Argos Resources Ltd Director/PDMR Shareholding (7504P)
04 September 2017 - 10:18PM
UK Regulatory
TIDMARG
RNS Number : 7504P
Argos Resources Ltd
04 September 2017
4 September 2017
ARGOS RESOURCES LIMITED
("Argos" or "the Company")
Director / PDMR Shareholding
Argos Resources Limited (AIM: ARG.L), the Falkland Islands based
exploration company focused on the North Falkland Basin, announces
that it has issued 1,000,000 new ordinary shares of 2p each (the
"New Ordinary Shares") pursuant to the exercise of options by John
Hogan, Managing Director of the Company, at a price of 2p per New
Ordinary Share.
Application has been made for admission of the New Ordinary
Shares issued to trading on AIM, which is expected to occur on 8
September 2017. Following the issue of the New Ordinary Shares,
which rank pari passu to the existing ordinary shares in the
Company, the Company has 220,713,205 ordinary shares of 2p each
("Ordinary Shares") in issue, all of which have voting rights.
Accordingly, this figure of 220,713,205 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.
The Company has also been notified that, subsequent to the
exercise of options described above, Mr Hogan has transferred for
nil consideration a total of 1,250,000 Ordinary Shares to his
daughter, who is of majority age and so is not a Person Closely
Associated with Mr Hogan (within the meaning of the Market Abuse
Regulation) and 750,000 Ordinary Shares from his own name to a
nominee account in which he holds the sole beneficial interest. As
a result of these transactions, Mr Hogan's interest in the Company
now stands at 1,750,000 shares, representing 0.79 per cent. of the
Company's issued share capital.
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 Ordinary Shares of 2p each
the Financial instrument,
type of instrument
--- -------------------------------------------------- -------------------------------
Identification FK0114538241
code
--- -------------------------------------------------- -------------------------------
b) Nature of the transaction Exercise of options
--- -------------------------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
2p 1,000,000
--- -------------------------------------------------- -------------------------------
d) Aggregated information:
* Aggregated volume N/A
* Price
--- -------------------------------------------------- -------------------------------
e) Date of the transaction 4 September 2017
--- -------------------------------------------------- -------------------------------
f) Place of the transaction London Stock Exchange, AIM
Market (ARG)
--- -------------------------------------------------- -------------------------------
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 Ordinary Shares of 2p each
the Financial instrument,
type of instrument
--- -------------------------------------------------- ----------------------------------
Identification FK0114538241
code
--- -------------------------------------------------- ----------------------------------
b) Nature of the transaction Transfer of shares to nominee
account
--- -------------------------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
nil 750,000
--- -------------------------------------------------- ----------------------------------
d) Aggregated information:
* Aggregated volume N/A
* Price
--- -------------------------------------------------- ----------------------------------
e) Date of the transaction 4 September 2017
--- -------------------------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM
Market (ARG)
--- -------------------------------------------------- ----------------------------------
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 Ordinary Shares of 2p each
the Financial instrument,
type of instrument
--- -------------------------------------------------- -------------------------------
Identification FK0114538241
code
--- -------------------------------------------------- -------------------------------
b) Nature of the transaction Gift of shares
--- -------------------------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
nil 1,250,000
--- -------------------------------------------------- -------------------------------
d) Aggregated information:
* Aggregated volume N/A
* Price
--- -------------------------------------------------- -------------------------------
e) Date of the transaction 4 September 2017
--- -------------------------------------------------- -------------------------------
f) Place of the transaction London Stock Exchange, AIM
Market (ARG)
--- -------------------------------------------------- -------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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