Bisichi Mining PLC Director/PDMR Shareholding
08 February 2018 - 1:35AM
UK Regulatory
TIDMBISI
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
GBP0.7350 per share
Garrett Casey 6 February 2018 230,000
GBP0.7350 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 GBP1.
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 Initial Notification
/ Amendment
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 Options over ordinary shares of 10 pence each
financial in the Company
instrument, type of
instrument
Identification code ISIN: GB0001012045
(b) Nature of the Grant of options with an exercise price of
transaction 73.50p under the Bisichi Mining plc 2012
Share option scheme.
(c) Price(s) and volume Name Price(s) Volume(s)
(s)
Andrew 1) 73.50p 150,000
Heller
Garrett 2) 73.50p 230,000
Casey
(d) Aggregated As stated above.
information
- Aggregated volume
- Price
(e) Date of the 6 February 2018
transaction
(f) Place of the Outside a trading venue
transaction
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 Initial Notification
/ Amendment
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 Options over ordinary shares of 10
financial pence each in the Company
instrument, type of
instrument
Identification code ISIN: GB0001012045
(b) Nature of the Surrender of 80,000 options, with an
transaction exercise price of 202.05p issued by Bisichi
Mining plc on 31 August 2010, for an
aggregate consideration of GBP1.
(c) Price(s) and volume Price(s) Volume(s)
(s)
GBP1 80,000
(d) Aggregated
information
80,000
- Aggregated volume GBP1
- Price
(e) Date of the 5 February 2018
transaction
(f) Place of the Outside a trading venue
transaction
Garrett Casey, Company Secretary
Telephone number: 020 7415 5030
7 February 2018
END
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