REG - Westmount Energy Ld - Final Results <Origin Href="QuoteRef">WNRG.L</Origin> - Part 8
25/11/2016 15:15
- Part 8: For the preceding part double click ID:nRSY2182Qg
any,
market
activity
for the
investment
. The
inputs
into the
determinat
ion of
fair value
require
significan
t
management
judgment
or
estimation
.
The
investment
s held by
the
Company
fall
within
Level 1 as
they are
valued by
unadjusted
quoted
prices.
12.
DIRECTORS'
REMUNERATI
ON AND
SHARE
OPTIONS
2016 2015
2016
Directors'
fees
Directors'
fees
Options
outstandin
g £ £ £ D
R King
12,000
14,750 - M
Bradlow
8,000
8,000
550,000 G
Walsh - -
500,000 T
O'Gorman -
- 500,000
P J
Richardson
(resigned
9th
January
2015) -
4,000
50,000
20,000
26,750
1,600,000
At the
year end
the
Company
owed
£3,000
(2015:
£1,000) in
outstandin
g
directors'
fees. No
share
options
were
issued
during the
year ended
30 June
2016
(2015:
nil) and
nil (2015:
nil)
options
were
exercised
during the
year. All
outstandin
g options
are due to
expire 31
December
2016. The
Company
does not
employ any
staff
except for
its Board
of
Directors.
The
Company
does not
contribute
to the
pensions
or any
other long
-term
incentive
schemes on
behalf of
its
Directors.
13.
RELATED
PARTIES
The
preparatio
n of the
financial
statements
of the
Company,
and
Company
Secretary
services
are
undertaken
by
Stonehage
Fleming
Corporate
Services
Limited.
During the
year fees
totalling
£46,792
(2015:
£nil) were
paid to
Stonehage
Fleming
Corporate
Services
Limited of
which
£22,287
(2015:
£nil) was
outstandin
g at the
year end.
Stonehage
Fleming
Corporate
Services
Limited
was
appointed
as Company
Secretary
on 17th
September
2015. The
previous
Company
Secretary
was
Crestbridg
e
Corporate
Services
Limited.
During the
year fees
totalling
£nil
(2015:
£46,471
were paid
to
Crestbridg
e
Corporate
Services
Limited of
which £nil
(2015:
£12,360)
was
outstandin
g at the
year end.
Fees paid
to the
Directors
are
disclosed
in note
12.
14.
CONTROLLIN
G PARTY
In the
opinion of
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