Argos Resources Ltd Extension of Options (3607S)

TIDMARG

RNS Number : 3607S

Argos Resources Ltd

05 November 2019

5 November 2019

ARGOS RESOURCES LIMITED

("Argos" or "the Company")

Extension of Options

Argos Resources Limited (AIM: ARG.L), the Falkland Islands based company focused on the North Falkland Basin, announces that the Board has resolved to amend the terms of options held by certain of the directors (as detailed below) (the "Options") such that the original expiry date of 11 November 2019 is extended by 5 years to 11 November 2024.

 
 Director         Number of Options   Exercise Price        Expiry Date 
 John Hogan               4,805,818          2 pence   11 November 2024 
 Dennis Carlton             875,000          2 pence   11 November 2024 
 James Ragg               1,025,000          2 pence   11 November 2024 
 

No further amendments have been made to the terms of the Options.

For further information:

Argos Resources Limited ([phone])

www.argosresources.com

Ian Thomson, Chairman

John Hogan, Managing Director

Cenkos Securities plc (Nomad & Broker)

Derrick Lee ([phone])

Neil McDonald ([phone])

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              John Hogan 
     --------------------------------  ------------------------------------ 
 2.   Reason for the Notification 
     ---------------------------------------------------------------------- 
 a)   Position/status                   Managing Director 
     --------------------------------  ------------------------------------ 
 b)   Initial notification/Amendment    Initial 
     --------------------------------  ------------------------------------ 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                              Argos Resources Ltd 
     --------------------------------  ------------------------------------ 
 b)   LEI                               213800JFBALNFGTAJM89 
     --------------------------------  ------------------------------------ 
 4.   Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ---------------------------------------------------------------------- 
 a)   Description of the Financial      Options in respect of Ordinary 
       instrument, type of instrument    Shares of 2p each 
     --------------------------------  ------------------------------------ 
      Identification code               FK0114538241 
     --------------------------------  ------------------------------------ 
 b)   Nature of the transaction         Amendment to expiry date of Options 
     --------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                          2p         4,805,818 
     --------------------------------  ------------------------------------ 
 d)   Aggregated information: 
        *    Aggregated volume            N/A 
 
 
        *    Price 
     --------------------------------  ------------------------------------ 
 e)   Date of the transaction           5 November 2019 
     --------------------------------  ------------------------------------ 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  ------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Dennis Carlton 
     --------------------------------  ------------------------------------ 
 2.   Reason for the Notification 
     ---------------------------------------------------------------------- 
 a)   Position/status                   Non-Executive Director 
     --------------------------------  ------------------------------------ 
 b)   Initial notification/Amendment    Initial 
     --------------------------------  ------------------------------------ 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                              Argos Resources Ltd 
     --------------------------------  ------------------------------------ 
 b)   LEI                               213800JFBALNFGTAJM89 
     --------------------------------  ------------------------------------ 
 4.   Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ---------------------------------------------------------------------- 
 a)   Description of the Financial      Options in respect of Ordinary 
       instrument, type of instrument    Shares of 2p each 
     --------------------------------  ------------------------------------ 
      Identification code               FK0114538241 
     --------------------------------  ------------------------------------ 
 b)   Nature of the transaction         Amendment to expiry date of Options 
     --------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                          2p         875,000 
     --------------------------------  ------------------------------------ 
 d)   Aggregated information: 
        *    Aggregated volume            N/A 
 
 
        *    Price 
     --------------------------------  ------------------------------------ 
 e)   Date of the transaction           5 November 2019 
     --------------------------------  ------------------------------------ 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  ------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              James Ragg 
     --------------------------------  ------------------------------------ 
 2.   Reason for the Notification 
     ---------------------------------------------------------------------- 
 a)   Position/status                   Non-Executive Director 
     --------------------------------  ------------------------------------ 
 b)   Initial notification/Amendment    Initial 
     --------------------------------  ------------------------------------ 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                              Argos Resources Ltd 
     --------------------------------  ------------------------------------ 
 b)   LEI                               213800JFBALNFGTAJM89 
     --------------------------------  ------------------------------------ 
 4.   Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ---------------------------------------------------------------------- 
 a)   Description of the Financial      Options in respect of Ordinary 
       instrument, type of instrument    Shares of 2p each 
     --------------------------------  ------------------------------------ 
      Identification code               FK0114538241 
     --------------------------------  ------------------------------------ 
 b)   Nature of the transaction         Amendment to expiry date of Options 
     --------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                          2p         1,025,000 
     --------------------------------  ------------------------------------ 
 d)   Aggregated information: 
        *    Aggregated volume            N/A 
 
 
        *    Price 
     --------------------------------  ------------------------------------ 
 e)   Date of the transaction           5 November 2019 
     --------------------------------  ------------------------------------ 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  ------------------------------------ 
 

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November 05, 2019 09:59 ET (14:59 GMT)