Granting of Options

RNS Number : 1517C
Ormonde Mining PLC
17 January 2018
 

17 January 2018

 

 

Ormonde Mining plc

("Ormonde" or "the Company")

 

 

Granting of Options

 

 

Ormonde Mining plc announces that, on 16 January 2018, the Company granted conditional options ("Options") over 4,875,000 ordinary shares in the capital of the Company ("Ordinary Shares") to certain employees of the Company.

 

The exercise price for each option is Euro 0.027, being the closing share price of an Ordinary Share on the ESM Market of the Irish Stock Exchange on the day prior to award of the options, being 15 January 2018.

 

Details of the PDMR option awards are included below:

 

PDMR

Options granted on

 16 January 2018

Total Options held following grant




Paul Carroll

2,000,000

5,100,000

Fraser Gardiner

2,000,000

2,000,000

 

PDMR Dealings

The notification of dealing forms for each Director can be found below.  This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

Enquiries to:

 

Ormonde Mining plc Tel: +353 (0)1 8014184

Paul Carroll, Chief Financial Officer

Fraser Gardiner, Chief Operating Officer

 

Capital M Consultants

Simon Rothschild Mob: +44 (0)7703 167065

 

Murray Consultants

Mark Brennock Tel: +353 (0)1 4980300 Mob: +353 (0)87 2335923

 

Davy (Nomad, ESM Adviser and Joint Broker)

John Frain Tel: +353 (0)1 679 6363

 

SP Angel Corporate Finance LLP (Joint Broker)

Ewan Leggat Tel: +44 (0)20 3 470 0470

 

 

About Ormonde

Ormonde has a 30% interest in the Barruecopardo Tungsten Mine, located in northwest Spain.  Barruecopardo is a fully permitted and fully funded mining project currently being developed through a US$99.7 million funding package agreed with Oaktree Capital Management (70% interest) in 2015. The Barruecopardo Mine is scheduled to commence commissioning in Q3 2018.

 

For more information, visit www.ormondemining.com.

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

PAUL CARROLL

 

 

 

2

Reason for the notification

 

a)

Position/status

CHIEF FINANCIAL OFFICER

 

b)

Initial Notification Amendment

INITIAL NOTIFICATION

 

 

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ORMONDE MINING PLC.

 

b)

LEI

635400EA9DCKKQEWL348

 

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

OPTIONS OVER ORDINARY SHARES OF 0.01 EURO IN THE SHARE CAPITAL OF ORMONDE MINING PLC

 

ISIN: IE00BF0MZF04

b)

Nature of the transaction  

GRANT OF SHARE OPTIONS

 

 

 

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

€0.027

2,000,000

d)

Aggregated information

- Aggregated volume

- Price

2,000,000

€0.027

 

 

 

 

e)

Date of the transaction

16/01/18

 

 

f)

Place of the transaction

DUBLIN

 

 

g)

Additional Information

 

 

 

 

 

 

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

FRASER GARDINER

 

 

 

2

Reason for the notification

 

a)

Position/status

CHIEF OPERATING OFFICER

 

 

b)

Initial Notification Amendment

INITIAL NOTIFICATION

 

 

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ORMONDE MINING PLC.

 

b)

LEI

635400EA9DCKKQEWL348

 

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

OPTIONS OVER ORDINARY SHARES OF 0.01 EURO IN THE SHARE CAPITAL OF ORMONDE MINING PLC

 

ISIN: IE00BF0MZF04

b)

Nature of the transaction  

GRANT OF SHARE OPTIONS

 

 

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

€0.027

2,000,000

d)

Aggregated information

- Aggregated volume

- Price

2,000,000

€0.027

 

 

 

 

e)

Date of the transaction

16/01/18

 

 

f)

Place of the transaction

DUBLIN

 

 

g)

Additional Information

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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