REG - Westmount Energy Ld - Grant of options <Origin Href="QuoteRef">WNRG.L</Origin>

Westmount EnergyAnnouncement

03/01/2017 12:55

RNS Number : 2120T
Westmount Energy Limited
03 January 2017
3 January 2017
Westmount Energy Limited
("Westmount" or the "Company")
Grant of options
Further to the expiry on 31 December 2016 of all outstanding options over Westmount's ordinary shares, the Company is pleased to announce the grant of options over Nil Par Value Ordinary Shares in the Company to the following members of the Westmount Board:
Grantee
No. of ordinary share options granted
Exercise Price
Expiration Date
Mervyn Bradlow
500,000
7.5 pence per share
31 December 2019
Gerard Walsh
500,000
7.5 pence per share
31 December 2019
Thomas O'Gorman
500,000
7.5 pence per share
31 December 2019
David King
250,000
7.5 pence per share
31 December 2019
Subject to the continued employment of the Grantee, the Share Options may, at any time before their expiry, be exercised in whole or in multiples of not less than 5,000 Nil Par Value Ordinary Shares in the Company. However, no Ordinary share issued as a result of any such exercise shall normally be sold before 31 December 2017 (except if certain conditions are met, including a takeover or change of control of the Company).
For further information, please contact:
Westmount Energy Limited
www.westmountenergy.com
David King, Director
Tel: +44 (0)1534 823028






Cenkos Securities plcNomad and Broker
Tel: +44 (0)20 7397 8900
Nicholas Wells / Elizabeth Bowman (Corporate Finance)

ANNEX
Template for 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 
Mervyn Bradlow
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 
Westmount Energy Limited
b) 
LEI 
N/A
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 Nil Par Value Ordinary Shares in the Company


Identification code
ISIN: GB00B0S5KR31

b) 
Nature of the transaction 
Grant of options
c) 
Price(s) and volume(s) 

Price(s)
Volume(s)

NIL
500,000

d) 
Aggregated information 
N/A


- Aggregated volume



- Price



e) 
Date of the transaction 
3 January 2017
f) 
Place of the transaction 
Outside of trading venue
1 
Details of the person discharging managerial responsibilities / person closely associated 
a) 
Name 
Gerard Walsh
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 
Westmount Energy Limited
b) 
LEI 
N/A
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 Nil Par Value Ordinary Shares in the Company


Identification code
ISIN: GB00B0S5KR31

b) 
Nature of the transaction 
Grant of options
c) 
Price(s) and volume(s) 

Price(s)
Volume(s)

NIL
500,000

d) 
Aggregated information 
N/A


- Aggregated volume



- Price



e) 
Date of the transaction 
3 January 2017
f) 
Place of the transaction 
Outside of trading venue
1 
Details of the person discharging managerial responsibilities / person closely associated 
a) 
Name 
Thomas O'Gorman
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 
Westmount Energy Limited
b) 
LEI 
N/A
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 Nil Par Value Ordinary Shares in the Company


Identification code
ISIN: GB00B0S5KR31

b) 
Nature of the transaction 
Grant of options
c) 
Price(s) and volume(s) 

Price(s)
Volume(s)

NIL
500,000

d) 
Aggregated information 
N/A


- Aggregated volume



- Price



e) 
Date of the transaction 
3 January 2017
f) 
Place of the transaction 
Outside of trading venue
1 
Details of the person discharging managerial responsibilities / person closely associated 
a) 
Name 
David King
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 
Westmount Energy Limited
b) 
LEI 
N/A
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 Nil Par Value Ordinary Shares in the Company


Identification code
ISIN: GB00B0S5KR31

b) 
Nature of the transaction 
Grant of options
c) 
Price(s) and volume(s) 

Price(s)
Volume(s)

NIL
250,000

d) 
Aggregated information 
N/A


- Aggregated volume



- Price



e) 
Date of the transaction 
3 January 2017
f) 
Place of the transaction 
Outside of trading venue

This information is provided by RNS
The company news service from the London Stock Exchange
  END
DSHLXLFBDFFZBBV