REG - Upland Resources Ltd - Exercise of Options – Bolhassan Di

Upland ResourcesAnnouncement

26/09/2023 10:00

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RNS Number : 6873N  Upland Resources Limited  26 September 2023

 

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States, Canada, Australia, or Japan.  Neither this announcement nor any part
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inducement to enter into any contract or commitment whatsoever.

26 September 2023

 

 

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

 

Exercise of Options - Bolhassan Di

 

Upland Resources Limited (LSE: UPL) is pleased to announce that it received
notification on 23rd September 2023 that the Company's Chairman and CEO
Bolhassan Di has exercised 10,000,000 share options over Ordinary Shares in
the Company at an exercise price of 0.4p.

 

As a result, the Company will issue 10,000,000 new Ordinary Shares in the
Company to Mr. Di for a total consideration of £40,000.

 

Accordingly, Mr Di's beneficial interest in Ordinary Shares has increased by
10,000,000 Ordinary Shares and now comprises 37,384,622 Ordinary Shares,
representing approximately 3.34% of the Company's issued share capital.

 

Total voting rights

Following the Option Exercise, the Company's total number of Ordinary Shares
in issue is 1,118,157,741. This figure 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, 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 10,000,000 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 1 November
2023.

 

 

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                               Amendment
 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
                                                                  £0.004   10,000,000
 d)  Aggregated information

     Total                                                        £40,000
 e)  Date of the transaction                                      23 September  2023
 f)  Place of the transaction                                     London

JE00BJXN4P16

b)

Nature of the transaction

Exercise of share options

c)

Price and volume

 Price    Volume
 £0.004   10,000,000

d)

Aggregated information

Total

 

£40,000

e)

Date of the transaction

23 September  2023

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@upland.energy (mailto:gerry.murray@upland.energy)

 Optiva Securities - Broker       Tel:  +44 (0)20 3137 1903

                                christian.dennis@optivasecurities.com
 Christian Dennis                 (mailto:christian.dennis@optivasecurities.com)
 (Corporate Broker)

                                  www.optivasecurities.com (http://www.optivasecurities.com/)

 

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