Aura Energy Limited - Director/PDMR Shareholding

Date : 12/07/2017 @ 5:24AM
Source : PR Newswire (US)
Stock : Aura Egy (AURA)
Quote : 1.5  0.0 (0.00%) @ 3:00AM
Aura Egy share price Chart

Aura Energy Limited - Director/PDMR Shareholding

Aura Egy (LSE:AURA)
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1 Month : From Nov 2017 to Dec 2017

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AURA ENERGY LIMITED
(“Aura” or the “Company”)

Director’s Dealing

Director’s Deaings

Aura wishes to inform the market that at the Annual General Meeting of Shareholders on 30 November 2017 at which time, all resolutions were passed, shareholders approved a resolution which cancelled 35 million options over ordinary shares, comprising five tranches at various expiry dates and exercise prices, previously granted to Mr Peter Reeve on 10 June 2015 and simultaneously approved the award of 35 million performance rights to Mr Reeve.

The performance rights comprise of two tranches of 17,500,000 performance rights each with the first tranche vesting on 30 November 2018 and the second tranche vesting on 30 November 2019.

On vesting the performance rights will convert into fully paid ordinary shares and rank equally with ordinary shares on issue.  No consideration will be payable on conversion of the performance rights into fully paid ordinary shares.

Mr Reeve is the Executive Chairman/Chief Executive Officer of Aura Energy Limited, and holds both directly and indirectly, 12,812,365 ordinary shares, representing 1.5% of the Company’s issued share capital. The Company would like to note that this action will not alter the number of Ordinary Shares currently in issue, which stands at 849,560,890 fully paid ordinary shares with voting rights attached (one vote per ordinary share). There are no shares held by the Company in treasury.  The number of shares in issue may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company.

For further information contact:


Aura Energy Limited
Peter Reeve (Executive Chairman and CEO)

Telephone: +61 (3) 9516 6500
Email: info@auraenergy.com.au

WH Ireland Limited
Adrian Hadden
Katy Mitchell
James Sinclair-Ford

Telephone: +44 (0) 207 220 1666

Yellow Jersey
Charles Goodwin
Joe Burgess

Telephone: +44 (0) 77693 25254 

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 Peter Desmond Reeve
2 Reason for the notification
a) Position/status Executive Chairman/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 Aura Energy Limited
b) LEI 5493003D06RIWKIKA27
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
Performance Rights


ISIN: AU000000AEE7 TIDM: AURA
b) Nature of the transaction Award of Performance Rights comprising:
 Tranche 1 17,500,000 performance rights vesting 30/11/18; and
 Tranche 2 17,500,000 performance rights vesting 30/11/19
c) Price(s) and volume(s)
Price(s) Volume(s)
d) Aggregated information
e) Date of the transaction 30 November 2017
f) Place of the transaction Australian Securities Exchange

Copyright er 7 PR Newswire

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