Home Home  Gympie Gold Limited
about usChairman's ReportGympie EldoradoGemstoneSouthland CoalFinancialReleasesInvestor CentreLibrary
Releases

Managing Director Increases Shareholding

19 November 2002

The following transactions result in the Managing Director Mr Adams and his associates increasing their shareholding from 1,982,035 ordinary shares to 3,000,000 ordinary shares and maintaining a holding of 4 million incentive options.

The Company has issued and allotted 2,300,000 Ordinary Shares at an exercise price of A$0.40 per share pursuant to the exercise of options by Managing Director, Mr Harry Adams and his associates.

As a consequence the Company has applied to the Australian Stock Exchange and the London Stock Exchange for the additional quotation of 2,300,000 Ordinary Shares.

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company and trading is expected to commence on 25 November 2002.

Mr Adams and his associates have sold 1,282,035 shares at 79 cents per share raising funds to exercise the 2,300,000 options at 40 cents per share which were due to expire on 15 December 2002, and to pay some of the associated tax .

The options held by Mr Adams and his associates have reduced from 4,000,000 to 1,700,000 options exercisable at 80 cents per share, expiring on 22 November 2005 pending the issue of 2,300,000 options exercisable at no less than $1.11 per share, in accordance with a resolution passed at the Annual General Meeting on 31 October 2002.



  • Download this announcement (120KB) [ pdf ]


  •   Latest Releases
    Announcements
    10 February 2005:
    Circular to Gympie Gold Group Stakeholders - 9 February 2005
    16 November 2004:
    Closure of Registered Office
    Quarterly Reports
    30 January 2004:
    Report for December 2003 Quarter
    20 October 2003:
    Report for September 2003 Quarter
    Annual Reports
    23 October 2003:
    2003 Annual Report
    01 October 2002:
    2002 Annual Report
     
    Profit Reports
    28 August 2003:
    Full-Year Results and Update
    28 August 2003:
    02-03 Preliminary Final Report
     
    Presentations
    25 November 2003:
    2003 AGM - Managing Director's Presentation
    05 November 2003:
    Mining 2003 Conference Presentation
     




    [ Home | About Us | Chairman's Report | Financial Summary | Releases | Investor Centre ]
    [ Gympie Eldorado Gold Mine | Gemstone | Southland Coal ]
    [ Media | Disclaimer ]
    © Gympie Gold Limited
    Email: info@gympiegold.com.au
    ABN: 88 000 759 535

    URL: http://gympiegold.com.au/releases/FYE2003/1037682434_23259.html
    Last Modified: Thursday, 05-Dec-2002 11:38:37 EST