REG - Argos Resources Ltd - Director Dealing and exercise of options <Origin Href="QuoteRef">ARGR.L</Origin>

Argos ResourcesAnnouncement

25/07/2015 09:40

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20150721:nRSU5612Ta


RNS Number : 5612T
Argos Resources Ltd
21 July 2015 
 
ARGOS RESOURCES LIMITED 
 
("Argos" or "the Company") 
 
Director Dealing and exercise of options 
 
Argos Resources Limited (AIM: ARG.L) was informed on 21 July 2015 that, on
that date, Argos Georgia Limited ("AGL") distributed 16,578,850 ordinary
shares of 2 pence each in the Company ("Ordinary Shares"), to its underlying
shareholders at no cost. Ian Thomson, Chairman of the Company, is a director
and shareholder of Argos Georgia Limited and a beneficiary of the
distribution, as outlined below. 
 
Pursuant to this distribution by AGL: 
 
·     AGL is now interested in 700,000 Ordinary shares, representing 0.32% of
the issued share capital of the Company; 
 
·     Ian Thomson received 5,633,088 Ordinary Shares and is now interested in
a total of 27,844,701 Ordinary Shares, representing 12.7 per cent. of the
issued share capital of the Company, in addition to those shares held by AGL;
and 
 
·     Iain Aylwin received 6,666,578 Ordinary Shares and is now interested in
a total of 20,117,728 Ordinary Shares, representing 9.16 per cent. of the
issued share capital of the Company. 
 
The Company was also notified on 21 July 2015 that, on that date, James Ragg,
a non-executive director of the Company, exercised options (the "Options") in
respect of 200,000 Ordinary Shares (the "New Ordinary Shares") at a price of 2
pence per Ordinary Share, and has  disposed of 150,000 Ordinary Shares at a
price of 7.4 pence per Ordinary Share.  Mr Ragg is now interested in a total
of 200,000 Ordinary Shares representing 0.09 per cent of the issued share
capital of the Company. 
 
The Options were granted to Mr Ragg on 12 November 2009, prior to the
Company's admission to trading on AIM. 
 
Application has been made for the New Ordinary Shares to be admitted to
trading on AIM ("Admission") and Admission is expected to occur on or around
27 July 2015.  The New Ordinary Shares will rank pari passu with the existing
Ordinary Shares. 
 
Following Admission, the total issued share capital of the Company will
increase to 219,713,205 Ordinary Shares, all of which have voting rights. 
 
The above figure of 219,713,205 Ordinary Shares may be used by shareholders in
the Company as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change in
their interest in, the share capital of the Company under the FCA's Disclosure
and Transparency Rules. 
 
For further information: 
 
Argos Resources Limited (+500 22685) 
 
www.argosresources.com 
 
Ian Thomson, Chairman 
 
John Hogan, Managing Director 
 
Cenkos Securities plc (Nomad & Broker) (+44 131 220 6939) 
 
Derrick Lee 
 
Neil McDonald 
 
Citigate Dewe Rogerson (Communications Adviser) (+44 20 7638 9571) 
 
Martin Jackson 
 
Shabnam Bashir 
 
This information is provided by RNS
The company news service from the London Stock Exchange