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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Namibian Res | LSE:NBR | London | Ordinary Share | GB0034380625 | 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% | 0.325 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jan 2020 to Jan 2025
TIDMNBR
RNS Number : 3562M
Namibian Resources PLC
20 January 2016
20 January 2016
Namibian Resources plc
Director Loans
Namibian Resources plc (the "Company") announces that Brian Moritz, Chairman, has continued to provide financial support to the Company by way of unsecured, interest-free loans. As at today's date, the balance of such loans is approximately GBP83,000 (31 August 2015: GBP31,000). Alex MacDonald, who is independent of Mr. Moritz, considers, having consulted with Cenkos Securities plc, the Company's nominated adviser, that the terms of these loans are fair and reasonable insofar as the Company's shareholders are concerned.
It is expected that the outstanding balance will be settled by an issue of shares to Mr. Moritz following completion of the proposed acquisition by the Company of Petro Kouilou S.A. (as announced on 21 December 2015).
For further information:
Namibian Resources plc Brian Moritz +44 7976 994300 Alex MacDonald +44 7831 642064 Cenkos Securities plc Nick Tulloch +44 131 220 9772 Beth McKiernan +44 131 220 9778
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCAKCDPPBKDDDD
(END) Dow Jones Newswires
January 20, 2016 02:00 ET (07:00 GMT)
1 Year Namibian Resources Chart |
1 Month Namibian Resources Chart |
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