23 March 2010 LSE:AYM
The company today announces that Ian Cuthbertson, finance director of the company, has exercised an option over 300,000 ordinary shares of 1p each which was granted on 3 May 2002 at 2 pence per share. This is the only option which remained outstanding under the company's 1992 Executive Approved Share Option Scheme which is now closed.
The new ordinary shares to be issued in respect of this exercise will rank pari passu with the existing ordinary shares of the company. Application will be made for the shares to be admitted to the Official List and trading is expected to commence on 29 March 2010. Following the allotment of the new ordinary shares the issued ordinary share capital of the company will be 152,858,051 shares with voting rights; there are no shares in treasury.
The above figure may be used by shareholders as the denominator for the calculations which will determine whether they are required to notify their interest in the company, or any change to that interest, under the FSA's Disclosure and Transparency Rules.
Fully listed Anglesey Mining is focused on its 43% interest in Labrador Iron Mines (TSX:LIM), which is developing iron ore deposits in Labrador and Quebec, scheduled for production of high grade hematite in the third quarter of 2010. The company also owns 100% of Parys Mountain in North Wales with a historical resource in excess of 7 million tonnes at over 9% combined copper, lead and zinc.
For further information contact
Bill Hooley, Chief Executive 01492 541981
Ian Cuthbertson, Finance Director 01248 361333
Emily Fenton/Charlie Geller, Conduit PR 020 7429 6666