Toledo Mining Corporation PLC Toledo Mining Corporation Plc : Exercise Of Options - Director Dealing
19 April 2013 - 8:53PM
UK Regulatory
TIDMTMC
19 April 2013
Toledo Mining Corporation plc
("Toledo" or the "Company") (AIM:TMC)
Exercise of Options - Director Dealing
Pursuant to the terms of the Toledo Share Option Plan, Option holders
have a period of 6 months following an offer for the Company becoming
wholly unconditional following which they will lapse.
Toledo Mining Corporation plc (AIM: TMC) announces that it has
conditionally allotted 275,000 new ordinary shares of 5 pence each
("Ordinary Shares") as a result of the exercise of options by Victor
Kolesnikov, the Company's Chief Executive, and a senior manager of the
Toledo group. Victor Kolesnikov has exercised 200,000 options into new
Ordinary Shares at a price of 45 pence per Ordinary Share. All of the
new Ordinary Shares will be allotted to DMCI Mining Corporation ("DMCI
Mining") and accepted into the cash offer to acquire the entire issued
and to be issued share capital of Toledo not already owned by DMCI
Mining, pursuant to a cashless exercise facility made available by DMCI
Mining to the option holders.
As a result of the exercise of options, Toledo's cash at bank will
increase by GBP127,500 (net of payments to Option holders who will
receive cash for their Options of the Offer price less exercise price)
and an application will be made for 275,000 New Ordinary Shares to be
admitted to trading on AIM which is anticipated to occur on 25 April
2013 ("Admission").
For the purposes of the Disclosure and Transparency Rules, the total
number of Ordinary Shares in issue following Admission will be
50,120,333, each carrying the right to one vote. The above figure of
50,120,333 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, Toledo under the
Disclosure and Transparency Rules.
For further information, please visit www.toledomining.com or contact:
Victor Kolesnikov, CEO, Toledo Mining Corporation
+44 (0) 20 7290 3100
Richard Morrison / Jen Boorer, RFC Ambrian Ltd
+44 (0) 20 3440 6800
Anthony Shewell, Fin Public Relations
+44 (0) 20 7608 2280
Carina Corbett, 4C Communications Ltd
+44 (0) 20 3170 7973
This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the
information contained therein.
Source: Toledo Mining Corporation PLC via Thomson Reuters ONE
HUG#1694485
http://www.toledomining.com/
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