Kodal Minerals PLC Grant of Options (4579E)
May 08 2017 - 4:01AM
UK Regulatory
TIDMKOD
RNS Number : 4579E
Kodal Minerals PLC
08 May 2017
Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining
8 May 2017
Kodal Minerals plc ('Kodal Minerals' or 'the Company')
Grant of share options
Kodal Minerals, the mineral exploration and development company
focussed on West Africa, announces that it has granted share
options to directors and certain key personnel in order to
incentivise them and align their interests with shareholders of the
Company. Options over a total of 145 million ordinary shares have
been granted, including 50 million options to each of the executive
directors, Bernard Aylward and Luke Bryan, and 25 million options
to the Chairman, Rob Wooldridge. All the options are exercisable at
a price of 0.38 pence per share, being the same price as the
recently announced second investment by Suay Chin International Pte
Ltd. and have a life of 5 years from vesting. 50 per cent. of the
options will vest immediately, with a further 25 per cent. vesting
in one year and the remaining 25 per cent. vesting in two years'
time.
**ENDS**
For further information, please visit www.kodalminerals.com or
contact the following:
Kodal Minerals plc
Bernard Aylward, CEO Tel: +61 418
943 345
Allenby Capital Limited, AIM Nominated
Adviser Tel: 020 3328
Jeremy Porter/Nick Harriss/Liz 5656
Kirchner
SP Angel Corporate Finance LLP,
Financial Adviser & Broker Tel: 020 3470
John Mackay/Laura Harrison 0470
St Brides Partners Ltd, Financial
PR Tel: 020 7236
Lottie Brocklehurst/Megan Dennison 1177
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 Bernard Aylward
--- ----------------- ---------------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status CEO
--- ----------------- ---------------------------------------
b) Initial Initial notification
notification
/Amendment
--- ----------------- ---------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name Kodal Minerals plc
--- ----------------- ---------------------------------------
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 Options over ordinary shares of
of the 0.03125p
financial
instrument, GB00BH3X7Y70
type of
instrument
Identification
code
--- ----------------- ---------------------------------------
b) Nature Grant of options
of the
transaction
--- ----------------- ---------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------------- -----------
Exercise price
of 0.38p per
share 50,000,000
---------------- -----------
--- ----------------- ---------------------------------------
d) Aggregated
information n/a
- Aggregated
volume
- Price
--- ----------------- ---------------------------------------
e) Date of 8 May 2017
the transaction
--- ----------------- ---------------------------------------
f) Place of London Stock Exchange, AIM Market
the transaction (XLON)
--- ----------------- ---------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name Luke Bryan
--- ----------------- ---------------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status Technical Director
--- ----------------- ---------------------------------------
b) Initial Initial notification
notification
/Amendment
--- ----------------- ---------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name Kodal Minerals plc
--- ----------------- ---------------------------------------
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 Options over ordinary shares of
of the 0.03125p
financial
instrument,
type of GB00BH3X7Y70
instrument
Identification
code
--- ----------------- ---------------------------------------
b) Nature Grant of options
of the
transaction
--- ----------------- ---------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------------- -----------
Exercise price
of 0.38p per
share 50,000,000
---------------- -----------
--- ----------------- ---------------------------------------
d) Aggregated
information n/a
- Aggregated
volume
- Price
--- ----------------- ---------------------------------------
e) Date of 8 May 2017
the transaction
--- ----------------- ---------------------------------------
f) Place of London Stock Exchange, AIM Market
the transaction (XLON)
--- ----------------- ---------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name Robert Wooldridge
--- ----------------- ---------------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status Chairman
--- ----------------- ---------------------------------------
b) Initial Initial notification
notification
/Amendment
--- ----------------- ---------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name Kodal Minerals plc
--- ----------------- ---------------------------------------
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 Options over ordinary shares of
of the 0.03125p
financial
instrument,
type of GB00BH3X7Y70
instrument
Identification
code
--- ----------------- ---------------------------------------
b) Nature Grant of options
of the
transaction
--- ----------------- ---------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------------- -----------
Exercise price
of 0.38p per
share 25,000,000
---------------- -----------
--- ----------------- ---------------------------------------
d) Aggregated
information n/a
- Aggregated
volume
- Price
--- ----------------- ---------------------------------------
e) Date of 8 May 2017
the transaction
--- ----------------- ---------------------------------------
f) Place of London Stock Exchange, AIM Market
the transaction (XLON)
--- ----------------- ---------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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