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

Westmount EnergyAnnouncement

04/01/2018 15:30

RNS Number : 0190B
Westmount Energy Limited
04 January 2018
4 January 2018
Westmount Energy Limited
("Westmount" or the "Company")
Grant of Options
Westmount Energy Limited (AIM: WTE), the energy investment company, is pleased to announce the grant of options over nil par value ordinary shares in the Company ("Share Options") to the following member of the Westmount Board:
Director
No. of Share Options granted
Exercise Price
Expiration Date
Dermot Corcoran
500,000
7.5 pence per share
31 December 2019
Subject to Mr Corcoran's continued directorship, the Share Options may, at any time before expiry, be exercised in whole or in multiples of not less than 5,000 nil par value ordinary shares in the Company ("Ordinary Shares"). However, no Ordinary Share issued as a result of any such exercise shall normally be sold before 31 December 2018 (except if certain conditions are met, including a takeover or change of control of the Company).
Following the above grants, Mr Corcoran has a beneficial interest in 4,500,000 Ordinary Shares, representing approximately 11.0 per cent of the Company's issued share capital, and 500,000 Share Options.
For further information, please contact:
Westmount Energy Limited www.westmountenergy.com
David King, Director Tel: +44 (0) 1534 823133
Jane Vlahopoulou
Cenkos Securities plc (Nomad and Broker)
Nicholas Wells Tel: +44 (0) 20 7397 8900
Elizabeth Bowman
ANNEX
Template for notification and publication 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 
Dermot Corcoran
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 
213800GJISWVBB5S3L84
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


Identification code
ISIN: GB00B0S5KR31

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

Price(s)
Volume(s)

-
500,000

d) 
Aggregated information 
N/A


- Aggregated volume



- Price



e) 
Date of the transaction 
4 January 2018
f) 
Place of the transaction 
Outside trading venue

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