19 Dec 2017 07:00
Patagonia Gold Plc
("Patagonia Gold" or the "Company")
Grant of Share Options
Patagonia Gold Plc announces that it has granted options over, in aggregate, 80,000,000 new ordinary shares of 1p each in the Company ("Options") to Directors and other employees under the Company's share option arrangements, as set out below.
The Options, which vest, one third on the first anniversary of the date of grant, a further one third on the second anniversary of the date of grant and the remaining one third on the third anniversary of the date of grant, are exercisable (in whole or in part) at any time up to the tenth anniversary of the date of grant and are exercisable at a price of 1p per ordinary share.
The options issued to the Directors and PDMR's of the Company are set out below:
| Existing Options | Options Granted
| Total Options over ordinary shares |
Carlos Miguens | 24,500,0001 | 5,000,000 | 29,500,000 |
Gonzalo Tanoira | 3,719,0001 | 5,000,000 | 8,719,000 |
Manuel de Prado | 750,0001 | 5,000,000 | 5,750,000 |
Christopher van Tienhoven | 10,000,0002 | 15,000,000 | 25,000,000 |
Cristian Lopez Saubidet | 7,000,0001 | 15,000,000 | 22,000,000 |
Matthew Boyes | 5,000,0001 | 10,000,000 | 15,000,000 |
1 exercise prices between 7.875 and 22.75p
2 exercise price of 2.5p
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
Enquiries:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Plc
Tel: +54 11 5278 6950
Angela Hallett / Richard Tulloch
Strand Hanson Limited
Tel: +44 (0)20 7409 3494
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Carlos Miguens | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Director of the Company | ||||
b) | Initial notification/amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Patagonia Gold Plc | ||||
b) | LEI | 213800CUO61FNURZ7N7 | ||||
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 | Ordinary shares of 1p each in the share capital of the Patagonia Gold Plc | ||||
Identification code | GB0003049409 | |||||
b) | Nature of the Transaction | Grant 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 | 18 December 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Gonzalo Tanoira | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Director of the Company | ||||
b) | Initial notification/amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Patagonia Gold Plc | ||||
b) | LEI | 213800CUO61FNURZ7N7 | ||||
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 | Ordinary shares of 1p each in the share capital of the Patagonia Gold Plc | ||||
Identification code | GB0003049409 | |||||
b) | Nature of the Transaction | Grant 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 | 18 December 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Christopher van Tienhoven | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Director of the Company | ||||
b) | Initial notification/amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Patagonia Gold Plc | ||||
b) | LEI | 213800CUO61FNURZ7N7 | ||||
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 | Ordinary shares of 1p each in the share capital of the Patagonia Gold Plc | ||||
Identification code | GB0003049409 | |||||
b) | Nature of the Transaction | Grant 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 | 18 December 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Manuel de Prado | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Director of the Company | ||||
b) | Initial notification/amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Patagonia Gold Plc | ||||
b) | LEI | 213800CUO61FNURZ7N7 | ||||
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 | Ordinary shares of 1p each in the share capital of the Patagonia Gold Plc | ||||
Identification code | GB0003049409 | |||||
b) | Nature of the Transaction | Grant 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 | 18 December 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Cristian Lopez Saubidet | ||||
2. | Reason for the Notification | |||||
a) | Position/status | CFO | ||||
b) | Initial notification/amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Patagonia Gold Plc | ||||
b) | LEI | 213800CUO61FNURZ7N7 | ||||
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 | Ordinary shares of 1p each in the share capital of the Patagonia Gold Plc | ||||
Identification code | GB0003049409 | |||||
b) | Nature of the Transaction | Grant 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 | 18 December 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Matthew Boyes | ||||
2. | Reason for the Notification | |||||
a) | Position/status | COO | ||||
b) | Initial notification/amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Patagonia Gold Plc | ||||
b) | LEI | 213800CUO61FNURZ7N7 | ||||
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 | Ordinary shares of 1p each in the share capital of the Patagonia Gold Plc | ||||
Identification code | GB0003049409 | |||||
b) | Nature of the Transaction | Grant 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 | 18 December 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Patagonia Gold (PGD)