RNS Number : 8848S
Ormonde Mining PLC
19 November 2021
 

19 November 2021

Ormonde Mining plc

("Ormonde" or "the Company")

 

Grant of Options

 

Ormonde announces that the Directors of the Company have, for the time being, elected to waive their entitlement to directors' fees and to grant share options to certain directors and employees in accordance with the rules of Ormonde's Share Option Plan, which was approved by shareholders on 27 September 2018. The decision on Directors' fees will be reviewed in line with future developments in the Company's strategy.

 

Accordingly, on 18 November 2021, the Company granted share options ("Options") over 9,150,000 ordinary shares in the capital of the Company ("Ordinary Shares") to directors and employees of the Company. The exercise price for each option is Euro 0.011, this being a premium of 10% over the closing share price of an Ordinary Share on the Euronext Growth Market of Euronext Dublin on the day prior to award of the Options, being 17 November 2021. The Options have a 10-year duration and will vest in two equal instalments, on issuance, and on the first anniversary of that date.

 

Ormonde has 472,507,482 ordinary shares of Euro 0.01 in issue. Details of the Director option awards are as follows:

 

DIRECTOR

Options granted on

18 November 2021

Total Options held following grant

Brian Timmons

3,000,000

3,000,000

Brendan McMorrow

2,500,000

2,500,000

Keith O'Donnell

2,500,000

2,500,000

 

PDMR Dealings

The notification of dealing forms for each Director can be found below. This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

Enquiries:

 

Ormonde Mining plc

Brian Timmons - Chairman 

Tel: +353 (0)1 8014184

 

Vigo Consulting

Ben Simons / Charlie Neish

Tel: +44 (0)20 7390 0234

 

Davy (Nomad, Euronext Growth Advisor and Joint Broker)

John Frain / Barry Murphy

Tel: +353 (0)1 679 6363

 

SP Angel Corporate Finance LLP (Joint Broker)

Ewan Leggat

Tel: +44 (0)20 3470 0470

  

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

Brian Timmons

 

 

 

2

Reason for the notification

 

a)

Position/status

Chairman

 

b)

Initial Notification Amendment

INITIAL NOTIFICATION

 

 

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ORMONDE MINING PLC.

 

b)

LEI

635400EA9DCKKQEWL348

 

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

Identification code

OPTIONS OVER ORDINARY SHARES OF 0.01 EURO IN THE SHARE CAPITAL OF ORMONDE MINING PLC

 

ISIN: IE00BF0MZF04

b)

Nature of the transaction  

GRANT OF SHARE OPTIONS

 

 

 

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

€0.011

3,000,000

 

d)

Aggregated information

- Aggregated volume

- Price

3,000,000

€0.011

 

 

 

 

e)

Date of the transaction

18/11/21

 

 

f)

Place of the transaction

DUBLIN

 

 

g)

Additional Information

 

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

Brendan McMorrow

 

 

 

2

Reason for the notification

 

a)

Position/status

Secretary, Director

 

 

b)

Initial Notification Amendment

INITIAL NOTIFICATION

 

 

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ORMONDE MINING PLC.

 

b)

LEI

635400EA9DCKKQEWL348

 

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

Identification code

OPTIONS OVER ORDINARY SHARES OF 0.01 EURO IN THE SHARE CAPITAL OF ORMONDE MINING PLC

 

ISIN: IE00BF0MZF04

b)

Nature of the transaction  

GRANT OF SHARE OPTIONS

 

 

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

€0.011

2,500,000

 

d)

Aggregated information

- Aggregated volume

- Price

2,500,000

€0.011

 

 

 

 

e)

Date of the transaction

18/11/21

 

 

f)

Place of the transaction

DUBLIN

 

 

g)

Additional Information

 

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

Keith O'Donnell

 

 

 

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

ORMONDE MINING PLC.

 

b)

LEI

635400EA9DCKKQEWL348

 

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

Identification code

OPTIONS OVER ORDINARY SHARES OF 0.01 EURO IN THE SHARE CAPITAL OF ORMONDE MINING PLC

 

ISIN: IE00BF0MZF04

b)

Nature of the transaction  

GRANT OF SHARE OPTIONS

 

 

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

€0.011

2,500,000

 

d)

Aggregated information

- Aggregated volume

- Price

2,500,000

€0.011

 

 

 

 

e)

Date of the transaction

18/11/21

 

 

f)

Place of the transaction

DUBLIN

 

 

g)

Additional Information

 

 

 

 

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