27 Jul 2016 12:00
27 July 2016
Tungsten Corporation plc (the "Company")
Grant of Share Options
Tungsten Corporation plc announces that on 26 July 2016 ("Grant Date") it has granted share options to various employees across the business. Options over a total of 1,112,906 Ordinary Shares, each with an exercise price of 43.45p per share (being the average closing share price on the five days prior to the Grant Date) have been granted under the terms of the UK Share Option Plan and the US Stock Option Plan. These options will vest annually, in equal proportions, over a period of four years.
As part of these grants, Tungsten has made awards to Directors and PDMRs as follows:
Notification of dealings in shares of Tungsten Corporation plc by Directors and/or other PDMR's of the Company.
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||
(a) | Name | Mr Richard Hurwitz | |||||
2. | Reason for the notification | ||||||
(b) | Position / status | Chief Executive Officer | |||||
(c) | Initial notification / amendment | Initial notification | |||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
(a) | Name | Tungsten Corporation plc | |||||
(b) | LEI | N/A | |||||
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 | Grant of share options to acquire ordinary shares of 0.438 pence per share under the US Stock Option Plan | |||||
(b) | Nature of the transaction | Grant of share options under the US Stock Option Plan | |||||
(c) | Price(s) and volume(s) |
| |||||
(d) | Aggregated information Aggregated volume Price | Exercise Price: 43.45p
Volume: 200,000 | |||||
(e) | Date of the transaction | 2016-07-26 GMT | |||||
(f) | Place of the transaction | Outside a trading venue | |||||
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||
(a) | Name | Mr David Williams | |||||
2. | Reason for the notification | ||||||
(b) | Position / status | Chief Financial Officer | |||||
(c) | Initial notification / amendment | Initial notification | |||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
(a) | Name | Tungsten Corporation plc | |||||
(b) | LEI | N/A | |||||
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 | ||||||
(d) | Description of the financial instrument, type of instrument Identification code | Grant of share options to acquire ordinary shares of 0.438 pence per share under the UK Share Option Scheme | |||||
(e) | Nature of the transaction | Grant of share options under the UK Share Option Scheme | |||||
(f) | Price(s) and volume(s) |
| |||||
(g) | Aggregated information Aggregated volume Price | Exercise Price: 43.45p
Volume: 80,000 | |||||
(h) | Date of the transaction | 2016-07-26 GMT | |||||
(i) | Place of the transaction | Outside a trading venue | |||||
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||
(a) | Name | Mr Patrick Clark | |||||
2. | Reason for the notification | ||||||
(b) | Position / status | General Counsel and Company Secretary | |||||
(c) | Initial notification / amendment | Initial notification | |||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
(a) | Name | Tungsten Corporation plc | |||||
(b) | LEI | N/A | |||||
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 | ||||||
(d) | Description of the financial instrument, type of instrument Identification code | Grant of share options to acquire ordinary shares of 0.438 pence per share under the UK Share Option Scheme | |||||
(e) | Nature of the transaction | Grant of share options under the UK Share Option Scheme | |||||
(f) | Price(s) and volume(s) |
| |||||
(g) | Aggregated information Aggregated volume Price | Exercise Price: 43.45p
Volume: 30,000 | |||||
(h) | Date of the transaction | 2016-07-26 GMT | |||||
(i) | Place of the transaction | Outside a trading venue | |||||
Name of authorised official of issuer responsible for making notification:
Patrick Clark
Company Secretary to Tungsten Corporation plc
TUNG.L (TUNG)