AMED Amedeo Res

TIDMAMED

RNS Number : 0931I

Amedeo Resources PLC

20 March 2015

Amedeo Resources Plc

("the Company")

Director Dealings

The Company announces that on 19 March, Zafarullah Karim purchased existing warrants from a third party to subscribe for new ordinary shares of 0.01p in the Company ("Ordinary Shares") for a consideration of GBP20,000 in cash as set out below ("Warrants").

 
 Number of Warrants   Exercise Price   Expiration Date 
-------------------  ---------------  ---------------- 
     33,315,774            1.0p          31 Jan 2025 
-------------------  ---------------  ---------------- 
 

The Warrants, which are transferrable, can be exercised at 1.0p only after certain share price performance conditions have been met and certain time periods have elapsed.

In addition to the 109,544,785 warrants held by Zafarullah Karim, the purchase takes Mr Karim's warrant position to 142,860,559 warrants, representing 3.7% of the fully diluted outstanding ordinary shares of the Company.

ENDS

For further information please visit www.amedeoresources.com or contact:

Enquiries:

 
Glen Lau                       Zafar Karim 
 Chief Executive Officer        Executive Director 
 Amedeo Resources Plc           Amedeo Resources Plc 
 Tel office: +44 20 7583 8304   Tel office: +44 20 7583 8304 
 
 
Paul Shackleton /Andrew Kitchingman  Saif Janjua 
 Nominated Adviser & Broker           Joint Broker 
 WH Ireland                           Beaufort Securities Limited 
 Tel office: +44 113 394 6600         Tel office: +44 20 7382 8300 
 

Notes

Amedeo Resources plc is an investment company whose policy is to invest principally, but not exclusively, in the resources and resources infrastructure and asset sectors. Amedeo has a deep and broad global network and wide contact base in these sectors, including in East and South East Asia and the Middle East which it leverages to source and make investments. These sectors exhibit high growth and are strategically important. Amedeo is a proactive investor which assists its investee companies to grow by providing investment, expertise and contacts.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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