2014              1,272,705,316      12,727,053      20,462,101 
                          -----------------                  -------------- 
 
 
 Shares Issued                        Number of Shares   Nominal Value   Share Premium 
-----------------------------------  -----------------  --------------  -------------- 
 7 September 2012 at GBP0.01 each           45,000,000         450,000       1,057,500 
-----------------------------------  -----------------  --------------  -------------- 
 18 September 2012 at GBP0.01 each          25,000,000         250,000         587,500 
-----------------------------------  -----------------  --------------  -------------- 
 
 At 30 June 2013                            70,000,000         700,000       1,645,000 
-----------------------------------  -----------------  --------------  -------------- 
 
 27 August 2013 at GBP0.01 each             29,441,061         294,411         294,410 
-----------------------------------  -----------------  --------------  -------------- 
 28 August 2013 at GBP0.01 each             18,250,000         182,500         182,500 
-----------------------------------  -----------------  --------------  -------------- 
 30 August 2013 at GBP0.01 each              3,959,326          39,593          39,594 
-----------------------------------  -----------------  --------------  -------------- 
 2 September 2013 at GBP0.01 each            2,538,026          25,380          25,380 
-----------------------------------  -----------------  --------------  -------------- 
 24 October 2013 at GBP0.01 each               507,605           5,076           5,076 
-----------------------------------  -----------------  --------------  -------------- 
 2 December 2013 at GBP0.01 each            12,500,000         125,000         125,000 
-----------------------------------  -----------------  --------------  -------------- 
 12 December 2013 at GBP0.01 each            7,852,797          78,528          78,528 
-----------------------------------  -----------------  --------------  -------------- 
 13 December 2013 at GBP0.01 each            7,614,082          76,141          76,141 
-----------------------------------  -----------------  --------------  -------------- 
 2 January 2014 at GBP0.01 each              3,147,149          31,472          31,471 
-----------------------------------  -----------------  --------------  -------------- 
 28 January 2014 at GBP0.01 each             2,045,645          20,456          20,457 
-----------------------------------  -----------------  --------------  -------------- 
 3 February 2014 at GBP0.01 each               670,000           6,700               - 
-----------------------------------  -----------------  --------------  -------------- 
 7 April 2014 at GBP0.01 each               24,047,596         240,476          60,119 
-----------------------------------  -----------------  --------------  -------------- 
 28 April 2014 at GBP0.01 each              54,250,000         542,500         135,625 
-----------------------------------  -----------------  --------------  -------------- 
 1 May 2014 at GBP0.01 each                 22,842,237         228,422          57,106 
-----------------------------------  -----------------  --------------  -------------- 
 
 At 30 June 2014                           189,665,524       1,896,655       1,131,407 
-----------------------------------  -----------------  --------------  -------------- 
 
 
   19.       SHARE BASED PAYMENTS 

Equity settled share-based payments

The Company has a share option scheme for directors, employees and consultants.

SHARE OPTIONS

 
                                     30 June 2013                                            30 June 
                                      or date of                  Granted     Exercised       2014 or 
                                      appointment                  during     during the      date of 
                                                      Lapsed      the year       year       resignation 
Name                    Price  Note        Number        Number     Number         Number        Number 
----------------------  -----  ----  ------------  ------------  ---------  -------------  ------------ 
SHARE OPTIONS 
M Alikhani               1p     A       7,000,000   (7,000,000)          -              -             - 
M Alikhani               3p     B       5,000,000                        -              -     5,000,000 
M Alikhani               9p     C       3,597,000                        -              -     3,597,000 
M Wainwright             3p     B       2,000,000             -          -              -     2,000,000 
M Wainwright             9p     C       1,000,000                        -              -     1,000,000 
H Furman                 3p     B       2,000,000             -          -              -     2,000,000 
H Furman                 9p     C       1,000,000                        -              -     1,000,000 
Staff and consultants    1p     A      11,420,000  (10,750,000)          -      (670,000)             - 
Other staff and 
 consultants             3p     B      28,625,000                        -              -    28,625,000 
Other staff and 
 consultants             9p     C      14,298,979                        -              -    14,298,979 
 
Total options                          75,940,979  (17,750,000)          -      (670,000)    57,520,979 
 
SHARE WARRANTS 
 
Other shareholders       6p     E     127,916,666  (11,421,142)          -  (116,495,524)             - 
Other shareholders       6p     F      72,500,000             -          -   (72,500,000)             - 
 
Total Share Warrants                  200,416,666  (11,421,142)          -  (188,995,524)             - 
 
Total Share Options 
 and Warrants                         276,357,645  (29,171,142)          -  (189,665,524)    57,520,979 
 
 

SHARE WARRANTS (after the terms amendment below)

NOTE:

Note A - Exercisable at any time before 7 May 2014

Note B - Exercisable at any time before 15 October 2015

Note C - Exercisable at any time before 26 April 2016

Note E - Exercisable at any time before 24 April 2014

Note F - Exercisable at any time before 24 April 2014

Subsequent to the year end, 15,438,400 share options lapsed as a result of the staff and consultants no longer working for the Company. In addition, on 29 March 2015, Mr Furman and Mr Wainwright agreed to the cancellation of their options amounting to 6,000,000 and the remaining 36,082,579 share options were cancelled on 18 February 2015 as part of the settlement agreement.

Warrants

On 5 August 2013, the Company changed the exercise price of 127,916,666 warrants (exercisable until 24 October 2013), from 6p to 2p to be exercised by institutional investors. As a result of this amendment the increase in fair value of the warrants was determined at the date of the amendment using Black Scholes model, using the following inputs:

   Share price at the date of amendment                                             2.45p 

Strike price 2p

Volatility 37%

Expected life 80 days

Risk free rate 1%

The resultant increase of the fair value of the warrants was determined to be GBP614,000, which was recognised in the income statement.

On the 9 August 2013, the terms of the remaining 72,500,000 warrants exercisable before 28 June 2014 were amended to reduce the exercise price from 6p to 2p and reduce the exercise period to 24 October 2013. As a result of this amendment the increase in fair value of the warrants was determined at the date of the amendment using Black Scholes model, using the following inputs:

   Share price at the date of amendment                                             2.42p 

Strike price 2p

Volatility 37%

Expected life 77 days

Risk free rate 1%

The resultant increase of the fair value of the warrants was determined to be GBP326,250, which was recognised in the income statement.

Following the exercise price reduction between 27 August 2013 and 2 September 2013 a total of 54,188,413 warrants were exercised, raising GBP1,083,768 before expenses.

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