17 Jan 2018 11:58
17 January 2018
Ormonde Mining plc
("Ormonde" or "the Company")
Granting of Options
Ormonde Mining plc announces that, on 16 January 2018, the Company granted conditional options ("Options") over 4,875,000 ordinary shares in the capital of the Company ("Ordinary Shares") to certain employees of the Company.
The exercise price for each option is Euro 0.027, being the closing share price of an Ordinary Share on the ESM Market of the Irish Stock Exchange on the day prior to award of the options, being 15 January 2018.
Details of the PDMR option awards are included below:
PDMR | Options granted on 16 January 2018 | Total Options held following grant |
Paul Carroll | 2,000,000 | 5,100,000 |
Fraser Gardiner | 2,000,000 | 2,000,000 |
PDMR Dealings
The notification of dealing forms for each Director can be found below. This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
Enquiries to:
Ormonde Mining plc Tel: +353 (0)1 8014184
Paul Carroll, Chief Financial Officer
Fraser Gardiner, Chief Operating Officer
Capital M Consultants
Simon Rothschild Mob: +44 (0)7703 167065
Murray Consultants
Mark Brennock Tel: +353 (0)1 4980300 Mob: +353 (0)87 2335923
Davy (Nomad, ESM Adviser and Joint Broker)
John Frain Tel: +353 (0)1 679 6363
SP Angel Corporate Finance LLP (Joint Broker)
Ewan Leggat Tel: +44 (0)20 3 470 0470
About Ormonde
Ormonde has a 30% interest in the Barruecopardo Tungsten Mine, located in northwest Spain. Barruecopardo is a fully permitted and fully funded mining project currently being developed through a US$99.7 million funding package agreed with Oaktree Capital Management (70% interest) in 2015. The Barruecopardo Mine is scheduled to commence commissioning in Q3 2018.
For more information, visit www.ormondemining.com.
1 | Details of the person discharging managerial responsibilities/person closely associated
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a) | Name | PAUL CARROLL | ||||
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2 | Reason for the notification
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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 | ORMONDE MINING PLC.
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b) | LEI | 635400EA9DCKKQEWL348
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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 0.01 EURO IN THE SHARE CAPITAL OF ORMONDE MINING PLC
ISIN: IE00BF0MZF04 | ||||
b) | Nature of the transaction | GRANT OF SHARE OPTIONS
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | 2,000,000 €0.027
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e) | Date of the transaction | 16/01/18
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f) | Place of the transaction | DUBLIN
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g) | Additional Information |
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1 | Details of the person discharging managerial responsibilities/person closely associated
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a) | Name | FRASER GARDINER | ||||
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2 | Reason for the notification
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a) | Position/status | CHIEF OPERATING 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 | ORMONDE MINING PLC.
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b) | LEI | 635400EA9DCKKQEWL348
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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 0.01 EURO IN THE SHARE CAPITAL OF ORMONDE MINING PLC
ISIN: IE00BF0MZF04 | ||||
b) | Nature of the transaction | GRANT OF SHARE OPTIONS
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | 2,000,000 €0.027
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e) | Date of the transaction | 16/01/18
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f) | Place of the transaction | DUBLIN
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g) | Additional Information |
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ORM.L (ORM)