| Independent Resources' big wheels take shares in lieu of payments due | |
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Shares in Independent Resources () shifted higher as directors and senior managers took shares in lieu of monies owed.
In all, £174,480 worth of shares at a penny a pop were issued in lieu of payments due. The subscription price represents a 33.33% premium to the closing price of Independent Resources' shares on Tuesday, the day before news of the subscription was released.
The shares were among the best performers on Wednesday, rising 6.25%, or 0.05p, to 0.85p.
The decision to take shares instead of readies was flagged back in May, but AIM rules prevented the individuals from subscribing for the new shares until after the company's full-year results had been published.
The company has also issued warrants over 8,724,019 ordinary shares to directors and senior management of the company on the basis of 1 warrant for each 2 new ordinary shares subscribed, with such warrants having an exercise price of 1.50p and an expiry date of 28 May 2017.
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Independent Resources Plc
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CODE : IRG.L |
ISIN : GB00B0RNX796 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Independent Res. is based in United kingdom. Independent Res. is listed in United Kingdom. Its market capitalisation is GBX 184.9 millions as of today (US$ 221.3 millions, € 193.9 millions). Its stock quote reached its highest recent level on May 29, 2009 at GBX 97.50, and its lowest recent point on May 20, 2016 at GBX 0.04. Independent Res. has 402 003 697 shares outstanding. |