Alexander Mining PLC Grant of Share Options (0728P)
24 May 2018 - 12:03AM
UK Regulatory
TIDMAXM
RNS Number : 0728P
Alexander Mining PLC
23 May 2018
23 May 2018
Alexander Mining plc
("Alexander" or "the Company")
Grant of Share Options
In the best interests of Alexander and its shareholders, the
Board has a policy of incentivising and retaining its valued
employees, directors and consultants and, to this end, the Company
has a share option plan in place. In order to assess whether the
existing share options are consistent with their purpose of
aligning stakeholders to the success of the business, the Company's
Remuneration Committee (the "Committee") has recently conducted a
review of the existing share options. As a result of this review,
the Committee has recommended that in order to continue to provide
incentivisation and reward for performance, there should be an
additional grant of new share options.
Accordingly the Board has approved the grant of an additional
94,000,000 new share options ("New Share Options") at an exercise
price of 0.15 pence ("Exercise Price") to directors, employees and
consultants.
The Exercise Price of the New Share Options represents a 20 per
cent. premium to the closing mid-market 90 day simple moving
average on 22 May 2018, being the final business day prior to the
Board approval. The New Share Options will vest from the date of
the grant (being 23 May 2018) and will expire on 28 July 2026.
Details of the share options granted to directors of the Company
are as follows:
Director New Share
Options
granted
at 0.15p
Martin Rosser, CEO 24,000,000
Alan Clegg, Non-executive
Director 24,000,000
James Bunyan, Non-executive
Director 20,000,000
As a result of the above grant, the Company has the following
options in place for directors, employees and consultants.
Number of options Exercise price
94,000,000 0.15p per share
43,300,000 0.22p per share
12,900,000 4.92p per share
ENDS
Enquiries
Martin Rosser Alan Clegg
Chief Executive Non-Executive Chairman
Mobile: +44 (0) 7770 865 341 Mobile: +90 543
533 0665
Alexander Mining plc
Tel: +44 (0) 20 7078 9566
Email: mail@alexandermining.com
Website: www.alexandermining.com
Northland Capital Partners
Limited
Matthew Johnson / Dugald J
Carlean (Corporate Finance)
John Howes (Corporate Broking)
Tel: +44 (0) 20 3861 6625
Turner Pope Investments (TPI)
Ltd
Andy Thacker
Tel: +44 (0) 20 3621 4120
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
1 Details of the person discharging managerial responsibilities/person closely associated
--------------------------------------------------------------------------------------------------------
a) Name 1. Martin Rosser
2. Alan Clegg
3. Jim Bunyan
4. John Getty
----------------------------------------------------------- -------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------------------------
a) Position/status 1. Chief Executive
2. Non-Executive Director
3. Non-Executive Director
4. Consultant/Company Secretary
----------------------------------------------------------- -------------------------------------------
b) Initial notification /Amendment Initial Notification
----------------------------------------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--------------------------------------------------------------------------------------------------------
a) Name Alexander Mining plc
----------------------------------------------------------- -------------------------------------------
b) Legal Entity Identifier
2138003SZQSPC16PLX94
----------------------------------------------------------- -------------------------------------------
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 0.1p each
Identification code GB00B06K1665
----------------------------------------------------------- -------------------------------------------
b) Nature of the transaction Grant of Options
----------------------------------------------------------- -------------------------------------------
c) Currency GBP
----------------------------------------------------------- -------------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------------------------------- --------------------- --------------------
Exercise price 0.15p 1. 24,000,000
2. 24,000,000
3. 20,000,000
4. 10,000,000
----------------------------------------------------------- --------------------- --------------------
e) Aggregated information
- Aggregated volume NA
- Price
- Aggregated total
----------------------------------------------------------- -------------------------------------------
f) Date of the transaction 23 May 2018
----------------------------------------------------------- -------------------------------------------
g) Place of the transaction Outside a trading venue
----------------------------------------------------------- -------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
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END
STRFKNDKQBKDKPB
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