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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Toledo Mining | LSE:TMC | London | Ordinary Share | GB00B0CRWC45 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 55.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMTMC 19 April 2013 Toledo Mining Corporation plc ("Toledo" or the "Company") (AIM:TMC) Exercise of Options - Director Dealing Pursuant to the terms of the Toledo Share Option Plan, Option holders have a period of 6 months following an offer for the Company becoming wholly unconditional following which they will lapse. Toledo Mining Corporation plc (AIM: TMC) announces that it has conditionally allotted 275,000 new ordinary shares of 5 pence each ("Ordinary Shares") as a result of the exercise of options by Victor Kolesnikov, the Company's Chief Executive, and a senior manager of the Toledo group. Victor Kolesnikov has exercised 200,000 options into new Ordinary Shares at a price of 45 pence per Ordinary Share. All of the new Ordinary Shares will be allotted to DMCI Mining Corporation ("DMCI Mining") and accepted into the cash offer to acquire the entire issued and to be issued share capital of Toledo not already owned by DMCI Mining, pursuant to a cashless exercise facility made available by DMCI Mining to the option holders. As a result of the exercise of options, Toledo's cash at bank will increase by GBP127,500 (net of payments to Option holders who will receive cash for their Options of the Offer price less exercise price) and an application will be made for 275,000 New Ordinary Shares to be admitted to trading on AIM which is anticipated to occur on 25 April 2013 ("Admission"). For the purposes of the Disclosure and Transparency Rules, the total number of Ordinary Shares in issue following Admission will be 50,120,333, each carrying the right to one vote. The above figure of 50,120,333 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, Toledo under the Disclosure and Transparency Rules. For further information, please visit www.toledomining.com or contact: Victor Kolesnikov, CEO, Toledo Mining Corporation +44 (0) 20 7290 3100 Richard Morrison / Jen Boorer, RFC Ambrian Ltd +44 (0) 20 3440 6800 Anthony Shewell, Fin Public Relations +44 (0) 20 7608 2280 Carina Corbett, 4C Communications Ltd +44 (0) 20 3170 7973 This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Toledo Mining Corporation PLC via Thomson Reuters ONE HUG#1694485 http://www.toledomining.com/
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