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Blenheim Natural Res (TSI)

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Friday 10 February, 2017

Blenheim Natural Res

Grant of Options and PDMR Dealing

RNS Number : 6482W
Blenheim Natural Resources PLC
10 February 2017
 

10 February 2017

 

Blenheim Natural Resources plc

 

("Blenheim" or the "Company")

 

Grant of Options and PDMR Dealing

 

 

The Company announces that it has today granted options to Chris Ells and Mark Parker, both directors of Blenheim, as set out in the table below. The options granted are over a total of 22,500,000 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares"), vest immediately and are exercisable at any time until the third anniversary of the date of grant (the "Options"). The Options have an exercise price of 0.65 pence each, representing a premium of approximately 8.5 per cent to the volume weighted average price of the Company's Ordinary Shares over the three months preceding the date of grant.

 

Name

Position

Number of Options granted

Exercise price (pence)

Total number of Options held

Total number of Options now held as a percentage of the Company's current issued share capital

Chris Ells

Chairman

12,500,000

0.65

19,500,000

4.9%

Mark Parker

Non-Executive Director

10,000,000

0.65

 11,500,000

2.9%

 

Following the grant of the Options the total number of ordinary shares in the Company under option (excluding warrants) is 32,500,000, representing 8.2 per cent of the current issued share capital.

 

Blenheim was also informed today that Mrs Jenny Ells, spouse of Chris Ells, today purchased 1,500,000 Ordinary Shares at a price of 0.777 pence per Ordinary Share.

 

Following this transaction, Chris Ells, together with his spouse, is beneficially interested in 11,410,000 Ordinary Shares, representing approximately 2.9 per cent of the Company's current issued share capital.

 

For further information please contact:

 

Chris Ells

Blenheim Natural Resources Plc

+44 (0) 1622 844601




Colin Aaronson/Jamie Barklem/ Daniel Bush

Grant Thornton UK LLP

(Nominated Adviser)

+44 (0) 20 7383 5100




Nick Emerson

SI Capital Ltd (Joint Broker)

+44 (0)1483 413500

Lucy Williams / Duncan Vasey

Peterhouse Corporate Finance Limited (Joint Broker)

+44 (0) 20 7469 0932

Colin Rowbury

Cornhill Capital Limited (Joint Broker)

+44 (0) 20 7710 9610

                           

 

 

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

 

 

Mrs Jenny Ells

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Wife of Chris Ells, Chairman

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

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

 

a)

 

Name

 

 

Blenheim Natural Resources Plc

b)

 

LEI

 

 

213800K5AXTQDWB6BP80

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 0.1p each

 

 

GB00BYQ5L258

b)

 

Nature of the transaction

 

 

On market purchase

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

0.777p

1,500,000

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

Aggregated price: 0.777p

 

Aggregated volume: 1,500,000

 

Aggregated total: £11,655

 

e)

 

Date of the transaction

 

 

10 February 2017

f)

 

Place of the transaction

 

 

London Stock Exchange AIM Market

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Chris Ells

 

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

 

 

Blenheim Natural Resources Plc

b)

 

LEI

 

 

213800K5AXTQDWB6BP80

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 0.1p each with ISIN GB00BYQ5L258

b)

 

Nature of the transaction

 

 

Grant of options

c)

 

Price(s) and volume(s)

 

 

 

Exercise Price(s)

 

Volume(s)

0.65p

12,500,000

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

Aggregated exercise price: 0.65p

 

Aggregated volume: 12,500,000

 

 

e)

 

Date of the transaction

 

 

10 February 2017

f)

 

Place of the transaction

 

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Mark Parker

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

 

 

Blenheim Natural Resources Plc

b)

 

LEI

 

 

213800K5AXTQDWB6BP80

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 0.1p each with ISIN GB00BYQ5L258

b)

 

Nature of the transaction

 

 

Grant of options

c)

 

Price(s) and volume(s)

 

 

 

Exercise Price(s)

 

Volume(s)

0.65p

10,000,000

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

Aggregated exercise price: 0.65p

 

Aggregated volume: 10,000,000

 

e)

 

Date of the transaction

 

 

10 February 2017

f)

 

Place of the transaction

 

 

Outside a trading venue

 


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