Director/PDMR Shareholding

RNS Number : 3426V

Westmount Energy Limited

05 April 2019

 

5 April 2019

Westmount Energy Limited

("Westmount" or the "Company")

Grant of Options

Westmount Energy Limited (AIM:  WTE), the energy investment company, is pleased to announce the grant of options over nil par value ordinary shares in the Company ("Share Options") to the following directors:

Director	No. of Share Options granted	Exercise Price	Expiration Date
Gerard Walsh Dermot Corcoran Tom O'Gorman David King	500,000 500,000 250,000 250,000	14.00 pence per share 14.00 pence per share 14.00 pence per share 14.00 pence per share	31 March 2024 31 March 2024 31 March 2024 31 March 2024

The Share Options may, at any time before expiry, be exercised in whole or in multiples of not less than 5,000 nil par value ordinary shares in the Company ("Ordinary Shares"). Ordinary Shares issued as a result of any such exercise may be sold (subject to applicable laws and AIM Rules) at any time including, but not limited to, a takeover or change of control of the Company.

Following the above grants, the Directors have beneficial interests in Ordinary Shares and Share Options as noted below:

Director		No. of Ordinary Shares		Approx. % of Share Capital	No. of Share Options
Gerard Walsh Dermot Corcoran Tom O'Gorman David King		8,675,000 5,250,000 4,650,000 -		13.39 8.11 7.18 -	1,000,000 1,000,000 750,000 500,000

In addition to the above, Mr Walsh holds £500,000 principal of 10% p.a. convertible unsecured loan notes 2021 in the Company.

For further information, please contact:

Westmount Energy Limited                                        www.westmountenergy.com

David King, Director                                                       Tel: [phone]

Jane Vlahopoulou                                                          

Cenkos Securities plc (Nomad and Broker)

Nicholas Wells                                                                  Tel: [phone]

Harry Hargreaves

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gerard Walsh
2	Reason for the notification
a)	Position/status	Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Westmount Energy Limited
b)	LEI	213800GJISWVBB5S3L84
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	Options over ordinary shares of no par value
	Identification code	ISIN: GB00B0S5KR31
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			-	500,000
d)	Aggregated information
	- Aggregated volume	500,000
	- Price	-
e)	Date of the transaction	5 April 2019
f)	Place of the transaction	Outside of trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dermot Corcoran
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	Westmount Energy Limited
b)	LEI	213800GJISWVBB5S3L84
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	Options over ordinary shares of no par value
	Identification code	ISIN: GB00B0S5KR31
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			-	500,000
d)	Aggregated information
	- Aggregated volume	500,000
	- Price	-
e)	Date of the transaction	5 April 2019
f)	Place of the transaction	Outside of trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tom O'Gorman
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	Westmount Energy Limited
b)	LEI	213800GJISWVBB5S3L84
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	Options over ordinary shares of no par value
	Identification code	ISIN: GB00B0S5KR31
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			-	250,000
d)	Aggregated information
	- Aggregated volume	250,000
	- Price	-
e)	Date of the transaction	5 April 2019
f)	Place of the transaction	Outside of trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David King
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	Westmount Energy Limited
b)	LEI	213800GJISWVBB5S3L84
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	Options over ordinary shares of no par value
	Identification code	ISIN: GB00B0S5KR31
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			-	250,000
d)	Aggregated information
	- Aggregated volume	250,000
	- Price	-
e)	Date of the transaction	5 April 2019
f)	Place of the transaction	Outside of trading venue

 

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