7 February
2018
London,
FOR IMMEDIATE RELEASE
Bisichi Mining plc
(“Bisichi” or the “Company”)
Director/PDMR
Shareholding
Bisichi Mining plc announces the grant of options over ordinary
shares in the Company of 10 pence
(the “Options”) to the following directors of the Company, under
the Company’s Unapproved Executive Share Option Scheme 2012 (“the
Scheme”), as set out below:
Name of director Date of
grant Number of Options
Exercise price
Andrew Heller
6 February 2018
150,000
£0.7350 per share
Garrett Casey
6 February
2018 230,000
£0.7350 per share
The above Options are subject to the terms and conditions set
out in the rules of the Scheme, and subject to the memorandum and
articles of association of the Company. These Options are
exercisable at any time during the next 10 years from the date of
grant stated above. No consideration has been paid for the granting
of these Options.
In addition, the Company announces that on the 5 February 2018 it entered into an agreement with
Garrett Casey, a Director of
Bisichi, to surrender 80,000 Options which were granted on
31 August 2010. The exercise price of
the Options surrendered was 202.05p. The aggregate consideration
paid by the Company to effect the cancellation was £1.
The notifications below, made in
accordance with the requirements of the EU Market Abuse Regulation,
provides further details of the above transactions:
|
1. |
Details of the person
discharging managerial responsibilities/person closely
associated |
|
(a) |
Name |
1) Andrew
Heller
2) Garrett
Casey |
|
2. |
Reason for the
notification |
|
(a) |
Position/status |
1) Managing
Director, Bisichi Mining plc (PDMR)
2) Finance
Director, Bisichi Mining plc (PDMR) |
|
(b) |
Initial notification/ Amendment |
Initial Notification |
|
3. |
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor |
|
(a) |
Name |
Bisichi Mining plc |
|
(b) |
LEI |
213800RRWN6ZBPW2ZV03 |
|
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 |
Options over ordinary
shares of 10 pence each in the Company |
|
Identification code |
ISIN: GB0001012045 |
|
(b) |
Nature of the transaction |
Grant of options with an exercise
price of 73.50p under the Bisichi Mining plc 2012 Share option
scheme. |
|
(c) |
Price(s) and volume
(s)
|
| Name |
Price(s) |
Volume(s) |
| Andrew Heller |
1) 73.50p |
150,000 |
| Garrett Casey |
2) 73.50p |
230,000 |
|
| (d) |
Aggregated
information
- Aggregated volume
- Price |
As stated above. |
| (e) |
Date of the transaction |
6 February 2018 |
| (f) |
Place of the transaction |
Outside a trading venue |
|
1. |
Details of the person
discharging managerial responsibilities/person closely
associated |
|
(a) |
Name |
Garrett Casey |
|
2. |
Reason for the
notification |
|
(a) |
Position/status |
Finance Director, Bisichi Mining plc
(PDMR) |
|
(b) |
Initial notification/ Amendment |
Initial Notification |
|
3. |
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor |
|
(a) |
Name |
Bisichi Mining plc |
|
(b) |
LEI |
213800RRWN6ZBPW2ZV03 |
|
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 |
Options over ordinary
shares of 10 pence each in the Company |
|
Identification code |
ISIN: GB0001012045 |
|
(b) |
Nature of the transaction |
Surrender of 80,000 options, with an
exercise price of 202.05p issued by Bisichi Mining plc on 31 August
2010, for an aggregate consideration of £1. |
|
(c) |
Price(s) and volume
(s)
|
| Price(s) |
Volume(s) |
| £1 |
80,000 |
|
| (d) |
Aggregated
information
- Aggregated volume
- Price |
80,000
£1 |
| (e) |
Date of the transaction |
5 February 2018 |
| (f) |
Place of the transaction |
Outside a trading venue |
Garrett Casey, Company
Secretary
Telephone number: 020 7415 5030
7 February 2018