Issue of Share Options

RNS Number : 9941K

Great Western Mining Corp. plc

13 July 2017

 

Great Western Mining Corporation PLC

("Great Western Mining", "GWM" or the "Company")

Issue of Share Options

Great Western Mining (AIM: GWMO & ESM: 8GW) announces that it has issued a total of 26 million share options to Directors and key management, in accordance with the rules of the Company's Share Option Plan 2014 as approved by shareholders on 17 July 2014.

The awards were approved by the Board on 12 July 2017 (the "Award Date").

The exercise price of the new options will be Sterling 1.6 pence per share, representing a premium of 17.7% over the closing price on 11 July 2017. The options are for seven years and will vest 33.3% on the first, second and third anniversary of the grant of award. 

Share Options issued to Directors:

Brian Hall                                 4,000,000

David Fraser                            8,000,000

Melvyn Quiller                          6,000,000

Robert O'Connell                     7,000,000

Share Options issued to key management:

Project Geologist

Bartholomew Harvey                1,000,000

Following this announcement GWM has in issue 592,673,809 ordinary shares of €0.0001, 26 million Share Options with an Exercise Price of 1.6p, 24 million Share Options with an Exercise Price of 0.5p and 4,687,500 Warrants with an Exercise Price of 2.1p.

ENQUIRIES:

Great Western Mining Corporation Plc David Fraser, Chief Executive		[phone] (via Walbrook)
Davy (Nomad, ESM Adviser & Joint Broker) John Frain		[phone]
Beaufort Securities Ltd (Joint Broker) Jon Belliss Elliot Hance		[phone]
Walbrook PR (UK PR and IR) Paul Cornelius Nick Rome		[phone] [e-mail]

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.   Brian Hall 2.   David Fraser 3.   Melvyn Quiller 4.   Robert O'Connell 5.   Bartholomew Harvey
2	Reason for the notification
a)	Position/status	1.   Chairman, PDMR 2.   Chief Executive, PDMR 3.   Finance Director & Company Secretary, PDMR 4.   Operations Director, PDMR 5.   Project Geologist, PDMR
b)	Initial Notification Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Great Western Mining Corporation PLC
b)	LEI	635400NZ1RTHSGDVNQ43 I
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 Identification code	Ordinary shares of nominal value €0.0001 each ISIN: IE00B1FR8863
b)	Nature of the transaction	Issue of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.  1.6 pence per Ordinary Share 2.  1.6 pence per Ordinary Share 3.  1.6 pence per Ordinary Share 4.  1.6 pence per Ordinary Share 5.  1.6 pence per Ordinary Share 1.  4,000,000 2.  8,000,000 3.  6,000,000 4.  7,000,000 5.  1,000,000
d)	Aggregated information - Aggregated volume - Price	N/A, single transaction
e)	Date of the transaction	12 July 2017
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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