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Patagonia Gold announces that it has agreed to issue a total of 3,074,331 new ordinary shares of 1p each in the Company ("New Ordinary Shares") to the Directors in lieu of outstanding cash payments due as remuneration for their services to the Company during 2013. The New Ordinary Shares have been issued at a price of 11.38p, representing the volume weighted average share price for Patagonia Gold for the 30 day period prior to the date of this announcement.
Accordingly, application has been made for the admission of the New Ordinary Shares to trading on AIM. 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 4 March 2014.
Following admission of the New Ordinary Shares, the total number of voting rights in the Company's ordinary shares will be 863,913,896.
Details of the allocations made and the resulting Directors' shareholdings are as follows.
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Name of Director
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Period to which remuneration relates
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Number of New Ordinary Shares issued in lieu of fees/salary
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Holding of shares following issue of New Ordinary Shares
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% of enlarged issued share capital
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Carlos J. Miguens
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1 January 2013 -
31 December 2013
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658,786
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133,338,985
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15.43%
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William H. Humphries
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1 April 2013 -
31 December 2013
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1,119,936
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28,670,387
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3.32%
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Gonzalo Tanoira
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1 January 2013 -
31 December 2013
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351,352
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8,775,607
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1.02%
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Marc J. Sale
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1 April 2013 -
31 December 2013
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197,635
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1,874,322
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0.22%
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Edward J. Badida
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1 January 2013 -
31 December 2013
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351,352
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351,352
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0.04%
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Manuel de Prado
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1 April 2013 -
31 December 2013
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197,635
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197,635
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0.02%
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Glenn Featherby
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1 April 2013 -
31 December 2013
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197,635
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2,151,447
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0.25%
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Enquiries:
Bill Humphries, CEO
Patagonia Gold Plc
Tel: +44 (0)20 7409 7444
David Bick / Mark Longson
Square 1 Consulting
+44 (0)20 7929 5599
Angela Hallett/James Dance
Strand Hanson Limited
Tel: +44 (0)20 7409 3494
Rory Scott
Mirabaud Securities LLP
Tel: +44 (0)20 7484 3510
This information is provided by RNS
The company news service from the London Stock Exchange
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Patagonia Gold PLC
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CODE : PGD.L |
ISIN : GB0003049409 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
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. |