Fenix Resources managing director shows faith in company with early exercise of options
Robert Brierley has exercised 2 million unlisted options exercisable at $0.08 each and due to expire on November 21, 2021, with a total value of $160,000. The company has notched up a strong June quarter of iron ore production and sales.
Fenix Resources Ltd (ASX:FEX) managing director Robert Brierley is the latest director to demonstrate his confidence in the company’s iron ore production growth plan with the early exercising of options.
On July 16 Brierley exercised 2 million unlisted options exercisable at $0.08 each and due to expire on November 21, 2021, with a total value of $160,000.
Portland Paints and Products Nigeria Plc on Tuesday announced plans to transfer all its rights liabilities and business undertakings, including real property and intellectual property to Chemical Allied Products (CAP) Plc.
This followed the approval of the proposed merger plan between CAP Plc and Portland Paints Plc by the Federal High Court, Lagos.
In a statement sent to Nigeria Stocks Exchange on Tuesday, Portland paints said upon approval by the shareholders at the court-ordered meeting on February 18, the subjoined resolutions of the merger agreement would be effected.
In the arrangement, all employees and undertakings rights, powers, and duties of a personal character, which could not generally be assigned or performed vicariously will be transferred to CAP Plc.
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