Nativo Resources plc issued 6,858,710 ordinary shares, to its executive chairman Christian Yates and chief executive officer Stephen Birrell, in lieu of salary owing. TVRs The shares issue, announced on 6 February, was at an agreed price of £0.005832 per new ordinary share, representing an 8% premium to the closing market price of the company’s shares on […]
Tag: shares in lieu of salary
Altona issues total 4.8m new shares
Altona Rare Earths plc has issued an aggregate 4,817,996 new ordinary shares for directors’ salaries and to clear part of a debt. TVRs The Africa explorer issued 1,484,663 ordinary shares of £0.01 pence each, in lieu of cash salary payments, to its directors as part of cash conservation measures. A total of 3,333,333 new ordinary […]