Director/PDMR Shareholding

RNS Number : 0154T

Westmount Energy Limited

30 November 2011

 



Westmount Energy Limited

("Westmount" or the "Company")

Appointment of Directors

Further to the announcement made on 29 November, the Board of Westmount is pleased to now confirm the appointment of Gerry Walsh and Thomas O'Gorman to the Board.  The Company has now applied for admission to trading of 2,200,000 ordinary shares of 20 pence in the Company and it is expected that dealings will commence on 5 December 2011.

Directors' Dealing

The Board of Westmount has resolved to grant options at a strike price of 20 pence, being the average closing price for a period of 30 days prior to the grant, to the following Directors of the Company:

Director and proposed director	No of options granted	Total options holding post grant
Mervyn Bradlow	400,000	550,000
Peter Richardson	100,000	150,000
Thomas O'Gorman	500,000	500,000
Gerry Walsh	500,000	500,000

In addition the Board has resolved to re-price the following options granted to certain directors on 22 September 2009 to a revised strike price of 20 pence from 17 pence in order for the strike price to be at the same level as the nominal share price of an ordinary share in the Company.

Director	No of options re-priced
Mervyn Bradlow	150,000
Peter Richardson Paul Anderson	50,000   50,000

Mervyn Bradlow - Westmount Energy Limited Tel: [phone]

Nicholas Wells / Elizabeth Bowman - Cenkos Securities plc Tel: [phone]

 

END

 

 

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