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Landore Resources Ld - Award of Options

RNS Number : 0601U
Landore Resources Limited
24 July 2020
 

24 July 2020

 

Landore Resources Limited

("Landore Resources" or the "Company")

(AIM Ticker: LND.L)

Award of Options

Landore Resources Limited (AIM: LND) announces that on 24 July 2020 the Company issued a total of 48,000,000 options over new ordinary shares ("Options") to certain Directors and employees of the Company. The Options have an exercise price of 1.2 pence and can be exercised from 24 January 2021 until 23 July 2025.

Following this award, there are currently 134,250,000 options over Ordinary Shares ("Share Options") outstanding.

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: 07734 681262

 



 

Glenn Featherby, Finance Director

Tel: 07730 420318

 


www.landore.com

 



 

Cenkos Securities plc (Nominated Adviser and Broker)

 

Derrick Lee / Pete Lynch

Tel: 0131 220 9771

 



 

 



 


            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

 

GB00B06VJ325

 

 

 


b)

Nature of the transaction:

Award of Options at a price of 1.2 pence and exercisable from 24 January 2021 until 23 July 2025

 

 


c)

Price(s) and volume(s):

Price

Volume

 


1.2p

20,000,000

 

 


d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

20,000,000

1.2p

 

 


e)

Date of the transaction:

24 July 2020

 

 


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

 

 

GB00B06VJ325

 

 


b)

Nature of the transaction:

Award of Options at a price of 1.2 pence and exercisable from 24 January 2021 until 23 July 2025

 


c)

Price(s) and volume(s):

Price

Volume


1.2p

10,000,000

 


d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

10,000,000

1.2p

 


e)

Date of the transaction:

24 July 2020

 


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

 

GB00B06VJ325

 

 


b)

Nature of the transaction:

Award of Options at a price of 1.2 pence and exercisable from 24 January 2021 until 23 July 2025

 


c)

Price(s) and volume(s):

Price

Volume


1.2p

4,000,000

 


d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

4,000,000

1.2p

 


e)

Date of the transaction:

24 July 2020

 


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

 

GB00B06VJ325

 

 


b)

Nature of the transaction:

Award of Options at a price of 1.2 pence and exercisable from 24 January 2021 until 23 July 2025

 


c)

Price(s) and volume(s):

Price

Volume


1.2p

4,000,000

 


d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

4,000,000

1.2p

 


e)

Date of the transaction:

24 July 2020

 


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

 

GB00B06VJ325

 

 


b)

Nature of the transaction:

Award of Options at a price of 1.2 pence and exercisable from 24 January 2021 until 23 July 2025

 


c)

Price(s) and volume(s):

Price

Volume


1.2p

10,000,000

 


d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

10,000,000

1.2p

 


e)

Date of the transaction:

24 July 2020

 


f)

Place of the transaction:

Outside a trading venue

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Landore Resources Ltd

Price: 26.75

Market: AIM
Market Cap: £24.12 m
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