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Director/PDMR Shareholding

Date : 11/30/2011 @ 2:01AM
Source : UK Regulatory (RNS & others)
Stock : Westmount Engy. (WTE)
Quote : 17.5  -0.5 (-2.78%) @ 10:53AM
Westmount Energy share price Chart

Director/PDMR Shareholding

TIDMWTE

RNS Number : 0154T

Westmount Energy Limited

30 November 2011

Westmount Energy Limited

("Westmount" or the "Company")

Appointment of Directors

Further to the announcement made on 29 November, the Board of Westmount is pleased to now confirm the appointment of Gerry Walsh and Thomas O'Gorman to the Board. The Company has now applied for admission to trading of 2,200,000 ordinary shares of 20 pence in the Company and it is expected that dealings will commence on 5 December 2011.

Directors' Dealing

The Board of Westmount has resolved to grant options at a strike price of 20 pence, being the average closing price for a period of 30 days prior to the grant, to the following Directors of the Company:

 
 Director and proposed    No of options   Total options 
  director                 granted         holding post grant 
-----------------------  --------------  -------------------- 
 Mervyn Bradlow           400,000         550,000 
-----------------------  --------------  -------------------- 
 Peter Richardson         100,000         150,000 
-----------------------  --------------  -------------------- 
 Thomas O'Gorman          500,000         500,000 
-----------------------  --------------  -------------------- 
 Gerry Walsh              500,000         500,000 
-----------------------  --------------  -------------------- 
 

In addition the Board has resolved to re-price the following options granted to certain directors on 22 September 2009 to a revised strike price of 20 pence from 17 pence in order for the strike price to be at the same level as the nominal share price of an ordinary share in the Company.

 
 Director            No of options 
                      re-priced 
------------------  -------------- 
 Mervyn Bradlow      150,000 
------------------  -------------- 
 Peter Richardson     50,000 
  Paul Anderson         50,000 
------------------  -------------- 
 

Mervyn Bradlow - Westmount Energy Limited Tel: 020 7009 4972

Nicholas Wells / Elizabeth Bowman - Cenkos Securities plc Tel: 020 7397 8924

This information is provided by RNS

The company news service from the London Stock Exchange

END

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