Director/PDMR Shareholding

RNS Number : 3426V
Westmount Energy Limited
05 April 2019
 

5 April 2019

 

Westmount Energy Limited

("Westmount" or the "Company")

 

Grant of Options

 

Westmount Energy Limited (AIM:  WTE), the energy investment company, is pleased to announce the grant of options over nil par value ordinary shares in the Company ("Share Options") to the following directors:

 

Director

No. of Share Options granted

Exercise Price

Expiration Date

Gerard Walsh

Dermot Corcoran

Tom O'Gorman

David King

500,000

500,000

250,000

250,000

14.00 pence per share

14.00 pence per share

14.00 pence per share

14.00 pence per share

31 March 2024

31 March 2024

31 March 2024

31 March 2024

 

The Share Options may, at any time before expiry, be exercised in whole or in multiples of not less than 5,000 nil par value ordinary shares in the Company ("Ordinary Shares"). Ordinary Shares issued as a result of any such exercise may be sold (subject to applicable laws and AIM Rules) at any time including, but not limited to, a takeover or change of control of the Company.

 

Following the above grants, the Directors have beneficial interests in Ordinary Shares and Share Options as noted below:

 

Director

 

No. of Ordinary Shares

 

Approx. % of

Share Capital

No. of Share

Options

Gerard Walsh

Dermot Corcoran

Tom O'Gorman

David King

 

8,675,000

5,250,000

4,650,000

-

 

13.39

8.11

7.18

-

1,000,000

1,000,000

750,000

500,000

 

In addition to the above, Mr Walsh holds £500,000 principal of 10% p.a. convertible unsecured loan notes 2021 in the Company.

 

 

For further information, please contact:

 

Westmount Energy Limited                                        www.westmountenergy.com

David King, Director                                                       Tel: +44 (0) 1534 823133

Jane Vlahopoulou                                                          

 

Cenkos Securities plc (Nomad and Broker)

Nicholas Wells                                                                  Tel: +44 (0) 20 7397 8900

Harry Hargreaves

 

 

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gerard Walsh

2

Reason for the notification

a)

Position/status

Chairman

b)

Initial notification /Amendment

Initial notification

3

 

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

a)

Name

Westmount Energy Limited

b)

LEI

213800GJISWVBB5S3L84

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

Options over ordinary shares of no par value

Identification code

ISIN: GB00B0S5KR31

b)

Nature of the transaction

Grant of options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




-

500,000







d)

 

Aggregated information


- Aggregated volume

500,000

- Price

-

e)

Date of the transaction

5 April 2019

f)

Place of the transaction

Outside of trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Dermot Corcoran

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

 

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

a)

Name

Westmount Energy Limited

b)

LEI

213800GJISWVBB5S3L84

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

Options over ordinary shares of no par value

Identification code

ISIN: GB00B0S5KR31

b)

Nature of the transaction

Grant of options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




-

500,000







d)

 

Aggregated information


- Aggregated volume

500,000

- Price

-

e)

Date of the transaction

5 April 2019

f)

Place of the transaction

Outside of trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Tom O'Gorman

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

 

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

a)

Name

Westmount Energy Limited

b)

LEI

213800GJISWVBB5S3L84

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

Options over ordinary shares of no par value

Identification code

ISIN: GB00B0S5KR31

b)

Nature of the transaction

Grant of options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




-

250,000







d)

 

Aggregated information


- Aggregated volume

250,000

- Price

-

e)

Date of the transaction

5 April 2019

f)

Place of the transaction

Outside of trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David King

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification /Amendment

Initial notification

3

 

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

a)

Name

Westmount Energy Limited

b)

LEI

213800GJISWVBB5S3L84

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

Options over ordinary shares of no par value

Identification code

ISIN: GB00B0S5KR31

b)

Nature of the transaction

Grant of options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




-

250,000







d)

 

Aggregated information


- Aggregated volume

250,000

- Price

-

e)

Date of the transaction

5 April 2019

f)

Place of the transaction

Outside of trading venue

 


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