REG - Westmount Energy Ld - Exercise of Warrants & Director/PDMR Shareholding

Westmount EnergyAnnouncement

02/05/2018 07:05

2018-05-02T06:00:48.846Zreuters.comtag:reuters.com,2018-05-02:newsml_RSB8187Ma:13TXT
This file is provided for EAP sample purposes only; it's structure and detail are subject to change, and should not be used as a definitive reference for actual development and processing.2018-05-02T06:00:48.846Z2018-05-02T06:00:48.846Z_UCDP:parsn_lse_10.54.132.131_1.2.37102:2019-06-02T06:00:48.846Z3RSB8187MaREG - Westmount Energy Ld  - Exercise of Warrants & Director/PDMR ShareholdingOil & Gas Exploration and Production (NEC) (TRBC level 5)Energy (TRBC level 1)Oil & Gas (TRBC level 3)Oil & Gas Exploration and Production (TRBC level 4)Western EuropeUnited KingdomEuropeSuggested SourcesNews AnnouncementsRegulatory Corporate News AnnouncementsCompany NewsEurope daily earnings hits & missesWestmount Energy Ltd








RNS Number : 8187M
Westmount Energy Limited
02 May 2018
 

WESTMOUNT ENERGY LIMITED
("Westmount" or the "Company")
Exercise of Warrants and Director/PDMR Shareholding
The Company announces that, following an exercise of warrants, at an exercise price of 7.5p, application has been made for 2,092,205 ordinary shares of no par value in the capital of the Company ("New Ordinary Shares") to be admitted to trading on AIM. The New Ordinary Shares will rank pari-passu with existing ordinary shares and it is expected that admission will occur at 8.00 a.m. on or around 8 May 2018.
As part of the above warrant exercise, a total of 1,525,000 warrants have been exercised by certain directors, the details of which are as follows:




Director


Existing Ordinary Shares held


New Ordinary Shares received


Resultant Ordinary Shares held


Percentage of enlarged issued share capital




Gerry Walsh


4,650,000


775,000


5,425,000


12.1%




Dermot Corcoran


4,500,000


750,000


5,250,000


11.7%




 
Following admission of the New Ordinary Shares, the Company's issued ordinary share capital will comprise 44,825,520 ordinary shares, of which none are held in treasury. Therefore, the total number of ordinary shares with voting rights in Westmount following Admission will be 44,825,520, which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
 
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
Harry Hargreaves
 
 




1
 


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Gerry 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


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


Warrants over Nil Par Value Ordinary Shares in the Company














Identification code


ISIN: GB00B0S5KR31














b)


Nature of the transaction


Exercise of warrants




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















7.5p


775,000






























d)


Aggregated information








- Aggregated volume


775,000




- Price


£58,125.00




e)


Date of the transaction


30 April 2018




f)


Place of the transaction


Outside of trading venue




 




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


Warrants over Nil Par Value Ordinary Shares in the Company














Identification code


ISIN: GB00B0S5KR31














b)


Nature of the transaction


Exercise of warrants




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















7.5p


750,000






























d)


Aggregated information








- Aggregated volume


750,000




- Price


£56,250.00




e)


Date of the transaction


1 May 2018




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
 
 
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