Source - RNS
RNS Number : 2773L
Atlantis Resources Limited
30 September 2016

30 September 2016

Atlantis Resources Limited

Surrender of awards by a Director

Atlantis Resources Limited (AIM: ARL, "Atlantis", or the "Company") announces that today the Company's CEO, Tim Cornelius, has surrendered in full an award granted to him on 11 December 2013 under The Company 2013 Long-Term Incentive Plan (the "Plan") over 1,063,830 ordinary shares of no par value in the Company ("Ordinary Shares") at an exercise price per Ordinary Share of £0.94.

At the same time the Company granted to Tim Cornelius an award under the Plan over 1,000,000 Ordinary Shares at an exercise price per Ordinary Share of £0.50. A separate notification has been issued in respect of this grant.


PDMR notification - Tim Cornelius


1.   Details of the Restricted Person / person closely associated with him or her


a)   Name


Tim Cornelius

2.   Reason for the notification

a)   Position/status



b)   Initial notification / Amendment


Initial notification

3.   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor


a)   Name


Atlantis Resources Limited

b)   UEN


Company number 200517551R


4.   Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted


a)   Description of the financial instrument, type of instrument


Ordinary shares of no par value in the capital of Atlantis Resources Limited

b)   Identification code


ISIN SG0000011118

c)   Nature of the transaction


Surrender of options granted on 11 December 2013

d)   Price(s) and volume(s)


Volume(s) of surrendered option:1,063,830

Exercise Price of surrendered option: £0.94 per share


e)   Aggregated information:

i. Aggregated volume

ii. Price



Aggregate volume surrendered: 1,063,830


Exercise Price of surrendered option: £0.94 per share

f)    Date of the transaction





g)   Place of the transaction

Outside a trading venue





Atlantis Resources

+44 (0)20 3727 1000

John Neill, Chairman

Simon Counsell, Chief Financial Officer

Peel Hunt LLP (Nominated Adviser and Broker)

+44 (0)20 7418 8900

Adrian Trimmings

Jock Maxwell Macdonald

Euan Brown

FTI Consulting

+44 (0)20 3727 1000

Ben Brewerton

Alex Beagley

James Styles



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