REG - Ormonde Mining PLC - Grant of Options
19/11/2021 07:00
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RNS Number : 8848S Ormonde Mining PLC 19 November 2021
19 November 2021
Ormonde Mining plc
("Ormonde" or "the Company")
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 on Total Options held following grant
18 November 2021
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.
Enquiries:
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 Amendment INITIAL NOTIFICATION
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 of the financial instrument, OPTIONS OVER ORDINARY SHARES OF 0.01 EURO IN THE SHARE CAPITAL OF ORMONDE
MINING PLC
type of
instrument
ISIN: IE00BF0MZF04
Identification code
b) Nature of the transaction GRANT OF SHARE OPTIONS
c) Price(s) and volume(s)
Price(s) Volume(s)
€0.011 3,000,000
d) Aggregated information 3,000,000
- Aggregated volume €0.011
- Price
e) Date of the transaction 18/11/21
f) Place of the transaction DUBLIN
g) Additional Information
d)
Aggregated information
- Aggregated volume
- Price
3,000,000
€0.011
e)
Date of the transaction
18/11/21
f)
Place of the transaction
DUBLIN
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 Amendment INITIAL NOTIFICATION
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 of the financial instrument, OPTIONS OVER ORDINARY SHARES OF 0.01 EURO IN THE SHARE CAPITAL OF ORMONDE
MINING PLC
type of
instrument
ISIN: IE00BF0MZF04
Identification code
b) Nature of the transaction GRANT OF SHARE OPTIONS
c) Price(s) and volume(s)
Price(s) Volume(s)
€0.011 2,500,000
d) Aggregated information 2,500,000
- Aggregated volume €0.011
- Price
e) Date of the transaction 18/11/21
f) Place of the transaction DUBLIN
g) Additional Information
d)
Aggregated information
- Aggregated volume
- Price
2,500,000
€0.011
e)
Date of the transaction
18/11/21
f)
Place of the transaction
DUBLIN
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 Amendment INITIAL NOTIFICATION
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 of the financial instrument, OPTIONS OVER ORDINARY SHARES OF 0.01 EURO IN THE SHARE CAPITAL OF ORMONDE
MINING PLC
type of
instrument
ISIN: IE00BF0MZF04
Identification code
b) Nature of the transaction GRANT OF SHARE OPTIONS
c) Price(s) and volume(s)
Price(s) Volume(s)
€0.011 2,500,000
d) Aggregated information 2,500,000
- Aggregated volume €0.011
- Price
e) Date of the transaction 18/11/21
f) Place of the transaction DUBLIN
g) Additional Information
d)
Aggregated information
- Aggregated volume
- Price
2,500,000
€0.011
e)
Date of the transaction
18/11/21
f)
Place of the transaction
DUBLIN
g)
Additional Information
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