REG - Argos Resources Ltd - Extension of Options

Argos ResourcesAnnouncement

05/11/2019 15:00

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 (+500 22685)
www.argosresources.com
Ian Thomson, Chairman
John Hogan, Managing Director
 
Cenkos Securities plc (Nomad & Broker)
Derrick Lee (+44 131 220 9100)
Neil McDonald (+44 131 220 6939)
 
 



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 instrument, type of instrument


Options in respect of Ordinary 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
·     Price


 
N/A




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 instrument, type of instrument


Options in respect of Ordinary 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
·     Price


 
N/A




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 instrument, type of instrument


Options in respect of Ordinary 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
·     Price


 
N/A




e)


Date of the transaction


5 November 2019




f)


Place of the transaction


Outside a trading venue



 
 
   




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 rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHBABITMBAMBAL