Glencar Mining plc
Directors Dealing
14 August 2009
Glencar Mining plc ("Glencar" or the "Company") announces the
exercise on 11 August 2009 by Directors of 2,250,000 options on
Glencar shares at an exercise price of �0.075 each, as set out in the
table below;
+----------------------------------------------------------------------------+
| | | |% of Company's |
| |Options |Resultant Holding of Ordinary |Enlarged Ordinary |
|Director |Exercised|Shares |Share Capital |
|-----------+---------+--------------------------------+---------------------|
|Hugh |1,000,000|3,975,106 |1.31% |
|McCullough | | | |
|-----------+---------+--------------------------------+---------------------|
|Kieran |500,000 |1,501,300 |0.49% |
|Harrington | | | |
|-----------+---------+--------------------------------+---------------------|
|Sean Finlay|250,000 |778,927 |0.26% |
|-----------+---------+--------------------------------+---------------------|
|Philip |250,000 |768,750 |0.25% |
|O'Quigley | | | |
|-----------+---------+--------------------------------+---------------------|
|William |250,000 |2,137,500 | 0.70%|
|Cummins | | | |
+----------------------------------------------------------------------------+
Following the issue of these shares the enlarged issued share capital
of Glencar is 304,151,764 ordinary shares. The new ordinary
shares will rank pari-passu in all respects with the existing
ordinary shares.
Application will be made to the London Stock Exchange and to the
Irish Stock Exchange for the ordinary shares referred to above to be
admitted to trading on the AIM Market of the London Stock Exchange
("AIM") and on the Irish Enterprise Exchange of the Irish Stock
Exchange ("IEX"). Dealing is expected to commence in these shares on
20 August 2009.
Dealing Disclosure Requirements
The holder of 1% or more of any relevant securities in the Company
may have disclosure obligations under Rule 8.3 of the Irish Takeover
Panel Act, 1997, Takeover Rules 2007.
For further information, please contact:
Glencar Mining plc
Hugh McCullough, Managing Director
Tel: +353 1 661 9974
e-mail: info@glencarmining.ie
The Directors of Glencar Mining plc accepts responsibility for the
information contained in this announcement. To the best of their
knowledge and belief (having taken all reasonable care to ensure that
such is the case), the information contained in this announcement for
which they take responsibility is in accordance with the facts and
does not omit anything likely to affect the import of such
information.
Davy Corporate Finance, which is regulated by the Financial
Regulator, is acting exclusively for Glencar Mining plc and no one
else in connection with the Offer and will not be responsible to
anyone other than Glencar Mining plc for providing the protections
afforded to clients of Davy Corporate Finance nor for providing
advice in relation to the Offer.
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This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.