Argos Resources Ltd Extension of Options (3607S)
05 Novembre 2019 - 03:59PM
UK Regulatory
TIDMARG
RNS Number : 3607S
Argos Resources Ltd
05 November 2019
5 November 2019
ARGOS RESOURCES LIMITED
("Argos" or "the Company")
Extension of Options
Argos Resources Limited (AIM: ARG.L), the Falkland Islands based
company focused on the North Falkland Basin, announces that the
Board has resolved to amend the terms of options held by certain of
the directors (as detailed below) (the "Options") such that the
original expiry date of 11 November 2019 is extended by 5 years to
11 November 2024.
Director Number of Options Exercise Price Expiry Date
John Hogan 4,805,818 2 pence 11 November 2024
Dennis Carlton 875,000 2 pence 11 November 2024
James Ragg 1,025,000 2 pence 11 November 2024
No further amendments have been made to the terms of the
Options.
For further information:
Argos Resources Limited (+500 22685)
www.argosresources.com
Ian Thomson, Chairman
John Hogan, Managing Director
Cenkos Securities plc (Nomad & Broker)
Derrick Lee (+44 131 220 9100)
Neil McDonald (+44 131 220 6939)
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name John Hogan
-------------------------------- ------------------------------------
2. Reason for the Notification
----------------------------------------------------------------------
a) Position/status Managing Director
-------------------------------- ------------------------------------
b) Initial notification/Amendment Initial
-------------------------------- ------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Argos Resources Ltd
-------------------------------- ------------------------------------
b) LEI 213800JFBALNFGTAJM89
-------------------------------- ------------------------------------
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 Options in respect of Ordinary
instrument, type of instrument Shares of 2p each
-------------------------------- ------------------------------------
Identification code FK0114538241
-------------------------------- ------------------------------------
b) Nature of the transaction Amendment to expiry date of Options
-------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
2p 4,805,818
-------------------------------- ------------------------------------
d) Aggregated information:
* Aggregated volume N/A
* Price
-------------------------------- ------------------------------------
e) Date of the transaction 5 November 2019
-------------------------------- ------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Dennis Carlton
-------------------------------- ------------------------------------
2. Reason for the Notification
----------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------------- ------------------------------------
b) Initial notification/Amendment Initial
-------------------------------- ------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Argos Resources Ltd
-------------------------------- ------------------------------------
b) LEI 213800JFBALNFGTAJM89
-------------------------------- ------------------------------------
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 Options in respect of Ordinary
instrument, type of instrument Shares of 2p each
-------------------------------- ------------------------------------
Identification code FK0114538241
-------------------------------- ------------------------------------
b) Nature of the transaction Amendment to expiry date of Options
-------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
2p 875,000
-------------------------------- ------------------------------------
d) Aggregated information:
* Aggregated volume N/A
* Price
-------------------------------- ------------------------------------
e) Date of the transaction 5 November 2019
-------------------------------- ------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name James Ragg
-------------------------------- ------------------------------------
2. Reason for the Notification
----------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------------- ------------------------------------
b) Initial notification/Amendment Initial
-------------------------------- ------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Argos Resources Ltd
-------------------------------- ------------------------------------
b) LEI 213800JFBALNFGTAJM89
-------------------------------- ------------------------------------
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 Options in respect of Ordinary
instrument, type of instrument Shares of 2p each
-------------------------------- ------------------------------------
Identification code FK0114538241
-------------------------------- ------------------------------------
b) Nature of the transaction Amendment to expiry date of Options
-------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
2p 1,025,000
-------------------------------- ------------------------------------
d) Aggregated information:
* Aggregated volume N/A
* Price
-------------------------------- ------------------------------------
e) Date of the transaction 5 November 2019
-------------------------------- ------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ------------------------------------
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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
DSHBABITMBAMBAL
(END) Dow Jones Newswires
November 05, 2019 09:59 ET (14:59 GMT)
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