TIDMAAU
RNS Number : 0023A
Ariana Resources PLC
21 December 2017
21 December 2017
AIM: AAU
ISSUE OF EQUITY and OPTIONS
DIRECTORS' DEALINGS
TOTAL VOTING RIGHTS
Ariana Resources plc ("Ariana" or the "Company"), the
exploration and development company operating in Turkey, announces
that on 18 December 2017, the Board of Directors, on the
recommendation of the Remuneration Committee, approved the issue of
shares to the Directors in accordance with the Company's bonus
policy together with the award of options both to Directors and
certain members of staff.
Directors' Bonus Shares
A bonus is being awarded to the Directors in recognition of
their dedication and commitment, over many years, towards achieving
commercial production from the Kiziltepe Mine. This bonus is being
split amongst the four Directors in proportion to their fees, and
is being paid as one third in cash and two thirds in new ordinary
shares ("Bonus Shares") at the issue price of 1.25 pence per share,
such price being fixed by reference to the 30 day VWAP as at the
date of the Remuneration Committee. A total of 8,040,000 Bonus
Shares are being issued representing 0.76% of the Company's
existing issued share capital ("ISC").
Grant of Share Options
64,000,000 new 5 year options (6.08% of the ISC) vesting from 1
January 2018 over three years at 1.55 pence per share - such price
being based on an approximately 25% premium to VWAP after
consideration by the Remuneration Committee are being granted:
44,000,000 options (4.18% of the ISC) to Directors, and 20,000,000
new options (1.90% of the ISC) to other employees ("New
Scheme").
Further to the issue of the Bonus Shares and options under the
New Scheme, Directors' holdings are as follows:
Name Number Number of Total % of issued % of enlarged
of Bonus options granted shareholding share capital share capital
Shares
awarded
-------------- ---------- ----------------- -------------- --------------- ---------------
Kerim
Sener 3,752,000 19,000,000 18,104,252 1.72% 1.71%
-------------- ---------- ----------------- -------------- --------------- ---------------
Michael
de Villiers 2,680,000 17,000,000 36,680,000 3.49% 3.46%
-------------- ---------- ----------------- -------------- --------------- ---------------
William
Payne 804,000 4,000,000 7,894,314 0.75% 0.74%
-------------- ---------- ----------------- -------------- --------------- ---------------
Chris
Sangster 804,000 4,000,000 2.648,292 0.25% 0.25%
-------------- ---------- ----------------- -------------- --------------- ---------------
Application is being made for the 8,040,000 Bonus Shares, which
will rank pari passu with all existing ordinary shares in the
Company, to be admitted to trading on AIM ("Admission"). Admission
is expected on or around 29 December 2017.
Total Voting Rights
At Admission, the Company's issued share capital will consist of
ordinary shares with a nominal value of 0.1 pence each, with voting
rights ("Ordinary Shares"). The Company does not hold any Ordinary
Shares in Treasury. Therefore, the total number of Ordinary Shares
in the Company with voting rights will be 1,059,677,937.
Market Abuse Regulation
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No 596/2014
("MAR").
Contacts:
Ariana Resources plc Tel: +44 (0) 20
7407 3616
Michael de Villiers, Chairman
Kerim Sener, Managing Director
Beaumont Cornish Limited Tel: +44 (0) 20
7628 3396
Roland Cornish / Felicity
Geidt
Beaufort Securities Limited Tel: +44 (0) 20
7382 8300
Jon Belliss
Panmure Gordon (UK) Limited Tel: +44 (0) 20
7886 2500
Adam James / Tom Salvesen
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provides further
detail in respect of (a) the Directors being awarded Bonus Shares
and (b) the Directors being granted options under the New Scheme as
described above
(a)
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------
a) Name Kerim Sener
Michael deVilliers
William Payne
Chris Sangster
--- ------------------------ -----------------------------
2 Reason for notification
--- -------------------------------------------------------
a) Position / status Director
Director
Director
Director
--- ------------------------ -----------------------------
b) Initial notification Initial
/Amendment
--- ------------------------ -----------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------
a) Name Ariana Resources plc
--- ------------------------ -----------------------------
b) LEI 213800LVVY7GZY21LH22
--- ------------------------ -----------------------------
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 Ordinary shares of 0.1 pence
the financial each in Ariana Resources
instrument, type plc
of instrument
Identification ISIN GB00B085SD50
code
--- ------------------------ -----------------------------
Nature of the Award of new ordinary shares
transaction as described above pursuant
to Bonus
--- ------------------------ -----------------------------
c) Price(s) and Price(s) Volumes(s)
volumes(s) ------------ -----------
1.25 pence 3,752,000
------------ -----------
1.25 pence 2,680,000
------------ -----------
1.25 pence 804,000
------------ -----------
1.25 pence 804,000
------------ -----------
--- ------------------------ -----------------------------
d) Aggregated information n/a
--- ------------------------ -----------------------------
e) Date of the transaction 20 December 2017
--- ------------------------ -----------------------------
f) Place of the London Stock Exchange, AIM
transaction (XLON)
--- ------------------------ -----------------------------
(b)
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------
a) Name Kerim Sener
Michael deVilliers
William Payne
Chris Sangster
--- ------------------------ ------------------------------
2 Reason for notification
--- --------------------------------------------------------
a) Position / status Director
Director
Director
Director
--- ------------------------ ------------------------------
b) Initial notification Initial
/Amendment
--- ------------------------ ------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------
a) Name Ariana Resources plc
--- ------------------------ ------------------------------
b) LEI 213800LVVY7GZY21LH22
--- ------------------------ ------------------------------
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 Options over Ordinary shares
the financial of 0.1 pence each in Ariana
instrument, type Resources plc
of instrument
Identification ISIN GB00B085SD50
code
--- ------------------------ ------------------------------
Nature of the Grant of options as described
transaction above under the New Scheme
--- ------------------------ ------------------------------
c) Price(s) and Price(s) Volumes(s)
volumes(s) ------------ -----------
1.55 pence 19,000,000
------------ -----------
1.55 pence 17,000,000
------------ -----------
1.55 pence 4,000,000
------------ -----------
1.55 pence 4,000,000
------------ -----------
--- ------------------------ ------------------------------
d) Aggregated information n/a
--- ------------------------ ------------------------------
e) Date of the transaction 20 December 2017
--- ------------------------ ------------------------------
f) Place of the London Stock Exchange, AIM
transaction (XLON)
--- ------------------------ ------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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