Oriole Resources plc said it had completed the first tranche of the salary sacrifice scheme to advance the company’s Central Licence Package and the Bibemi projects in Cameroon.
SHARE CAPITAL
The company added that a £21,000 had been converted at 0.205 pence to 6,576,192 new ordinary shares of 0.1p each.
Following the issue of the shares, the directors will collectively hold 2.26% of the issued share capital of the company.
| Name | Number of Ordinary Shares Issued | Resultant shareholding in the Company | Percentage of the issued share capital of the Company |
| Eileen Carr | 648,780 | 16,837,871 | 0.77% |
| Tim Livesey | 2,260,975 | 16,597,885 | 0.76% |
| David Pelham | 455,153 | 2,109,140 | 0.10% |
| Claire Bay | 1,039,089 | 3,471,148 | 0.16% |
| Bob Smeeton | 2,172,195 | 16,970,011 | 0.78% |
The shares will be issued as fully paid and will rank pari passu in all respects with the existing ordinary shares, including the right to receive dividends and other distributions declared on or after the date on which they are issued