Last checked at 26 Jan 2017 14:29
Great Western Mining Corporation PLC
("Great Western Mining", "GWM" or the "Company")
Issue of Share options
Great Western Mining (AIM: GWMO & ESM: 8GW) announces that it has issued a total of 24 million share options to Directors, in accordance with the rules of the Company's Share Option Plan 2014 as approved by shareholders on 17 July, 2014.
The awards were approved by the Board on 26 January, 2017 (the "Award Date").
The Exercise Price is Sterling 0.5 pence per share, representing a premium of 15% over the closing price on 25 January, 2017. The options are for seven years and will vest 33.3% on the first, second and third anniversary of the grant of award. This is the first award of options that the Company has made under the 2014 scheme, and represents the total number of options outstanding to Directors.
Share options issued to Directors:
Brian Hall 4,000,000
David Fraser 8,000,000
Melvyn Quiller 6,000,000
Robert O'Connell 6,000,000
Great Western Mining currently has 389,823,809 ordinary shares of €0.0001 in issue.
ENQUIRIES:
Great Western Mining Corporation Plc David Fraser, Chief Executive
| +44 207 933 8795 (via Walbrook) | |
Davy (Nomad, ESM Adviser & Joint Broker) John Frain Roland French | +353 1 679 6363 john.frain@davy.ie roland.french@davy.ie
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Beaufort Securities Ltd (Joint Broker) Jon Belliss Elliot Hance
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+44 207 382 8300 | |
Walbrook PR (UK PR and IR) Paul Cornelius Gary Middelton Nick Rom | +44 207 933 8795 greatwesternmining@walbrookpr.com
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