Award of Options

RNS Number : 5089T

Landore Resources Limited

22 July 2022

Landore Resources Limited

("Landore Resources" or the "Company")

Award of Options

Landore Resources Limited (AIM: LND) announces that on 22 July 2022 the Company issued a total of 1,150,000 options over new ordinary shares (the "Options") to certain Directors and employees of the Company, equating to 1% of the current issued share capital. The Options have an exercise price of 25 pence, being a 38% premium to the closing market price on 21 July 2022 and can be exercised for a period of five years from the date of grant.

Further details of the Options granted to Directors and PDMRs are set out below.

For more information, please contact:

Landore Resources Limited
Bill Humphries, Chief Executive Officer		Tel: 07734 681262

Glenn Featherby, Finance Director		Tel: 07730 420318
		www.landore.com

Cenkos Securities plc (Nominated Adviser and Broker)
Derrick Lee / Pete Lynch		Tel: 0131 220 9771


1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:		William Humphries
2.	Reason for the notification
a)	Position/status:		Chief Executive Officer
b)	Initial notification/Amendment:		Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:		Landore Resources Limited
b)	LEI:		21380019CJ5T1PNY3Q69
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 no par value in Landore Resources Limited GG00BMX4VR69
b)	Nature of the transaction:		Award of Options exercisable at a price of 25 pence for a period of five years from the date of grant
c)	Price(s) and volume(s):		Price	Volume
			25p	500,000
d)	Aggregated information: Aggregated volume: Price:		Single transaction as in 4 c) above 500,000 25p
e)	Date of the transaction:		22 July 2022
f)	Place of the transaction:		Outside a trading venue


1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Glenn Featherby
2.	Reason for the notification
a)	Position/status:	Finance Director
b)	Initial notification/Amendment:	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Landore Resources Limited
b)	LEI:	21380019CJ5T1PNY3Q69
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 no par value in Landore Resources Limited GG00BMX4VR69
b)	Nature of the transaction:	Award of Options exercisable at a price of 25 pence for a period of five years from the date of grant
c)	Price(s) and volume(s):	Price	Volume
		25p	250,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above 250,000 25p
e)	Date of the transaction:	22 July 2022
f)	Place of the transaction:	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Charles Wilkinson
2.	Reason for the notification
a)	Position/status:	Non-executive Chairman
b)	Initial notification/Amendment:	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Landore Resources Limited
b)	LEI:	21380019CJ5T1PNY3Q69
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 no par value in Landore Resources Limited GG00BMX4VR69
b)	Nature of the transaction:	Award of Options exercisable at a price of 25 pence for a period of five years from the date of grant
c)	Price(s) and volume(s):	Price	Volume
		25p	50,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above 50,000 25p
e)	Date of the transaction:	22 July 2022
f)	Place of the transaction:	Outside a trading venue


1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Helen Green
2.	Reason for the notification
a)	Position/status:	Non-executive Director
b)	Initial notification/Amendment:	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Landore Resources Limited
b)	LEI:	21380019CJ5T1PNY3Q69
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 no par value in Landore Resources Limited GG00BMX4VR69
b)	Nature of the transaction:	Award of Options exercisable at a price of 25 pence for a period of five years from the date of grant
c)	Price(s) and volume(s):	Price	Volume
		25p	50,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above 50,000 25p
e)	Date of the transaction:	22 July 2022
f)	Place of the transaction:	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Huw Salter
2.	Reason for the notification
a)	Position/status:	Non-Executive Director
b)	Initial notification/Amendment:	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Landore Resources Limited
b)	LEI:	21380019CJ5T1PNY3Q69
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 no par value in Landore Resources Limited GG00BMX4VR69
b)	Nature of the transaction:	Award of Options exercisable at a price of 25 pence for a period of five years from the date of grant
c)	Price(s) and volume(s):	Price	Volume
		25p	50,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above 50,000 25p
e)	Date of the transaction:	22 July 2022
f)	Place of the transaction:	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Michele Tuomi
2.	Reason for the notification
a)	Position/status:	Exploration Manager
b)	Initial notification/Amendment:	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Landore Resources Limited
b)	LEI:	21380019CJ5T1PNY3Q69
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 no par value in Landore Resources Limited GG00BMX4VR69
b)	Nature of the transaction:	Award of Options exercisable at a price of 25 pence for a period of five years from the date of grant
c)	Price(s) and volume(s):	Price	Volume
		25p	250,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above 250,000 25p
e)	Date of the transaction:	22 July 2022
f)	Place of the transaction:	Outside a trading venue

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END

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TIDM	LND
Share Price	2.30p-6.67%
Market Cap	£7.73m

Date	22 Jul 2022
Time	16:46:17
Category	Director/PDMR dealings
ID	5089T

TIDM	LND
Share Price	2.30p-6.67%
Market Cap	£7.73m

Date	22 Jul 2022
Time	16:46:17
Category	Director/PDMR dealings
ID	5089T

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Award of Options