Granting of Options

RNS Number : 1517C

Ormonde Mining PLC

17 January 2018

 

17 January 2018

Ormonde Mining plc

("Ormonde" or "the Company")

Granting of Options

Ormonde Mining plc announces that, on 16 January 2018, the Company granted conditional options ("Options") over 4,875,000 ordinary shares in the capital of the Company ("Ordinary Shares") to certain employees of the Company.

The exercise price for each option is Euro 0.027, being the closing share price of an Ordinary Share on the ESM Market of the Irish Stock Exchange on the day prior to award of the options, being 15 January 2018.

Details of the PDMR option awards are included below:

PDMR	Options granted on  16 January 2018	Total Options held following grant
Paul Carroll	2,000,000	5,100,000
Fraser Gardiner	2,000,000	2,000,000

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 to:

Ormonde Mining plc Tel: [phone]

Paul Carroll, Chief Financial Officer

Fraser Gardiner, Chief Operating Officer

Capital M Consultants

Simon Rothschild Mob: [phone]

Murray Consultants

Mark Brennock Tel: [phone] Mob: [phone]

Davy (Nomad, ESM Adviser and Joint Broker)

John Frain Tel: [phone]

SP Angel Corporate Finance LLP (Joint Broker)

Ewan Leggat Tel: [phone]

About Ormonde

Ormonde has a 30% interest in the Barruecopardo Tungsten Mine, located in northwest Spain.  Barruecopardo is a fully permitted and fully funded mining project currently being developed through a US$99.7 million funding package agreed with Oaktree Capital Management (70% interest) in 2015. The Barruecopardo Mine is scheduled to commence commissioning in Q3 2018.

For more information, visit www.ormondemining.com.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	PAUL CARROLL
2	Reason for the notification
a)	Position/status	CHIEF FINANCIAL OFFICER
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) €0.027 2,000,000
d)	Aggregated information - Aggregated volume - Price	2,000,000 €0.027
e)	Date of the transaction	16/01/18
f)	Place of the transaction	DUBLIN
g)	Additional Information

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	FRASER GARDINER
2	Reason for the notification
a)	Position/status	CHIEF OPERATING OFFICER
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) €0.027 2,000,000
d)	Aggregated information - Aggregated volume - Price	2,000,000 €0.027
e)	Date of the transaction	16/01/18
f)	Place of the transaction	DUBLIN
g)	Additional Information

 

END

 

 

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