Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBeowulf Regulatory News (BEM)

Share Price Information for Beowulf (BEM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.65
Bid: 0.60
Ask: 0.70
Change: 0.00 (0.00%)
Spread: 0.10 (16.667%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.65
BEM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Award of Options

14 Jan 2019 17:35

RNS Number : 0647N
Beowulf Mining PLC
14 January 2019
 

14 January 2019

Beowulf Mining Plc

("Beowulf" or the "Company") 

Award of Options

Beowulf (AIM: BEM; Spotlight: BEO), the Nordic focused mineral exploration and development company, announces that today options have been granted over a total of 8,000,000 ordinary shares of 1 pence each in the capital of the Company ("Share Options"), representing approximately 1.41% of the issued share capital of the Company, to certain directors and a senior manager of the Company, as outlined below:

Position

Number of Options Granted

Total number of Options held

Kurt Budge

 

Chief Executive Officer

3,500,000

13,000,000

Christopher Davies

 

Non-Executive Director

2,500,000

5,000,000

Rasmus Blomqvist

 

Exploration Manager

2,000,000

4,000,000

 

In addition to the above, 1,250,000 Share Options have been granted to certain other employees of the Company.

This award of the Share Options recognises the contribution made by the directors and employees to the continued advancement of the Company. Options were last awarded to Kurt Budge in July 2015, and to Christopher Davies and Rasmus Blomqvist in January 2017.

The Share Options are exercisable at a price of 7.35 pence per share, being a 30% premium to the closing mid-price of 5.65 pence per share on 11 January 2019. The Share Options fully vest one year from the date of grant or fully vest immediately if the individual leaves the Company. The Share Options are valid for five years from the date of grant.

Following the grant of Share Options, there will be 23,250,000 ordinary shares of 1 pence each of the Company under option to directors and employees of the Company, representing 4.10% of the existing issued ordinary share capital of the Company.

Kurt Budge and Christopher Davies are directors of Beowulf and Rasmus Blomqvist is a director of a subsidiary of Beowulf, Oy Fennoscandian Resources AB, and are therefore regarded as related parties as defined by the AIM Rules for Companies (the "AIM Rules"). The grant of Share Options to each of them is classified as a related party transaction for the purposes of Rule 13 of the AIM Rules. Mr Göran Färm, being the independent director for the purposes of Rule 13, considers, having consulted with the Company's Nominated Adviser, SP Angel Corporate Finance LLP, that the terms of the related party transaction are fair and reasonable insofar as the shareholders of the Company are concerned.

Enquiries:

Beowulf Mining plc

Kurt Budge, Chief Executive Officer Tel: +44 (0) 20 3771 6993

 

SP Angel

(Nominated Adviser & Broker)

 Ewan Leggat / Soltan Tagiev Tel: +44 (0) 20 3470 0470

 

Blytheweigh

Tim Blythe / Megan Ray Tel: +44 (0) 20 7138 3204

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealing.

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

Kurt Budge

2.

Reason for the notification

 

a)

 

Position/status

PDMR - Chief Executive Officer

b)

 

Initial notification /Amendment

 

Initial Notification

3.

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

 

a)

Name

 

Beowulf Mining plc

b)

LEI

 

213800MV3XGAOASPT433

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

 

Share options over ordinary shares of 1p each

 

 

GB0033163287

b)

Nature of the transaction

Award of share options over ordinary shares

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

7.35 pence

 

3,500,000

 

d)

Aggregated information

 

- Aggregated volume

 

 

- Price

 

Not applicable

e)

Date of the transaction

 

14 January 2019

f)

Place of the transaction

 

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Christopher Davies

2.

Reason for the notification

 

a)

 

Position/status

PDMR - 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

 

Beowulf Mining plc

b)

LEI

 

213800MV3XGAOASPT433

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

 

Share options over ordinary shares of 1p each

 

 

GB0033163287

b)

Nature of the transaction

Award of share options over ordinary shares

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

7.35 pence

 

2,500,000 

d)

Aggregated information

 

- Aggregated volume

 

 

- Price

 

Not applicable

e)

Date of the transaction

 

14 January, 2019

f)

Place of the transaction

 

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Rasmus Blomqvist

2.

Reason for the notification

 

a)

 

Position/status

PDMR - Exploration Manager

b)

 

Initial notification /Amendment

Initial Notification

3.

