Application has been made for 14,859 new ordinary shares of 1p each in the Company to be admitted to trading on the AIM Market of London Stock Exchange plc, of which 6,667 ordinary shares have been issued pursuant to the exercise of options by a former employee.The balance of the shares were issued to certain non-executive directors of the Company on 16 November 2004 as consideration for quarterly fees for the period 1 July 2004 to 30 September 2004. Further details are set out in the table below:
| Director | Shares issued | Issue price* | Resultant holding | Resultant % |
|---|---|---|---|---|
| Daniel Kappes | 4,096 | 51.72p | 304,830 | 0.14% |
| Mark Wellesley-Wood | 4,096 | 51.72p | 299,659 | 0.14% |
* The shares were issued at the average mid-market price for the period 1 July 2004 to 30 September 2004.
The new shares will rank pari passu with existing ordinary shares and dealings are expected to commence in the new ordinary shares at 8.00am on 23 November 2004.
Following the allotment of the above new ordinary shares, the Company's issued share capital is 220,308,836 ordinary shares of 1p each.
Contacts:
Oxus Gold plc
Richard Wilkins
Tel: +44 (0)20 7907 2000
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