Hummingbird Resources PLC Exercise of Options and Total Voting Rights (5143X)

TIDMHUM

RNS Number : 5143X

Hummingbird Resources PLC

10 August 2018

Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining

Hummingbird Resources plc

("Hummingbird" or the "Company")

Exercise of Options and Total Voting Rights

Hummingbird Resources (AIM:HUM) announces that it has issued 888,296 new ordinary shares of 1p each in the Company ("Ordinary Shares") pursuant to an exercise of options under pre-existing share option schemes ("Options Exercise").

Of the 888,296 options being exercised, 90,000 were exercised at a price of 22p per Ordinary Share, 798,296 were exercised at a price of 1p per Ordinary Share including 250,000 that were exercised by Russell King, the Company's Non-Executive Chairman. Following the Options Exercise, Russell King is now interested in 303,955 Ordinary Shares representing approximately 0.09% per cent. of the Company's currently issued share capital.

The Ordinary Shares to be issued pursuant to the Options Exercise have already been admitted to trading on AIM ("Admission") under the Company's block listing most recently announced on 12 March 2018.

Total Voting Rights

The total number of Ordinary Shares in issue following Admission will be 351,826,899 and the Company holds no shares in treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company will be 351,826,899.

The above figure of 351,826,899 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, Hummingbird under the FCA's Disclosure and Transparency Rules.

For further information, please visit www.hummingbirdresources.co.uk or contact:

 
 Daniel Betts,     Hummingbird Resources plc        Tel: [phone] 
  CEO                                                6660 
  Thomas Hill, 
  FD 
  Robert Monro, 
  IR 
 
 James Spinney     Strand Hanson Limited            Tel: [phone] 
  Ritchie Balmer    Nominated & Financial Adviser    3494 
  James Bellman 
 
 Martin Davison    Canaccord Genuity Limited        Tel: [phone] 
  James Asensio     Broker                           8000 
 
 Gordon Poole      Camarco                          Tel: [phone] 
  Owen Roberts      Financial PR/IR                  4980 
  James Crothers 
 

About Hummingbird Resources Plc

Notes to Editors

Hummingbird Resources (AIM: HUM) is a leading gold production, development and exploration company. The Company has two core gold projects, the Yanfolila Gold Mine in Mali and the Dugbe Gold Project in Liberia.

Yanfolila produced its first gold pour on time and budget in December 2017 and is expected to produce approximately 107,000oz gold/year on average over the Life of Mine. Yanfolila holds pre-production Probable Reserves of 709,800oz @ 3.14g/t, total Resources of 1.8Moz of gold and an additional 390,700oz of non-compliant exploration potential.

The Dugbe Gold Project has Resources currently totalling 4.2Moz of gold and a completed NI 43-101 compliant PEA on the project showing a 29% IRR and US$186m NPV at a US$1,300 gold price.

In addition to Hummingbird's production and development assets, the Company also has an exploration footprint of 4,000km(2) and a 34% interest in AIM listed Cora Gold, which is advancing a portfolio of prospects in Mali and Senegal.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

PDMR Form

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Russell King 
     --------------------------------  ---------------------------------- 
 2.   Reason for the Notification 
     -------------------------------------------------------------------- 
 a)   Position/status                   Non-Executive Chairman 
     --------------------------------  ---------------------------------- 
 b)   Initial notification/amendment    Initial notification 
     --------------------------------  ---------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                              Hummingbird Resources plc 
     --------------------------------  ---------------------------------- 
 b)   LEI                               213800PBYMQ6Z2D7UZ96 
     --------------------------------  ---------------------------------- 
 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      Ordinary shares of 1p each 
       instrument, type of instrument 
     --------------------------------  ---------------------------------- 
      Identification code               GB00B60BWY28 
     --------------------------------  ---------------------------------- 
 b)   Nature of the Transaction         Exercise of Options 
     --------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                          1p         250,000 
                                                    ---------- 
     --------------------------------  ---------------------------------- 
 d)   Aggregated information            N/A (Single transaction) 
       Aggregated volume Price 
     --------------------------------  ---------------------------------- 
 e)   Date of the transaction           09 August 2018 
     --------------------------------  ---------------------------------- 
 f)   Place of the transaction          London Stock Exchange, AIM Market 
                                         (XLON) 
     --------------------------------  ---------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

DSHEADPEFDNPEFF

(END) Dow Jones Newswires

August 10, 2018 09:42 ET (13:42 GMT)