Patagonia Gold PLC

Published : June 19th, 2015

Additional Listing/Directors' Shareholdings

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Additional Listing/Directors' Shareholdings

RNS Number : 6270Q
Patagonia Gold PLC
19 June 2015



Patagonia Gold Plc

('Patagonia Gold' or the 'Company')

Additional listing / Directors' Shareholdings

Patagonia Gold announces that application has been made for the admission of 12,241,993 new ordinary shares of 1p each in the Company ('New Ordinary Shares') to trading on AIM.

The New Ordinary Shares have been allotted to the Directors and Mr Bill Humphries (former Managing Director), in lieu of outstanding cash payments due as remuneration for their services to the Company during 2014, and for Mr Humphries for the period until his retirement in June 2015.

The New Ordinary Shares have been issued at a price of 2.81p, which represents the 30 day volume weighted average share price of the Company to 17 June 2015.

Details of the allocations made and the resulting Directors' shareholdings are as follows.

Name of Director

Period to which remuneration relates

Number of New Ordinary Shares issued in lieu of fees/salary

Holding of shares following issue of New Ordinary Shares

% of enlarged issued share capital

Carlos J. Miguens

1 January 2014 -
31 December 2014

2,597,865

213,785,398

20.17

Gonzalo Tanoira

1 January 2014 -
31 December 2014

1,352,313

11,543,348

1.09

Glenn Featherby

1 January 2014-
31 December 2014

1,067,616

3,219,063

0.30

The New Ordinary Shares will rank pari passuwith the existing ordinary shares and it is expected that admission will occur at 8.00 a.m. on 24 June 2015. Following admission of the New Ordinary Shares, the total number of voting rights in the Company's ordinary shares will be 1,059,955,427.

The issue of the New Ordinary Shares to certain of the Directors and Mr Humphries, a former Director, is deemed to be a related party transaction under the AIM Rules. The Company's independent Directors consider, having consulted with Strand Hanson Limited, the Company's nominated adviser, that the terms on which the New Ordinary Shares have been issued are fair and reasonable insofar as the Company's shareholders are concerned.

The table below sets out the interests held by the concert party, of which Mr Miguens and Mr Tanoira are members (the 'Concert Party'), both following conclusion of the fundraising and approval of the Rule 9 waiver ('Rule 9 Waiver') by the Company's shareholders on 8 December 2014, and as it will be subsequent to the issue of the New Ordinary Shares:


Interest in Ordinary Shares

Interest in Ordinary Shares as a percentage of the issue ordinary share capital

Options and Warrants

Number of Ordinary Shares interested in assuming exercise of the Options and Warrants in full*

Number of Ordinary Shares interested in assuming exercise of the Options and Warrants in full as a percentage of the further enlarged share capital*

Following Rule 9 Waiver

338,326,019

32.33

35,446,237

373,772,256

34.54

Following issue of New Ordinary Shares

342,276,197

32.29

35,446,237

377,722,434

34.48

*assuming no other options or convertibles are awarded or exercised and no other shares are issued.

Accordingly, the table above sets out the new maximum interest of the Concert Party, which has been approved by the Company's shareholders pursuant to the Rule 9 Waiver, as diluted by the issue of the New Ordinary Shares.

Enquiries:

Christopher van Tienhoven, Chief Executive Officer

Patagonia Gold Plc

Tel: +44 (0)20 7409 7444

+54 911 5278 6950

Angela Hallett/Stuart Faulkner

Strand Hanson Limited

Tel: +44 (0)20 7409 3494

Jeremy Stephenson/Stewart Dickson

Cantor Fitzgerald Europe

Tel: +44 (0)20 7894 7000


This information is provided by RNS
The company news service from the London Stock Exchange
ENDLISUWURRVKANAUR
Read the rest of the article at www.noodls.com

Patagonia Gold PLC

CODE : PGD.L
ISIN : GB0003049409
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Patagonia Gold is a gold exploration company based in United kingdom.

Patagonia Gold holds various exploration projects in Argentina.

Its main exploration property is LA MANCHURIA in Argentina.

Patagonia Gold is listed in United Kingdom. Its market capitalisation is GBX 73.3 billions as of today (US$ 79.4 billions, € 70.8 billions).

Its stock quote reached its lowest recent point on December 08, 2017 at GBX 0.80, and its highest recent level on February 15, 2019 at GBX 97.50.

Patagonia Gold has 2 363 474 884 shares outstanding.

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Corporate news of Patagonia Gold PLC
2/2/2016Trilogy Earn-In Agreement
12/23/2015Removal of tax on gold exports
12/21/2015Economic & fiscal policy changes in Argentina
11/24/2015Lomada Production Update
10/26/2015Second Price Monitoring Extn
10/26/2015Price Monitoring Extension
9/30/2015Half Yearly Report
7/13/2015RPT-INSIGHT-Sage grouse flies into U.S. species protection c...
7/13/2015Sage grouse flies into U.S. species protection crossfire
6/19/2015Additional Listing/Directors' Shareholdings
4/21/2015Appointment of CEO
4/9/2015Final Results
4/1/2015Update on Cap-Oeste
4/1/2015Operational Update
2/11/2015Additional Listing
2/11/2015Lomada Production Results
12/23/2014Company Update
11/18/2014Operational Update
11/18/2014Subscription and Open Offer
2/26/2014Directors' Shareholdings/Issue of equity
2/26/2014Exercise of Options
2/26/2014Exercise of Options
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