Atlantis Resources Limited Surrender of awards by a Director (2773L)
30 September 2016 - 4:02PM
UK Regulatory
TIDMARL
RNS Number : 2773L
Atlantis Resources Limited
30 September 2016
30 September 2016
Atlantis Resources Limited
Surrender of awards by a Director
Atlantis Resources Limited (AIM: ARL, "Atlantis", or the
"Company") announces that today the Company's CEO, Tim Cornelius,
has surrendered in full an award granted to him on 11 December 2013
under The Company 2013 Long-Term Incentive Plan (the "Plan") over
1,063,830 ordinary shares of no par value in the Company ("Ordinary
Shares") at an exercise price per Ordinary Share of GBP0.94.
At the same time the Company granted to Tim Cornelius an award
under the Plan over 1,000,000 Ordinary Shares at an exercise price
per Ordinary Share of GBP0.50. A separate notification has been
issued in respect of this grant.
PDMR notification - Tim Cornelius
1. Details of the Restricted Person / person
closely associated with him or her
a) Name
Tim Cornelius
2. Reason for the notification
a) Position/status
CEO
b) Initial notification
/ Amendment Initial notification
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
a) Name
Atlantis Resources
Limited
b) UEN
Company number 200517551R
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 Ordinary shares of
no par value in the
capital of Atlantis
Resources Limited
b) Identification code
ISIN SG0000011118
c) Nature of the transaction
Surrender of options
granted on 11 December
2013
d) Price(s) and volume(s)
Volume(s) of surrendered
option:1,063,830
Exercise Price of
surrendered option:
GBP0.94 per share
e) Aggregated information:
i. Aggregated volume
ii. Price Aggregate volume
surrendered: 1,063,830
Exercise Price of
surrendered option:
GBP0.94 per share
f) Date of the transaction 2016-09-30
g) Place of the transaction Outside a trading
venue
Enquiries:
+44 (0)20 3727
Atlantis Resources 1000
John Neill, Chairman
Simon Counsell, Chief Financial
Officer
Peel Hunt LLP (Nominated Adviser +44 (0)20 7418
and Broker) 8900
Adrian Trimmings
Jock Maxwell Macdonald
Euan Brown
+44 (0)20 3727
FTI Consulting 1000
Ben Brewerton
Alex Beagley
James Styles
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCURAVRNUAKORR
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