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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kalahari Min | LSE:KAH | London | Ordinary Share | GB00B117S132 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 243.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMKAH 14 February 2012 Kalahari Minerals plc ("Kalahari" or the "Company") Exercise of options and Directors' dealing Kalahari Minerals plc, the AIM listed resource company, announces that the following Directors of the Company have yesterday exercised the following share options over ordinary shares of 1p each in the share capital of the Company ("Ordinary Shares"): Number of Exercise options price per exercised share Mark Hohnen 1,500,000 125p 2,000,000 178p Neil MacLachlan 750,000 125p 1,300,000 178p Glyn Tonge 500,000 30p 500,000 40p 750,000 125p 1,000,000 178p David de Jongh Weill 750,000 125p 1,000,000 178p Richard Lockwood 1,000,000 182p Pursuant to irrevocable undertakings from the Directors in relation to the recommended cash offer for Kalahari by Taurus Minerals Limited (the "Offer"), the Directors have accepted the Offer in respect of all of their holdings and have undertaken to accept the Offer in respect of the new Ordinary Shares to be issued to them following the exercise of the above share options. In addition, the Company announces the exercise today of a further 300,000 options at a price of 30p per share, 500,000 options at a price of 40p per share, 150,000 options at a price of 125p per share and 450,000 options at a price of 178p per share by certain other option holders. The new Ordinary Shares will rank pari passu in all respects with the Company's existing Ordinary Shares and application has been made to the London Stock Exchange for these, in aggregate, 12,450,000 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the new Ordinary Shares will commence at 8.00 a.m. on 17 February 2012. For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, and in accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the total number of Ordinary Shares in issue following Admission will be 267,215,894, each carrying the right to one vote. The ISIN reference for these securities is GB00B117S132. The above figure of 267,215,894 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, Kalahari under the FSA's Disclosure and Transparency Rules. * * ENDS * * For further information please visit www.kalahari-minerals.com or contact: Mark Hohnen Kalahari Minerals plc Tel: +44 (0) 20 7292 9110 Simon Raggett Strand Hanson Limited Tel: +44 (0) 20 7409 3494 Rory Murphy Strand Hanson Limited Tel: +44 (0) 20 7409 3494 Samantha Harrison Ambrian Partners Ltd Tel: +44 (0) 20 7634 4700 Hugo de Salis St Brides Media & Finance Tel: +44 (0) 20 7236 1177 Ltd Susie Geliher St Brides Media & Finance Tel: +44 (0) 20 7236 1177 Ltd END
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