Paragon Resources PLC Issue of Equity (2147L)

TIDMPAR

RNS Number : 2147L

Paragon Resources PLC

08 August 2013

Paragon Resources PLC

("Paragon" or the "Company")

(AIM: PAR; ISDX: PA)

Issue of Equity

8 August 2013

Following the passing of the resolutions at the Class Meeting of the Company's Preference Shareholders on 24 July 2013 and EGM of the Company's Ordinary Shareholders on 19 June 2013, the Company has today redeemed all 1,028,075 outstanding Preference Shares through the pro-rata issue of 172,237,386 new Ordinary Shares and 1,883,912,614 Deferred Shares. An application has been made to admit the new Ordinary Shares for admission to trading on AIM with effect from 13 August 2013. Following the issue of the new Ordinary Shares, the Company will have a total of 344,474,766 Ordinary Shares in issue.

The significant shareholders of the Company are now as follows:

 
                                                        PERCENTAGE OF 
                                NUMBER OF ORDINARY    ORDINARY SHARES 
 SHAREHOLDER                           SHARES HELD               HELD 
 
 LYNCHWOOD NOMINEES LIMITED             79,437,859             23.06% 
 VIDACOS NOMINEES LIMITED               19,859,465              5.77% 
 MAREK STEFAN GUMIENNY                  19,859,465              5.77% 
 TOMAS ALLAN*                           15,962,380              4.63% 
 AURORA NOMINEES LIMITED                15,887,237              4.61% 
 SMITH & WILLIAMSON NOMINEES 
  LIMITED                               14,497,041              4.21% 
 JOHN ALLAN**                           13,194,663              3.83% 
 THE INVESTMENT COMPANY PLC             11,319,929              3.29%

* This includes 10,323,584 Ordinary Shares held by Apex Utilities Limited, a company in which Mr T Allan has a beneficial interest.

** These Ordinary Shares are held by Ekasure Limited, a company in which Mr J Allan has a beneficial interest.

(All definitions are as defined in the announcement of 21 June 2013.)

For further information, please contact:

 
Paragon Resources plc       Allenby Capital Limited 
 Simon Hunt                  (Nominated Adviser and Broker) 
 (Chairman)                  Nick Harriss/Jeremy Porter/James 
 +44 7733 337 755            Reeve 
 www.paragon-resources.com   +44 20 3328 5656 
                             www.allenbycapital.com 
--------------------------  ---------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOENKODKOBKDOFK

Paragon (LSE:PAR)
過去株価チャート
から 5 2024 まで 6 2024