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

 

a)

Name

 

Beowulf Mining plc

b)

LEI

 

213800MV3XGAOASPT433

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

 

Share options over ordinary shares of 1p each

 

 

GB0033163287

b)

Nature of the transaction

Award of share options over ordinary shares

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

7.35 pence

 

2,000,000

 

d)

Aggregated information

 

- Aggregated volume

 

 

- Price

 

Not applicable

e)

Date of the transaction

 

14 January, 2019

f)

Place of the transaction

 

Outside a trading venue

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHLLFVDLLISLIA
Date   Source Headline
26th Mar 20247:00 amRNSProspective Exploration Targets at Parkijaur nr 7
20th Mar 202410:05 amRNSCapital Raise Update
20th Mar 20249:43 amRNSCapital Raise Update
15th Mar 20247:00 amRNSUpdate on Consolidation of Vardar Minerals Limited
14th Mar 202410:30 amRNSPrimaryBid Offer
14th Mar 20247:06 amRNSSubscription period in Rights Issue of SDRs begins
13th Mar 20244:37 pmRNSPublication of Prospectus
12th Mar 20244:50 pmRNSPostponement of Subscription period
8th Mar 20242:10 pmRNSBörsveckan Presentation and Interview
7th Mar 20247:00 amRNSProject Director appointed for Kallak
5th Mar 20241:40 pmRNSResult of General Meeting
4th Mar 20247:00 amRNSBeowulf announces final terms for capital raise
4th Mar 20247:00 amRNSVardar Consolidation of Ownership and Update
29th Feb 20247:00 amRNSParkijaur nr 8 Exploration Permit Awarded
29th Feb 20247:00 amRNSUnaudited Preliminary Financial Results
19th Feb 20247:00 amRNSExtension of Site Reservation in GigaVaasa Area
16th Feb 20247:00 amRNSProposed fundraise and Notice of General Meeting
5th Feb 20247:00 amRNSProject Director appointed for Kallak
24th Jan 20247:00 amRNSUpdated Corporate Presentation
22nd Jan 20247:00 amRNSUpdate on the Kallak Iron Ore Project
17th Jan 20247:00 amRNSUpdate for the development of GAMP in GigaVaasa
28th Dec 20237:00 amRNSAppointment of Joint UK Broker
29th Nov 20237:00 amRNSUnaudited Financial Results
2nd Nov 20237:00 amRNSVardar Minerals Update
31st Oct 20237:00 amRNSRenewal of exploration licence at Kallak Project
27th Oct 20237:00 amRNSChinese Export Controls on Graphite Products
24th Oct 20237:00 amRNSDevelopment plan for the Kallak Iron Ore Project
26th Sep 20237:00 amRNSPreliminary Roadmap for the GAMP development
4th Sep 20237:00 amRNSGrafintec Strategy Update
31st Aug 20237:00 amRNSUnaudited Financial Results
16th Aug 20237:00 amRNSManagement changes at Jokkmokk Iron Mines AB
27th Jul 20237:00 amRNSCompromise Agreement with former CEO
20th Jul 20237:00 amRNSPFS results support GAMP development in GigaVaasa
10th Jul 20237:00 amRNSAppointment of Non-Executive Director
30th Jun 20237:00 amRNSExtension of Site Reservation in GigaVaasa Area
29th Jun 20239:00 amRNSResult of Annual General Meeting
28th Jun 20237:00 amRNSAppointment of Ed Bowie as Chief Executive Officer
6th Jun 20237:00 amRNSPosting of Annual Report and Notice of AGM
2nd Jun 20232:50 pmRNSAudited Results for year ended 31 December 2022
31st May 20237:00 amRNSUnaudited Results for Period Ended 31 March 2023
25th May 20237:00 amRNSRetraction Statement - Kallak
3rd May 20236:15 pmRNSBoard Changes
3rd May 20237:00 amRNSFastmarkets International Iron Ore 2023 Attendance
28th Apr 20237:00 amRNSCollaboration on Sustainable Graphite Technology
24th Apr 20237:00 amRNSMining Journal Select Interviews
3rd Apr 20237:00 amRNSMining Journal Select Interview
31st Mar 20237:00 amRNSTotal Voting Rights
16th Mar 20237:00 amRNSLast day of trading in Paid Subscribed SDRs
7th Mar 20237:00 amRNSRights Issue of SDRs raises additional funds
28th Feb 20237:15 amRNSBeowulf announces outcome of Capital Raise

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.