Grant of Share Options

RNS Number : 4216R

Great Western Mining Corp. plc

04 November 2021

 

4 November 2021

GREAT WESTERN MINING CORPORATION PLC

("Great Western" or the "Company")

Grant of Share Options

Great Western Mining Corporation PLC (AIM: GWMO & ESM: 8GW) announces that it has granted a total of 18 million share options to Non-Executive Directors.  The grant is in accordance with the rules of the Company's Share Option Plan 2014 which was approved by shareholders on 17 July 2014.

The share option awards were approved by the Board on 1 November 2021 (the "Award Date") and the exercise price of the new options will be Sterling 0.123 pence per share, representing the average closing price for the ten preceding days.  The options are for seven years and vest immediately with exercise subject to performance conditions being a minimum 50% uplift in the share price.

Share Options issued to Persons Discharging Managerial Responsibilities ("PDMR"):

Gemma Cryan	6,000,000
Alastair Ford	6,000,000
Andrew Hay	6,000,000

The interests of these PDMR's in the shares of Great Western are:

	Shares	Options pre-grant	Options post-grant
Gemma Cryan	-	-	6,000,000
Alastair Ford	-	-	6,000,000
Andrew Hay	13,700,000	-	6,000,000

Great Western has 3,577,510,005 ordinary shares of €0.0001 in issue. Following this grant, there is a total of 85,666,667 options outstanding, representing approximately 2.39% of the current issued share capital of the Company.

For further information:
Great Western Mining Corporation PLC Brian Hall, Chairman Max Williams, Finance Director	[phone] (via Walbrook PR) [phone] (via Walbrook PR)
Davy (Nomad, Euronext Growth Adviser & Joint Broker) John Frain	[phone]
Novum Securities (Joint Broker) Jon Belliss	[phone]
Walbrook PR Nick Rome	[phone]

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

 [This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	GEMMA CRYAN
	Reason for the notification
a)	Position/status	DIRECTOR
b)	Initial Notification Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	GREAT WESTERN MINING CORPORATION PLC
b)	LEI	635400NZ1RTHSGDVNQ43
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	ORDINARY SHARES OF €0.0001 EACH ISIN: IE00B1FR8863
b)	Nature of the transaction	GRANT OF OPTIONS
c)	Price(s) and volume(s)	Price(s) Volume(s) STG 0.123 PENCE 6,000,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	4 NOVEMBER 2021
f)	Place of the transaction	OFF MARKET
g)	Additional Information

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

 [This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	ALASTAIR FORD
	Reason for the notification
a)	Position/status	DIRECTOR
b)	Initial Notification Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	GREAT WESTERN MINING CORPORATION PLC
b)	LEI	635400NZ1RTHSGDVNQ43
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	ORDINARY SHARES OF €0.0001 EACH ISIN: IE00B1FR8863
b)	Nature of the transaction	GRANT OF OPTIONS
c)	Price(s) and volume(s)	Price(s) Volume(s) STG 0.123 PENCE 6,000,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	4 NOVEMBER 2021
f)	Place of the transaction	OFF MARKET
g)	Additional Information

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

 [This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	ANDREW HAY
	Reason for the notification
a)	Position/status	DIRECTOR
b)	Initial Notification Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	GREAT WESTERN MINING CORPORATION PLC
b)	LEI	635400NZ1RTHSGDVNQ43
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	ORDINARY SHARES OF €0.0001 EACH ISIN: IE00B1FR8863
b)	Nature of the transaction	GRANT OF OPTIONS
c)	Price(s) and volume(s)	Price(s) Volume(s) STG 0.123 PENCE 6,000,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	4 NOVEMBER 2021
f)	Place of the transaction	OFF MARKET
g)	Additional Information

 

END

 

 

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