25 Jul 2019 16:14
25 July 2019
Landore Resources Limited
("Landore Resources" or the "Company")
(AIM Ticker: LND.L)
Award of Options
Landore Resources Limited (AIM: LND) announces that on 24 July 2019 the Company issued a total of 46,000,000 options over new ordinary shares ("Options") to certain Directors and employees of the Company. The Options have an exercise price of 0.0805 pence and can be exercised for a period of five years from the date of grant. The Options replace 27,400,000 options granted previously by the Company, which have now lapsed.
Further details of the Options granted to Directors and PDMRs are set out below.
For more information, please contact:
| Landore Resources Limited | |||||||
| Bill Humphries, Chief Executive Officer | Tel: 07734 681262 | ||||||
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| Richard Prickett, Finance Director | Tel: 07775 651421 | ||||||
| www.landore.com | |||||||
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| Cenkos Securities plc (Nominated Adviser and Broker) | |||||||
| Derrick Lee / Pete Lynch | Tel: 0131 220 6939 | ||||||
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1. | Details of the person discharging managerial responsibilities/person closely associated |
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a) | Name: | William Humphries
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2. | Reason for the notification |
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a) | Position/status: | Chief Executive Officer
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b) | Initial notification/Amendment: | Initial Notification
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) | Name: | Landore Resources Limited
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b) | LEI: | 21380019CJ5T1PNY3Q69
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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 |
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a) | Description of the financial instrument, type of instrument: Identification code: | Options over Ordinary Shares of no par value in Landore Resources Limited
GB00B06VJ325
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b) | Nature of the transaction: | Award of Options exercisable at a price of 0.0805 pence for a period of five years from the date of grant
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c) | Price(s) and volume(s): | Price | Volume |
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0.0805p | 20,000,000
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above 20,000,000 0.0805p
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e) | Date of the transaction: | 24 July 2019
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f) | Place of the transaction: | Outside a trading venue
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1. | Details of the person discharging managerial responsibilities/person closely associated | ||||
a) | Name: | Richard Prickett
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2. | Reason for the notification | ||||
a) | Position/status: | Chief Financial Officer
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b) | Initial notification/Amendment: | Initial Notification
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name: | Landore Resources Limited
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b) | LEI: | 21380019CJ5T1PNY3Q69
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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 no par value in Landore Resources Limited
GB00B06VJ325
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b) | Nature of the transaction: | Award of Options exercisable at a price of 0.0805 pence for a period of five years from the date of grant
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c) | Price(s) and volume(s): | Price | Volume | ||
0.0805p | 10,000,000
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above 10,000,000 0.0805p
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e) | Date of the transaction: | 24 July 2019
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f) | Place of the transaction: | Outside a trading venue
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1. | Details of the person discharging managerial responsibilities/person closely associated | ||||
a) | Name: | Charles Wilkinson
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2. | Reason for the notification | ||||
a) | Position/status: | Non-executive Chairman
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b) | Initial notification/Amendment: | Initial Notification
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name: | Landore Resources Limited
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b) | LEI: | 21380019CJ5T1PNY3Q69
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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 no par value in Landore Resources Limited
GB00B06VJ325
| |||
b) | Nature of the transaction: | Award of Options exercisable at a price of 0.0805 pence for a period of five years from the date of grant
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c) | Price(s) and volume(s): | Price | Volume | ||
0.0805p | 2,000,000
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above 2,000,000 0.0805p
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e) | Date of the transaction: | 24 July 2019
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f) | Place of the transaction: | Outside a trading venue
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1. | Details of the person discharging managerial responsibilities/person closely associated | ||||
a) | Name: | Helen Green
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2. | Reason for the notification | ||||
a) | Position/status: | Non-executive Director
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b) | Initial notification/Amendment: | Initial Notification
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name: | Landore Resources Limited
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b) | LEI: | 21380019CJ5T1PNY3Q69
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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 no par value in Landore Resources Limited
GB00B06VJ325
| |||
b) | Nature of the transaction: | Award of Options exercisable at a price of 0.0805 pence for a period of five years from the date of grant
| |||
c) | Price(s) and volume(s): | Price | Volume | ||
0.0805p | 2,000,000
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above 2,000,000 0.0805p
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e) | Date of the transaction: | 24 July 2019
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f) | Place of the transaction: | Outside a trading venue
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1. | Details of the person discharging managerial responsibilities/person closely associated | ||||
a) | Name: | Michele Tuomi
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2. | Reason for the notification | ||||
a) | Position/status: | Exploration Manager
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b) | Initial notification/Amendment: | Initial Notification
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name: | Landore Resources Limited
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b) | LEI: | 21380019CJ5T1PNY3Q69
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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 no par value in Landore Resources Limited
GB00B06VJ325
| |||
b) | Nature of the transaction: | Award of Options exercisable at a price of 0.0805 pence for a period of five years from the date of grant
| |||
c) | Price(s) and volume(s): | Price | Volume | ||
0.0805p | 10,000,000
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above 10,000,000 0.0805p
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e) | Date of the transaction: | 24 July 2019
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f) | Place of the transaction: | Outside a trading venue
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Landore (LND)