Ormonde Mining PLC Grant of Options (8848S)
19 November 2021 - 6:00PM
UK Regulatory
TIDMORM
RNS Number : 8848S
Ormonde Mining PLC
19 November 2021
19 November 2021
Ormonde Mi n i ng p lc
("Or m onde" or "the C o m pany ")
Grant of Options
Ormonde announces that the Directors of the Company have, for
the time being, elected to waive their entitlement to directors'
fees and to grant share options to certain directors and employees
in accordance with the rules of Ormonde's Share Option Plan, which
was approved by shareholders on 27 September 2018. The decision on
Directors' fees will be reviewed in line with future developments
in the Company's strategy.
Accordingly, on 18 November 2021, the Company granted share
options ("Options") over 9,150,000 ordinary shares in the capital
of the Company ("Ordinary Shares") to directors and employees of
the Company. The exercise price for each option is Euro 0.011, this
being a premium of 10% over the closing share price of an Ordinary
Share on the Euronext Growth Market of Euronext Dublin on the day
prior to award of the Options, being 17 November 2021. The Options
have a 10-year duration and will vest in two equal instalments, on
issuance, and on the first anniversary of that date.
Ormonde has 472,507,482 ordinary shares of Euro 0.01 in issue.
Details of the Director option awards are as follows:
DIRECTOR Options granted Total Options
on held following
18 November 2021 grant
Brian Timmons 3,000,000 3,000,000
------------------ ----------------
Brendan McMorrow 2,500,000 2,500,000
------------------ ----------------
Keith O'Donnell 2,500,000 2,500,000
------------------ ----------------
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.
Enqu iries:
Ormonde Mining plc
Brian Timmons - Chairman
Tel: +353 (0)1 8014184
Vigo Consulting
Ben Simons / Charlie Neish
Tel: +44 (0)20 7390 0234
Davy (Nomad, Euronext Growth Advisor and Joint Broker)
John Frain / Barry Murphy
Tel: +353 (0)1 679 6363
SP Angel Corporate Finance LLP (Joint Broker)
Ewan Leggat
Tel: +44 (0)20 3470 0470
1 Details of the person discharging managerial responsibilities/person
closely associated
==== ========================================================================
a) Name Brian Timmons
======================= ===============================================
2 Reason for the notification
========================================================================
a) Position/status Chairman
======================= ===============================================
b) Initial Notification INITIAL NOTIFICATION
Amendment
======================= ===============================================
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
========================================================================
a) Name ORMONDE MINING PLC.
======================= ===============================================
b) LEI 635400EA9DCKKQEWL348
======================= ===============================================
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 OPTIONS OVER ORDINARY SHARES OF 0.01 EURO IN
of the financial THE SHARE CAPITAL OF ORMONDE MINING PLC
instrument,
type of ISIN: IE00BF0MZF04
instrument
Identification
code
======================= ===============================================
b) Nature of GRANT OF SHARE OPTIONS
the transaction
======================= ===============================================
c) Price(s) and Price(s) Volume(s)
volume(s) EUR0.011 3,000,000
==========
======================= ===============================================
Aggregated
information
- Aggregated
volume 3,000,000
d) - Price EUR0.011
======================= ===============================================
e) Date of the 18/11/21
transaction
======================= ===============================================
f) Place of the DUBLIN
transaction
======================= ===============================================
g) Additional
Information
======================= ===============================================
1 Details of the person discharging managerial responsibilities/person
closely associated
==== ========================================================================
a) Name Brendan McMorrow
======================= ===============================================
2 Reason for the notification
========================================================================
a) Position/status Secretary, Director
======================= ===============================================
b) Initial Notification INITIAL NOTIFICATION
Amendment
======================= ===============================================
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
========================================================================
a) Name ORMONDE MINING PLC.
======================= ===============================================
b) LEI 635400EA9DCKKQEWL348
======================= ===============================================
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 OPTIONS OVER ORDINARY SHARES OF 0.01 EURO IN
of the financial THE SHARE CAPITAL OF ORMONDE MINING PLC
instrument,
type of ISIN: IE00BF0MZF04
instrument
Identification
code
======================= ===============================================
b) Nature of GRANT OF SHARE OPTIONS
the transaction
======================= ===============================================
c) Price(s) and Price(s) Volume(s)
volume(s) EUR0.011 2,500,000
==========
======================= ===============================================
Aggregated
information
- Aggregated
volume 2,500,000
d) - Price EUR0.011
======================= ===============================================
e) Date of the 18/11/21
transaction
======================= ===============================================
f) Place of the DUBLIN
transaction
======================= ===============================================
g) Additional
Information
======================= ===============================================
1 Details of the person discharging managerial responsibilities/person
closely associated
==== ========================================================================
a) Name Keith O'Donnell
======================= ===============================================
2 Reason for the notification
========================================================================
a) Position/status Director
======================= ===============================================
b) Initial Notification INITIAL NOTIFICATION
Amendment
======================= ===============================================
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
========================================================================
a) Name ORMONDE MINING PLC.
======================= ===============================================
b) LEI 635400EA9DCKKQEWL348
======================= ===============================================
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 OPTIONS OVER ORDINARY SHARES OF 0.01 EURO IN
of the financial THE SHARE CAPITAL OF ORMONDE MINING PLC
instrument,
type of ISIN: IE00BF0MZF04
instrument
Identification
code
======================= ===============================================
b) Nature of GRANT OF SHARE OPTIONS
the transaction
======================= ===============================================
c) Price(s) and Price(s) Volume(s)
volume(s) EUR0.011 2,500,000
==========
======================= ===============================================
Aggregated
information
- Aggregated
volume 2,500,000
d) - Price EUR0.011
======================= ===============================================
e) Date of the 18/11/21
transaction
======================= ===============================================
f) Place of the DUBLIN
transaction
======================= ===============================================
g) Additional
Information
======================= ===============================================
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END
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