Last checked at 6 May 2011 10:37
RED ROCK RESOURCES PLC
Directors' Dealing - Exercise of Options
Dated: 6 May 2011
Red Rock Resources PLC ("Red Rock" or the "Company") has been notified of the exercise of 3,100,000 options to subscribe for ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") at a price of 1.25 pence per share. The options have been exercised by directors of the Company, in the following amounts:
| Number of Options Exercised
| Exercise Price |
Andrew Bell | 1,600,000 | 1.25 pence |
Michael Nott | 750,000 | 1.25 pence |
Manoli Yannaghas | 750,000 | 1.25 pence |
As a result of this exercise of options, the enlarged interests of Andrew Bell, Manoli Yannaghas and Michael Nott in the Company's Ordinary Shares are as follows:
| Number of Ordinary Shares | Percentage of enlarged issued ordinary share capital
|
Andrew Bell | 1,940,000 | 0.28% |
Manoli Yannaghas | 1,000,000 | 0.14% |
Michael Nott | 1,500,000 | 0.22% |
|
|
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In addition to their interests in the Ordinary Shares stated above, Messrs. Bell, Yannaghas and Nott remain interested in the following options to subscribe for Ordinary Shares.
| Number of Options
| Expiry Date | Exercise Price |
Andrew Bell | 10,000,000 | 3 June 2014 | 1.1 pence |
| 3,250,000 | 22 Sept 2015 | 3.2 pence |
| 750,000 | 11 May 2012 | 3.5 pence |
Manoli Yannaghas | 1,000,000 | 22 Sept 2015 | 3.2 pence |
| 4,000,000* | 22 Sept 2015 | 2.4226 pence |
Michael Nott | 1,000,000 | 11 May 2012 | 3.5 pence |
| 2,000,000 | 22 Sept 2015 | 3.2 pence |
* Net of 2,000,000 options granted on 22 September 2010 which lapsed on 31 December 2010, unvested.
Application will been made for the new Ordinary Shares, which rank pari passu with the Company's existing issued ordinary share capital, to be admitted to trading on AIM and it is expected that the admission will occur on 12 May 2011.
Following the issue and allotment of the new Ordinary Shares, the Company will have 697,106,109 ordinary shares in issue.
Enquiries:
Andrew Bell | 0207 402 4580 or 07766 474849
| Red Rock Resources plc | Chairman |
Sandra Spencer | 020 7402 4580 or 07757 660 798
| Red Rock Resources plc | Public and Investor Relations |
Peter Trevelyan-Clark / Ben Jeynes
| 020 7489 4500 | Religare Capital Markets
| Nominated Adviser |
Nick Emerson | 01483 413500 | Simple Investments Ltd
| Broker |
Updates on the Company's activities are regularly posted on its website, www.rrrplc.com.