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Sweden,United Kingdom : Exercise of Options/PDMR Dealing.

Beowulf, the mineral exploration and development company, focused on the Kallak magnetite iron ore project and the Atvidaberg polymetallic exploration licence in Sweden, and its graphite portfolio in Finland, announces that it has received an exercise notice from Bevan Metcalf (Non-Executive Chairman), a person discharging managerial responsibilities (PDMR), over 8,500,000 new ordinary shares of 1p per share in the Company (the Option Shares).

Of the Option Shares 8,000,000 were exercised at 1.66p and 500,000 were exercised at 4p for a total consideration of 152,800. Application has been made for the Option Shares to be admitted to trading on AIM and it is expected that admission will take place on 16th October 2017 (Admission).

The Option Shares will rank pari passu with the existing ordinary shares of the Company. Following Admission of the Option Shares, the Companys enlarged issued share capital will comprise 534,207,254 ordinary shares with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authoritys Disclosure and Transparency Rules.

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Publication:Mena Report
Date:Oct 11, 2017
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