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On 18 November 2021, Ormonde Mining plc granted 9,150,000 share options to certain directors and employees. The options have an exercise price of Euro 0.011, with specific grants including 3,000,000 options for Brian Timmons, 2,500,000 for Brendan McMorrow, and 2,500,000 for Keith O'Donnell. Concurrently, the Directors elected to waive their entitlement to directors' fees for the time being.
| Date | 19 Nov 2021 |
| Time | 07:00:04 |
| Category | Director/PDMR dealings |
| ID | 8848S |
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
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1 |
Details of the person discharging managerial responsibilities/person closely associated
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a) |
Name |
Brian Timmons |
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2 |
Reason for the notification
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a) |
Position/status |
Chairman
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b) |
Initial Notification Amendment |
INITIAL NOTIFICATION
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
ORMONDE MINING PLC.
|
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b) |
LEI |
635400EA9DCKKQEWL348
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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 |
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|
b) |
Nature of the transaction |
GRANT OF SHARE OPTIONS
|
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
3,000,000 €0.011
|
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e) |
Date of the transaction |
18/11/21
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f) |
Place of the transaction |
DUBLIN
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g) |
Additional Information |
|
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|
1 |
Details of the person discharging managerial responsibilities/person closely associated
|
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|
a) |
Name |
Brendan McMorrow |
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|
|
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2 |
Reason for the notification
|
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|
a) |
Position/status |
Secretary, Director
|
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|
b) |
Initial Notification Amendment |
INITIAL NOTIFICATION
|
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|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
ORMONDE MINING PLC.
|
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|
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) |
|
||||
|
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
|
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|
g) |
Additional Information |
|
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|
1 |
Details of the person discharging managerial responsibilities/person closely associated
|
|||||
|
a) |
Name |
Keith O'Donnell |
||||
|
|
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|
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) |
|
||||
|
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
|
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|
g) |
Additional Information |
|
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