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Share Name | Share Symbol | Market | Type |
---|---|---|---|
CIR SpA | BIT:CIR | Italy | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.018 | -2.90% | 0.602 | 0.602 | 0.614 | 0.614 | 0.601 | 0.612 | 725,485 | 02:01:17 |
RNS Number:3084R Capricorn Resources PLC 24 October 2003 Capricorn Resources Plc ('the Company') Issue of warrants to subscribe for Ordinary Shares at 1p per share & Grant of Options The Company issued an announcement on 22 October 2003 at 16.09 under RNS number 1989R. The announcement contained certain inaccuracies which are set out below: The total number of warrants issued to directors is 40,100,000 not 41,000,000, Mr P.H. Edmonds has received 9,100,000 warrants and 4,025,000 options and not 10,000,000 warrants and 3,125,000 options as previously stated. Certain other information was omitted. This information is included in the full corrected version of the announcement which is set out below: Capricorn Resources Plc, the AIM listed mining and exploration company, at a Board meeting held on 3 October 2003 resolved, in recognition of the efforts of the Directors and to facilitate the issuing of warrants to locals in the Company's area of operations (EPN scheme), the issue of 40,100,000 warrants. The following warrants are to be issued pursuant to the agreement as follows. A. S. Groves 16,000,000 P. H. Edmonds 9,100,000 R. B. Rowan 2,500,000 B. M. Moritz 2,500,000 EPN 10,000,000 Each warrant will grant the holder the right to subscribe for one Ordinary share at the price of 1p, such right to be exercisable between at any time up to 31 March 2008. Each of the Directors has agreed with the Company that he will not dispose or otherwise deal in these warrants, except in certain specified circumstances, until such time as the Company's ordinary shares have been quoted on AIM at 5p per share, or more, for at least 10 consecutive business days. Furthermore, each Mr Rowan and Mr Moritz has agreed to waive any right to fees or remuneration from the Company for a period of 2 years from 18 February 2003, the date of admission to trading on AIM. Application has been made for the 40,100,000 warrants to be admitted to trading on AIM. Admission is expected to take place on 27 October 2003. Furthermore it was resolved that, pursuant to the Company's Option Scheme adopted on 23 December 2002, the following options would be granted at market price, being 1.5p per Ordinary Share, to be exercisable during the period between the date of grant and the fifth anniversary thereof, that option certificates in respect of such options be issued and that the names of the grantees be entered in the register of option holders: A. S. Groves 3,125,000 P. H. Edmonds 4,025,000 The above transactions are deemed related party transactions under the AIM Rules. Grant Thornton (the Company's nominated adviser) considers that the terms of the transaction are fair and reasonable insofar as shareholders are concerned. Contacts: Gerald Beaney Grant Thornton Tel: 0870 991 2589 Phil Edmonds Capricorn Resources Plc Tel: 020 7224 2522 Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477 24 October 2003 This information is provided by RNS The company news service from the London Stock Exchange END IOEPUGRGUUPWGQC
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