LEED RESOURCES PLC Issue of Equity
23 November 2015 - 6:00PM
UK Regulatory
TIDMLDP
23 November 2015
Leed Resources Plc ('Leed' or 'the Company')
Issue of Ordinary Shares to Consultant
Leed, the AIM quoted investment company focused on natural
resource and building materials projects in Asia, announces that it
is issuing 32,900,000 Ordinary Shares at a deemed price of 0.1p for
a total consideration of GBP32,900 to PG Mining Management ("PGMM")
pursuant to an agreement between PGMM and the Company.
This agreement provided for a payment, part of which could be
settled in shares, for their consultancy work on behalf of the
Company. PGMM has elected to have the larger portion of their
payment in shares with the number of shares determined by a nominal
price of 0.1p.
Ian Gibbs, Chairman of Leed said:
"PGMM has been instrumental in providing due diligence on and
indeed providing continuing top level management to High Mannor in
Australia. It is a significant sign of confidence that they wish to
take Leed shares in payment at such a premium to the market
price".
The Company has applied for admission of the 32,900,000 new
Shares to trading on AIM. Dealings are expected to become effective
on 27 November 2015 ('Admission'). Following Admission, the Company
will have 3,138,077,765 Shares in issue with each Share carrying
the right to one vote. There are no shares currently held in
treasury. The total number of voting rights in the Company
therefore will be 3,138,077,765 and this figure may be used by
shareholders as the denominator for the calculations by which they
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 Rules and Transparency Rules.
Enquiries:Leed Resources PlcCharles Zorab, +44 20 3405 4214
Nomad and broker: SP Angel Corporate Finance LLP LimitedEwan
Leggat/Laura Harrison, +44 20 20 3470 0470
View source version on businesswire.com:
http://www.businesswire.com/news/home/20151122005025/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
November 23, 2015 02:00 ET (07:00 GMT)
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