22 Jul 2022 16:46
22 July 2022
Landore Resources Limited
("Landore Resources" or the "Company")
Award of Options
Landore Resources Limited (AIM: LND) announces that on 22 July 2022 the Company issued a total of 1,150,000 options over new ordinary shares (the "Options") to certain Directors and employees of the Company, equating to 1% of the current issued share capital. The Options have an exercise price of 25 pence, being a 38% premium to the closing market price on 21 July 2022 and can be exercised for a period of five years from the date of grant.
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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| Glenn Featherby, Finance Director | Tel: 07730 420318 | ||||||
| www.landore.com | |||||||
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| Cenkos Securities plc (Nominated Adviser and Broker) | |||||||
| Derrick Lee / Pete Lynch | Tel: 0131 220 9771 | ||||||
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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
GG00BMX4VR69
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b) | Nature of the transaction: | Award of Options exercisable at a price of 25 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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25p | 500,000
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above 500,000 25p
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e) | Date of the transaction: | 22 July 2022
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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: | Glenn Featherby
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2. | Reason for the notification | ||||
a) | Position/status: | Finance 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
GG00BMX4VR69
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b) | Nature of the transaction: | Award of Options exercisable at a price of 25 pence for a period of five years from the date of grant
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c) | Price(s) and volume(s): | Price | Volume | ||
25p | 250,000
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above 250,000 25p
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e) | Date of the transaction: | 22 July 2022
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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
GG00BMX4VR69
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b) | Nature of the transaction: | Award of Options exercisable at a price of 25 pence for a period of five years from the date of grant
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c) | Price(s) and volume(s): | Price | Volume | ||
25p | 50,000
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above 50,000 25p
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e) | Date of the transaction: | 22 July 2022
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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
GG00BMX4VR69
| |||
b) | Nature of the transaction: | Award of Options exercisable at a price of 25 pence for a period of five years from the date of grant
| |||
c) | Price(s) and volume(s): | Price | Volume | ||
25p | 50,000
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above 50,000 25p
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e) | Date of the transaction: | 22 July 2022
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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: | Huw Salter
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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
GG00BMX4VR69
| |||
b) | Nature of the transaction: | Award of Options exercisable at a price of 25 pence for a period of five years from the date of grant
| |||
c) | Price(s) and volume(s): | Price | Volume | ||
25p | 50,000
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above 50,000 25p
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e) | Date of the transaction: | 22 July 2022
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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
GG00BMX4VR69
| |
b) | Nature of the transaction: | Award of Options exercisable at a price of 25 pence for a period of five years from the date of grant
| |
c) | Price(s) and volume(s): | Price | Volume |
25p | 250,000
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d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above 250,000 25p
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e) | Date of the transaction: | 22 July 2022
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f) | Place of the transaction: | Outside a trading venue
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Landore (LND)