Client NewsUpland Resources Limited – Exercise of Options – Bolhassan Di
Upland Resources Limited (LSE: UPL) is pleased to announce that it received notification on 23rd September 2023 that the Company’s Chairman and CEO Bolhassan Di has exercised 10,000,000 share options over Ordinary Shares in the Company at an exercise price of 0.4p.
As a result, the Company will issue 10,000,000 new Ordinary Shares in the Company to Mr. Di for a total consideration of £40,000.
Accordingly, Mr Di’s beneficial interest in Ordinary Shares has increased by 10,000,000 Ordinary Shares and now comprises 37,384,622 Ordinary Shares, representing approximately 3.34% of the Company’s issued share capital.
Total voting rights
Following the Option Exercise, the Company’s total number of Ordinary Shares in issue is 1,118,157,741. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules.
Applications will be made to the Financial Conduct Authority and to the London Stock Exchange for all the 10,000,000 new Ordinary Shares to be admitted to listing on the Official List (standard listing segment) and to trading on the London Stock Exchange’s main market for listed securities in due course. It is expected that Admission will become effective at 8.00 a.m. on 1 November 2023.
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