TIDMCDN
RNS Number : 9364M
Caledon Resources PLC
24 August 2011
Caledon Resources PLC
24 August 2011
Caledon Resources PLC
("Caledon" or the "Company") (AIM: CDN, ASX: CCD)
Exercise of Share Options
The Company announces that following, and conditional upon,
sanction by the High Court of Justice in England and Wales of the
scheme of arrangement to effect the recommended acquisition of
Caledon by Guangdong Rising (Australia) Pty Ltd as announced on 15
August 2011, 6,573,870 options over ordinary shares of 0.5 pence
each ("Ordinary Shares") were exercised on 15 August 2011 by two
directors and six employees under the Company's 2000 Discretionary
Share Option Scheme and 2006 Share Option Scheme.
The 6,573,870 new Ordinary Shares will rank pari passu with
existing Ordinary Shares. 4,958,629 of the new Ordinary Shares have
been admitted to trading on AIM under the Company's block admission
dated 13 January 2010. For the remaining 1,615,241 new Ordinary
Shares, no application for admission to trading on AIM will be made
on the basis that the Company's Ordinary Shares on AIM are expected
to be cancelled with effect from 7.30 am (London time) on 30 August
2011.
Exercise of options by Directors
Included in the total options exercised, as described above,
were the following exercises by Directors:
Mark Trevan exercised options over 1,421,685 Ordinary Shares at
40 pence per share and 425,241 Ordinary Shares at 74 pence per
share, and following issuance of the respective new Ordinary Shares
will hold a total of 1,906,926 Ordinary Shares representing 0.67%
of the Company's enlarged issued share capital.
George Salamis exercised options over 250,000 Ordinary Shares at
10 pence per share, 600,000 Ordinary Shares at 15 pence per share,
350,000 Ordinary Shares at 18.75 pence per share, and 1,777,106
Ordinary Shares at 40 pence per share, and following issuance of
the respective new Ordinary Shares will hold a total of 3,748,606
Ordinary Shares representing 1.31% of the Company's enlarged issued
share capital.
Total Voting Rights
Following the issuance of the 6,573,870 new Ordinary Shares, the
total number of voting rights in the Company's Ordinary Shares is
286,119,387 which may be used by shareholders as the denominator
for the calculations by which they should determine if they are
required to notify their interest in, or a change to their interest
in, Caledon under the Financial Service Authority's Disclosure and
Transparency Rules.
Enquiries:
Caledon Resources PLC
Jeremy Gorman, Company Secretary +44 (0) 20 3178 5485
RBC Capital Markets
Martin Eales +44 (0) 20 7029 7881
Rule 2.10
The following information is given in accordance with Rule 2.10
of the City Code on Takeovers and Mergers ("City Code").
Caledon has in issue a total of 286,119,387 Ordinary Shares, the
ISIN for which is GB00B1GJZT14, and Caledon CHESS Depository
Interests ("CDIs"), the ISIN for which is AU000000CCD9. Each CDI
represents the full beneficial interest in one underlying Ordinary
Share. The Ordinary Shares are admitted to trading on AIM and the
CDIs of Caledon are listed on the Australian Stock Exchange.
Caledon also has in issue GBP4.2 million 8.5 per cent unsecured
convertible loan notes due 2013, the ISIN for which is GB00B61JLC69
and which are traded on the Channel Islands Stock Exchange.
Disclosure requirements of the City Code
Under Rule 8.3(a) of the City Code, any person who is interested
in one per cent. or more of any class of relevant securities of an
offeree company or of any paper offeror (being any offeror other
than an offeror in respect of which it has been announced that its
offer is, or is likely to be, solely in cash) must make an Opening
Position Disclosure following the commencement of the Offer Period
and, if later, following the announcement in which any paper
offeror is first identified.
An Opening Position Disclosure must contain details of the
person's interests and short positions in, and rights to subscribe
for, any relevant securities of each of (i) the offeree company and
(ii) any paper offeror(s). An Opening Position Disclosure by a
person to whom Rule 8.3(a) applies must be made by no later than
3.30 p.m. (London time) on the 10(th) business day following the
commencement of the Offer Period and, if appropriate, by no later
than 3.30 p.m. (London time) on the 10(th) business day following
the announcement in which any paper offeror is first identified.
Relevant persons who deal in the relevant securities of the offeree
company or of a paper offeror prior to the deadline for making an
Opening Position Disclosure must instead make a Dealing
Disclosure.
Under Rule 8.3(b) of the City Code, any person who is, or
becomes, interested in one per cent. or more of any class of
relevant securities of the offeree company or of any paper offeror
must make a Dealing Disclosure if the person deals in any relevant
securities of the offeree company or of any paper offeror. A
Dealing Disclosure must contain details of the dealing concerned
and of the person's interests and short positions in, and rights to
subscribe for, any relevant securities of each of (i) the offeree
company and (ii) any paper offeror, save to the extent that these
details have previously been disclosed under Rule 8. A Dealing
Disclosure by a person to whom Rule 8.3(b) applies must be made by
no later than 3.30 p.m. (London time) on the business day following
the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire or control an
interest in relevant securities of an offeree company or a paper
offeror, they will be deemed to be a single person for the purpose
of Rule 8.3.
Opening Position Disclosures must also be made by the offeree
company and by any offeror and Dealing Disclosures must also be
made by the offeree company, by any offeror and by any persons
acting in concert with any of them (see Rules 8.1, 8.2 and
8.4).
Details of the offeree and offeror companies in respect of whose
relevant securities Opening Position Disclosures and Dealing
Disclosures must be made can be found in the Disclosure Table on
the Panel's website at www.thetakeoverpanel.org.uk, including
details of the number of relevant securities in issue, when the
Offer Period commenced and when any offeror was first
identified.
If you are in any doubt as to whether you are required to make
an Opening Position Disclosure or a Dealing Disclosure, you should
contact the Panel's Market Surveillance Unit on +44 (0)20 7638
0129.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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