Bellzone Mining PLC Share Awards (0642D)
January 26 2018 - 5:12AM
UK Regulatory
TIDMBZM
RNS Number : 0642D
Bellzone Mining PLC
26 January 2018
26 January 2018
Bellzone Mining plc
Share Awards
Bellzone Mining plc ("Bellzone" or the "Company") (AIM: BZM)
announces that share awards were made on 23 January 2018 from
existing issued shares held by the Company in Treasury. The
Company's Remuneration Committee in its annual review decided the
share awards to be the most appropriate means to recognise the
dedication and performance of senior managers throughout a
difficult period, given the cancellation of previous employee stock
option schemes, as well as to better align employee incentives and
shareholder interests.
Bellzone presently holds 32,657,970 fully paid Ordinary Shares
of no par value ("Ordinary Shares") in Treasury. On 23 January
2018, Bellzone granted share awards to certain employees over
17,289,600 of these Ordinary Shares, the awards being assessed by
the Remuneration Committee at a nominal price of 1.25p per share
and zero cost to the recipients.
These awards have been accepted by the employees and are
therefore subject only to the recipients remaining employed by the
Company. The awards will vest in two equal tranches on 23 April
2018 and 23 July 2018.
Included in the employees, the below PDMRs (Persons Discharging
Managerial Responsibilities) received awards:
Name Title Number of Total number
Ordinary of Ordinary
Shares granted Shares held
after vesting
--------------- ------------------- ---------------- ---------------
Julian
Cheong CEO and CFO 8,401,320 8,401,320
--------------- ------------------- ---------------- ---------------
Head of Corporate
Simon Edwards Development 3,927,000 4,376,499
--------------- ------------------- ---------------- ---------------
The 17,289,600 Ordinary Shares being awarded from Treasury
represent 1.08 per cent. of the total issued share capital of the
Company which will be unchanged at 1,597,858,383 Ordinary
Shares.
The current total voting rights in the Company ("TVR"), also
unchanged by this announcement, are 1,565,200,413 and this figure
may be used by shareholders as the denominator for the calculations
by which they determine if they are required to notify their
interest in, or a change in their interest in, the Company under
the Disclosure and Transparency Rules of the UK Financial Conduct
Authority. The TVR will increase in April and July 2018 when awards
vest and the resulting TVR will be announced with each vesting.
Enquiries:
Bellzone Mining plc
Simon Edwards +44 (0) 7767 492 712
simon.edwards@bellzone.com
WH Ireland Limited
Nominated Advisor & Joint
Broker
James Joyce / Jessica
Cave +44 (0) 20 7220 1666
SVS Securities plc
Joint Broker
Tom Curran +44 (0) 20 3700 0100
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
DIRECTOR/PDMR SHAREHOLDING
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------
a) Name Julian Cheong
--- ------------------------------------------------------------- --------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------
a) Position/status CEO and CFO
--- ------------------------------------------------------------- --------------------------------
b) Initial notification/ Amendment Initial Notification
--- ------------------------------------------------------------- --------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------
a) Name Bellzone Mining plc
--- ------------------------------------------------------------- --------------------------------
b) LEI 213800X7MWNMIC3IUM94
--- ------------------------------------------------------------- --------------------------------
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 Ordinary Shares of no par value
Identification code JE00B3N0SJ29
--- ------------------------------------------------------------- --------------------------------
b) Nature of the transaction Grant of share awards
--- ------------------------------------------------------------- --------------------------------
c) Price(s) and volume(s) Price Volume
------ ----------
1.25p 8,401,320
------ ----------
--- ------------------------------------------------------------- --------------------------------
d) Aggregated information
* Aggregated volume N/A - single transaction
* Price
--- ------------------------------------------------------------- --------------------------------
e) Date of the transaction 24 January 2018
--- ------------------------------------------------------------- --------------------------------
f) Place of the transaction London
--- ------------------------------------------------------------- --------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------
a) Name Simon Edwards
--- ------------------------------------------------------------- --------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------
a) Position/status Head of Corporate Development
--- ------------------------------------------------------------- --------------------------------
b) Initial notification/ Amendment Initial Notification
--- ------------------------------------------------------------- --------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------
a) Name Bellzone Mining plc
--- ------------------------------------------------------------- --------------------------------
b) LEI 213800X7MWNMIC3IUM94
--- ------------------------------------------------------------- --------------------------------
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 Ordinary Shares of no par value
Identification code JE00B3N0SJ29
--- ------------------------------------------------------------- --------------------------------
b) Nature of the transaction Grant of share awards
--- ------------------------------------------------------------- --------------------------------
c) Price(s) and volume(s) Price Volume
------ ----------
1.25p 3,927,000
------ ----------
--- ------------------------------------------------------------- --------------------------------
d) Aggregated information N/A - single transaction
* Aggregated volume
* Price
--- ------------------------------------------------------------- --------------------------------
e) Date of the transaction 24 January 2018
--- ------------------------------------------------------------- --------------------------------
f) Place of the transaction London
--- ------------------------------------------------------------- --------------------------------
The company news service from the London Stock Exchange
END
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