REG - Upland Resources Ltd - Director/PDMR Shareholding

Upland ResourcesAnnouncement

13/05/2025 07:02

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RNS Number : 3478I  Upland Resources Limited  13 May 2025

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO
THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

 

This announcement is not an offer for sale, or a solicitation of an offer to
acquire, securities in any jurisdiction, including in or into the United
States, Canada, Australia, or Japan.  Neither this announcement nor any part
of it shall form the basis of or be relied on in connection with or act as an
inducement to enter into any contract or commitment whatsoever.

 

13 May 2025

 

 

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

 

Exercise of Options

 

Upland Resources Limited (LSE: UPL) is pleased to announce that it has
received Notices from Directors, an Officer and former CFO to exercise an
aggregate of 91,000,000 share options over Ordinary Shares in the Company at
exercise prices of 0.4p and .6p. Proceeds from the exercise of the share
options is £514,000.

 

Total voting rights

Following the Option Exercise, the Company's total number of Ordinary Shares
in issue is 1,511,958,048. This figure may be used by shareholders as the
denominator for the calculation by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the Financial Conduct Authority's Disclosure and Transparency
Rules.  Applications will be made to the Financial Conduct Authority and to
the London Stock Exchange for all the 91,000,000 new Ordinary Shares to be
admitted to listing on the Official List (standard listing segment) and to
trading on the London Stock Exchange's main market for listed securities in
due course.  It is expected that Admission will become effective at 8.00 a.m.
on 21 May 2025.

 

The following notifications, made pursuant to Article 19 of the Market Abuse
Regulation, provide further details.

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Bolhassan Di
 2   Reason for the notification
 a)  Position/status                                              Chairman and CEO
 b)  Initial notification/Amendment                               Initial
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Upland Resources Limited
 b)  LEI                                                          213800MRG7ISJEK8YA38
 4   Details of the transaction: 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  Ordinary shares of no par value

     Identification code

JE00BJXN4P16
 b)  Nature of the transaction                                    Exercise of share options
 c)  Price and volume                                             Price    Volume
                                                                  £0.006   50,000,000
 d)  Aggregated information

     Total                                                        £300,000
 e)  Date of the transaction                                      12 May 2025
 f)  Place of the transaction                                     London

JE00BJXN4P16

b)

Nature of the transaction

Exercise of share options

c)

Price and volume

 Price    Volume
 £0.006   50,000,000

d)

Aggregated information

Total

 

£300,000

e)

Date of the transaction

12 May 2025

f)

Place of the transaction

London

 

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Andrew Hurst
 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                                                         Upland Resources Limited
 b)  LEI                                                          213800MRG7ISJEK8YA38
 4   Details of the transaction: 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  Ordinary shares of no par value

     Identification code

JE00BJXN4P16
 b)  Nature of the transaction                                    Exercise of share options
 c)  Price and volume                                             Price    Volume
                                                                  £0.006   10,000,000
 d)  Aggregated information

     Total                                                        £60,000
 e)  Date of the transaction                                      12 May 2025
 f)  Place of the transaction                                     London

JE00BJXN4P16

b)

Nature of the transaction

Exercise of share options

c)

Price and volume

 Price    Volume
 £0.006   10,000,000

d)

Aggregated information

Total

 

£60,000

e)

Date of the transaction

12 May 2025

f)

Place of the transaction

London

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Gerard Muarray
 2   Reason for the notification
 a)  Position/status                                              Chief Operating Officer
 b)  Initial notification/Amendment                               Initial
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Upland Resources Limited
 b)  LEI                                                          213800MRG7ISJEK8YA38
 4   Details of the transaction: 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  Ordinary shares of no par value

     Identification code

JE00BJXN4P16
 b)  Nature of the transaction                                    Exercise of share options
 c)  Price and volume                                             Price     Volume
                                                                  £0.006    15,000,000

                                                                  £0.004      8,000,000

 d)  Aggregated information

     Total                                                        £122,000
 e)  Date of the transaction                                      12 May 2025
 f)  Place of the transaction                                     London

JE00BJXN4P16

b)

Nature of the transaction

Exercise of share options

c)

Price and volume

 Price     Volume
 £0.006    15,000,000

 £0.004      8,000,000

d)

Aggregated information

Total

 

£122,000

e)

Date of the transaction

12 May 2025

f)

Place of the transaction

London

 

 

**ENDS**

 

For further information, please contact:

 

 Upland Resources Limited         Tel: +60 198 861 919

 Bolhassan Di, Chairman and CEO   bolhassan@uplandbigoil.com.my (mailto:bolhassan@uplandbigoil.com.my)

 Gerry Murray COO                 gerry.murray@upland.energy (mailto:gerry.murray@upland.energy)

 

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