Hummingbird Resources PLC Exercise of Options and Total Voting Rights (5143X)
10 August 2018 - 11:42PM
UK Regulatory
TIDMHUM
RNS Number : 5143X
Hummingbird Resources PLC
10 August 2018
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector:
Mining
Hummingbird Resources plc
("Hummingbird" or the "Company")
Exercise of Options and Total Voting Rights
Hummingbird Resources (AIM:HUM) announces that it has issued
888,296 new ordinary shares of 1p each in the Company ("Ordinary
Shares") pursuant to an exercise of options under pre-existing
share option schemes ("Options Exercise").
Of the 888,296 options being exercised, 90,000 were exercised at
a price of 22p per Ordinary Share, 798,296 were exercised at a
price of 1p per Ordinary Share including 250,000 that were
exercised by Russell King, the Company's Non-Executive Chairman.
Following the Options Exercise, Russell King is now interested in
303,955 Ordinary Shares representing approximately 0.09% per cent.
of the Company's currently issued share capital.
The Ordinary Shares to be issued pursuant to the Options
Exercise have already been admitted to trading on AIM ("Admission")
under the Company's block listing most recently announced on 12
March 2018.
Total Voting Rights
The total number of Ordinary Shares in issue following Admission
will be 351,826,899 and the Company holds no shares in treasury.
Therefore, the total number of Ordinary Shares with voting rights
in the Company will be 351,826,899.
The above figure of 351,826,899 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, Hummingbird under the FCA's Disclosure and
Transparency Rules.
For further information, please visit
www.hummingbirdresources.co.uk or contact:
Daniel Betts, Hummingbird Resources plc Tel: +44 (0) 20 7409
CEO 6660
Thomas Hill,
FD
Robert Monro,
IR
James Spinney Strand Hanson Limited Tel: +44 (0) 20 7409
Ritchie Balmer Nominated & Financial Adviser 3494
James Bellman
Martin Davison Canaccord Genuity Limited Tel: +44 (0) 20 7523
James Asensio Broker 8000
Gordon Poole Camarco Tel: +44 (0) 20 3 757
Owen Roberts Financial PR/IR 4980
James Crothers
About Hummingbird Resources Plc
Notes to Editors
Hummingbird Resources (AIM: HUM) is a leading gold production,
development and exploration company. The Company has two core gold
projects, the Yanfolila Gold Mine in Mali and the Dugbe Gold
Project in Liberia.
Yanfolila produced its first gold pour on time and budget in
December 2017 and is expected to produce approximately 107,000oz
gold/year on average over the Life of Mine. Yanfolila holds
pre-production Probable Reserves of 709,800oz @ 3.14g/t, total
Resources of 1.8Moz of gold and an additional 390,700oz of
non-compliant exploration potential.
The Dugbe Gold Project has Resources currently totalling 4.2Moz
of gold and a completed NI 43-101 compliant PEA on the project
showing a 29% IRR and US$186m NPV at a US$1,300 gold price.
In addition to Hummingbird's production and development assets,
the Company also has an exploration footprint of 4,000km(2) and a
34% interest in AIM listed Cora Gold, which is advancing a
portfolio of prospects in Mali and Senegal.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
PDMR Form
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Russell King
-------------------------------- ----------------------------------
2. Reason for the Notification
--------------------------------------------------------------------
a) Position/status Non-Executive Chairman
-------------------------------- ----------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- ----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Hummingbird Resources plc
-------------------------------- ----------------------------------
b) LEI 213800PBYMQ6Z2D7UZ96
-------------------------------- ----------------------------------
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 Ordinary shares of 1p each
instrument, type of instrument
-------------------------------- ----------------------------------
Identification code GB00B60BWY28
-------------------------------- ----------------------------------
b) Nature of the Transaction Exercise of Options
-------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1p 250,000
----------
-------------------------------- ----------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
-------------------------------- ----------------------------------
e) Date of the transaction 09 August 2018
-------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
-------------------------------- ----------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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