Directors’ Salary Sacrifice and Issue of New Shares
Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development company focused on the Kallak iron ore project in northern Sweden and its Swedish exploration portfolio, announces that it has issued 2,035,457 new ordinary shares (“New Shares”) to Directors, following the Board of Director’s decision in October 2014 to take a proportion of their salary and fees in shares instead of cash (“Salary Sacrifice”), aligning themselves with the interests of shareholders.
The total amount of the Salary Sacrifice between 1 October 2014 and 31 May 2015 is £45,798. The share price used