Award of Options

RNS Number : 5089T

Landore Resources Limited

22 July 2022

 

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: [phone]
	Glenn Featherby, Finance Director		Tel: [phone]
			www.landore.com
	Cenkos Securities plc (Nominated Adviser and Broker)
	Derrick Lee / Pete Lynch		Tel: [phone]
	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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