Oriole Resources PLC Issue of Share Options (2240T)
March 19 2019 - 2:01AM
UK Regulatory
TIDMORR
RNS Number : 2240T
Oriole Resources PLC
19 March 2019
Oriole Resources PLC
('Oriole Resources' or 'the Company' or 'the Group')
Issue of Share Options
Oriole Resources, the AIM-quoted exploration company operating
in Africa and Europe, announces that the Company's remuneration
committee has today granted options to its Chief Executive Officer,
Tim Livesey, its Chief Financial Officer, Bob Smeeton and members
of the management team.
Further Details
Options over 20,700,000 Ordinary Shares in the Company ('the
Options') have been granted to the Company's Executive Directors,
management team and employees. The Options have an exercise price
of 0.37 pence, being the 30 day VWAP market price on 18 March 2019.
The Options are not subject to performance conditions, will vest
over a three-year period and will expire after ten years. In
aggregate this award of Options is equivalent to 2.95% of the
current issued share capital of the Company.
Following the awards the Company has 46,455,144 options and
13,470,000 warrants in issue, representing 8.5% of the issued
Ordinary Share Capital.
Following the award of these options, the interests in the
Ordinary Share Capital of the Company of the Executive Directors
and other Persons Discharging Managerial Responsibility are as
follows:
New options Total unexercised Shares held
issued options held
following issue
Tim Livesey 6,000,000 12,000,000 4,746,800
------------ ------------------ ------------
Bob Smeeton 6,000,000 8,000,000 2,000,000
------------- ------------ ------------------ ------------
Claire Bay 3,500,000 3,940,000 294,804
------------ ------------------ ------------
Further details on the exercise are included in the notification
below, made in accordance with the requirements of the EU Market
Abuse Regulations.
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
**S **
For further information please visit www.orioleresources.com,
@OrioleResources on Twitter, or contact:
Oriole Resources PLC Tel: +44 (0)20 7830 9650
Bob Smeeton / Tim Livesey / Claire
Bay
Camarco (IR/PR contact) Tel: +44 (0)20 3757 4980
Gordon Poole / Nick Hennis / Emily
Hall
Grant Thornton UK LLP Tel: +44 (0)20 7383 5100
Samantha Harrison / Ben Roberts
/ Niall McDonald
Hannam & Partners Tel: +44 (0)20 7907 8500
Neil Passmore / Andrew Chubb
Turner Pope Investments (TPI) Tel: +44 (0)2036214120
Ltd
Ben Turner / James Pope / Andy
Thacker
Notes to Editors:
Oriole Resources PLC is an AIM-listed exploration company,
operating in Africa and Europe. It is focused on early-stage
exploration in Cameroon and the more advanced Dalafin gold project
in Senegal, where IAMGOLD has the option to spend US$8m to earn a
70% interest. The Company has a number of interests and royalties
in companies operating throughout Africa and Turkey and is
assessing new opportunities in both regions.
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
Tim Livesey
--------------------------------------- -------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------
a) Position/status Chief Executive Office
--------------------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a) Name Oriole Resources PLC
--------------------------------------- -------------------------------------------
b) LEI 213800X32GJR5AGAR511
--------------------------------------- -------------------------------------------
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 Options over ordinary shares of 0.1
financial instrument, pence each in the capital of the
type of instrument Company
Identification code Ordinary share ISIN: GB00B0T29327
b) Nature of the transaction Grant of options over ordinary shares
in the capital of the Company under
the Company's EMI option scheme with
an exercise price of 0.37p each
--------------------------------------- -------------------------------------------
c) Price(s) and volume(s)
------------------- -------------------
Price(s) Volume(s)
------------------- -------------------
0 6,000,000
------------------- -------------------
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 18 March 2019
--------------------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- -------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name
Robert Smeeton
--------------------------------------- -------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a) Name Oriole Resources PLC
--------------------------------------- -------------------------------------------
b) LEI 213800X32GJR5AGAR511
--------------------------------------- -------------------------------------------
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 Options over ordinary shares of 0.1
financial instrument, pence each in the capital of the
type of instrument Company
Identification code Ordinary share ISIN: GB00B0T29327
b) Nature of the transaction Grant of options over ordinary shares
in the capital of the Company under
the Company's EMI option scheme with
an exercise price of 0.37p each
--------------------------------------- -------------------------------------------
c) Price(s) and volume(s)
------------------- -------------------
Price(s) Volume(s)
------------------- -------------------
0 6,000,000
------------------- -------------------
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 18 March 2019
--------------------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- -------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name
Claire Bay
--------------------------------------- ---------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------
a) Position/status Vice President Exploration and Business
Development
--------------------------------------- ---------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a) Name Oriole Resources PLC
--------------------------------------- ---------------------------------------------
b) LEI 213800X32GJR5AGAR511
--------------------------------------- ---------------------------------------------
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 Options over ordinary shares of 0.1
financial instrument, pence each in the capital of the
type of instrument Company
Identification code Ordinary share ISIN: GB00B0T29327
b) Nature of the transaction Grant of options over ordinary shares
in the capital of the Company under
the Company's EMI option scheme with
an exercise price of 0.37p each
--------------------------------------- ---------------------------------------------
c) Price(s) and volume(s)
-------------------- --------------------
Price(s) Volume(s)
-------------------- --------------------
0 3,500,000
-------------------- --------------------
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 18 March 2019
--------------------------------------- ---------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------- ---------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCCKFDKDBKBCND
(END) Dow Jones Newswires
March 19, 2019 03:01 ET (07:01 GMT)
Oriole Resources (LSE:ORR)
Historical Stock Chart
From Apr 2024 to May 2024
Oriole Resources (LSE:ORR)
Historical Stock Chart
From May 2023 to May 2024