VVV Resources Limited Announces Updates on Directors' Shareholdings

VVV Resources Limited has disclosed an update concerning the shareholdings of its directors following recent organizational changes. This adjustment comes soon after the appointment of Benjamin Hill as a Non-Executive Director and a decision by the Board to grant ordinary shares to all directors in place of cash compensation for services rendered.

The distribution of shares took place off-market on April 17, 2024. Each director, including new appointee Benjamin Hill and existing directors Jim Williams and Mahesh S/o Pulandaran, received shares amounting to approximately 4.3% of the company's enlarged share capital. Specifically, Williams and Hill both received 333,333 shares, whereas Pulandaran received a slightly higher allotment of 335,334 shares. Following this issue, VVV Resources Limited confirms its total issue of ordinary shares stands at 7,760,504, with each share granting one vote, none of which are held in treasury.

The company has articulated that this new shareholding structure will be the reference point for shareholders for any notifications to be made under the Financial Conduct Authority's Disclosure and Transparency Rules concerning changes in share capital interest.