Last checked at 13 Jul 2017 11:38
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 26 million share options to Directors and key management, 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 12 July 2017 (the "Award Date").
The exercise price of the new options will be Sterling 1.6 pence per share, representing a premium of 17.7% over the closing price on 11 July 2017. The options are for seven years and will vest 33.3% on the first, second and third anniversary of the grant of award.
Share Options issued to Directors:
Brian Hall 4,000,000
David Fraser 8,000,000
Melvyn Quiller 6,000,000
Robert O'Connell 7,000,000
Share Options issued to key management:
Project Geologist
Bartholomew Harvey 1,000,000
Following this announcement GWM has in issue 592,673,809 ordinary shares of €0.0001, 26 million Share Options with an Exercise Price of 1.6p, 24 million Share Options with an Exercise Price of 0.5p and 4,687,500 Warrants with an Exercise Price of 2.1p.
ENQUIRIES:
Great Western Mining Corporation Plc David Fraser, Chief Executive
| +44 207 933 8795 (via Walbrook) | |
Davy (Nomad, ESM Adviser & Joint Broker) John Frain
| +353 1 679 6363
| |
Beaufort Securities Ltd (Joint Broker) Jon Belliss Elliot Hance
|
+44 207 382 8300 | |
Walbrook PR (UK PR and IR) Paul Cornelius Nick Rome | +44 207 933 8795 greatwesternmining@walbrookpr.com
|
1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
a) | Name | 1. Brian Hall 2. David Fraser 3. Melvyn Quiller 4. Robert O'Connell 5. Bartholomew Harvey
| ||||
2 | Reason for the notification
| |||||
a) | Position/status |
1. Chairman, PDMR 2. Chief Executive, PDMR 3. Finance Director & Company Secretary, PDMR 4. Operations Director, PDMR 5. Project Geologist, PDMR
| ||||
b) | Initial Notification Amendment |
Initial
| ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Great Western Mining Corporation PLC
| ||||
b) | LEI | 635400NZ1RTHSGDVNQ43 I
| ||||
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 nominal value €0.0001 each
ISIN: IE00B1FR8863 | ||||
b) | Nature of the transaction |
Issue of options over Ordinary Shares
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A, single transaction
| ||||
e) | Date of the transaction |
12 July 2017
| ||||
f) | Place of the transaction |
Outside a trading venue
| ||||