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WLFE Wolf Minerals

1.40
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Wolf Minerals LSE:WLFE London Ordinary Share AU000000WLF3 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.40 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Wolf Minerals Limited Issue of Equity and Change of Directors' Interests (4823B)

04/04/2017 7:01am

UK Regulatory


Wolf Minerals (LSE:WLFE)
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TIDMWLFE

RNS Number : 4823B

Wolf Minerals Limited

04 April 2017

4 April 2017

Wolf Minerals Limited

("Wolf" or the "Company")

Issue of Equity and Change of Directors' Interests

Issue of Shares

Wolf Minerals Limited announces that on 3 April 2017 a total of 563,759 fully paid ordinary shares of no par value ("the Shares") were issued.

A total of 402,685 Shares were issued to certain directors (or persons closely associated with them) in lieu of part fees for the quarter ended 31 March 2017 under the Company's Directors' Share Plan ("the Plan") as approved by shareholders on 21 November 2014, 16 November 2015 and 29 November 2016. Under the Plan, non-executive directors receive a portion of their fees in shares, allowing the Company to preserve its cash reserves. These new shares were issued at a price of AUD $0.0745 (equivalent to approximately 4.6 pence) per Share.

 
                      Shares   Total resulting holding 
 Director             issued            in the Company    (%) 
------------------  --------  ------------------------  ----- 
 Mr John Hopkins 
  OAM                161,074                 1,059,892   0.10 
 Mr Ronnie Beevor     80,537                   712,949   0.07 
 Mr Don Newport       80,537                   362,949   0.03 
 Mr Nicholas 
  Clarke              80,537                   362,949   0.03 
 

80,537 Shares have been issued to each of Resource Capital Funds Management Pty Ltd and TTI (NZ) Limited under the Plan in respect of part director fees due to their respective Board representatives, Mr Chris Corbett and Mr Michael Wolley.

Application has been made for the 563,759 Shares to be admitted to AIM and on the Australian Securities Exchange ("ASX") ("Admission"). Admission to trading on AIM of these Shares is expected to become effective on 6 April 2017. The Shares will rank pari passu with the Company's existing Shares.

Following Admission, the number of ordinary shares on issue and admitted to trading on AIM and the ASX will be 1,085,686,434.

ENDS

Wolf Minerals Limited

Russell Clark +61 8 6364 3776

Numis Securities

   John Prior/James Black/Paul Gillam                                               +44(0)20 7260 1000 

Newgate

Adam Lloyd / Ed Treadwell +44 (0) 20 7653 9850

About Wolf Minerals

Wolf Minerals is a dual listed ("ASX: WLF", "AIM: WLFE") specialty metals company. With global demand for tungsten rising and future global production expected to be constrained, Wolf Minerals has recently completed the development of a large tungsten resource at its Drakelands Mine, located at Hemerdon, in southwest England.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCDMGGDKDFGNZG

(END) Dow Jones Newswires

April 04, 2017 02:01 ET (06:01 GMT)

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