Landore Resources Limited Award of Share Options (1440A)
December 22 2017 - 2:00AM
UK Regulatory
TIDMLND
RNS Number : 1440A
Landore Resources Limited
22 December 2017
LANDORE RESOURCES LIMITED
("Landore Resources" or "the Company")
(AIM Ticker: LND.L)
Award of Share Options
London, United Kingdom - December 22, 2017 - Landore Resources
Limited (AIM:LND) ("Landore Resources" or "the Company") announces
that a total of 5 million options over ordinary shares of no par
value in the Company (the "New Share Options") ("Ordinary Shares")
have been awarded to William Humphries, the Company's Chief
Executive Officer. The award follows a highly successful year for
Landore Resources including the updated Mineral Resource estimate
for the BAM East Gold Deposit as announced on 11 December 2017.
The exercise price of the New Share Options is 2.2 pence, being
a 10 per cent. premium to the price at which the Company completed
its recent subscription as announced on 19 October 2017 and a 8.9
per cent. premium to the mid-market closing price of Company's
Ordinary Shares on 21 December 2017. The New Share Options are not
subject to any performance conditions and will expire 5 years from
the date of the award.
Following the award of the New Share Options, there are
currently 73,350,000 options over Ordinary Shares ("Share Options")
outstanding. A summary of the Share Options held by the William
Humphries is set out below:
No. of Share Date Share Date Share Exercise
Options Options Options price
granted awarded expire (p)
William 28 October 28 October
Humphries 1,000,000 2009 2019 14.0
1 July
4,500,000 1 July 2013 2018 5.0
25 November 25 November
5,000,000 2013 2018 2.5
21 July 21 July
4,500,000 2014 2019 3.5
4 July
10,000,000 5 July 2017 2022 3.2
22 December 21 December
5,000,000 2017 2022 2.2
PDMR Notification Forms:
The notifications below are made in accordance with the
requirements of Market Abuse Regulation:
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 Ordinary shares of no par
Financial instrument, value each in the share capital
type of instrument of the Landore Resources
Limited
--- ------------------------------- ---------------------------------
Identification code GB00B06VJ325
--- ------------------------------- ---------------------------------
b) Nature of the Transaction Issue of options to acquire
ordinary shares
--- ------------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------- ----------
2.2 pence 5,000,000
----------- ----------
--- ------------------------------- ---------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume
Price
--- ------------------------------- ---------------------------------
e) Date of the transaction 22 December 2017
--- ------------------------------- ---------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- ---------------------------------
- ENDS -
About Landore Resources
Landore Resources is an exploration company that seeks to grow
shareholder value through the acquisition, exploration and
development of precious and base metal projects in eastern Canada.
The Company is primarily focused on the development of the Junior
Lake Project. Landore Resources has mineral rights to 5 properties
in eastern Canada. The Company is headquartered in Guernsey, with
an exploration office located in Thunder Bay, Ontario, Canada.
For more information, please contact:
Bill Humphries, Chief Executive Officer Tel: 07734 681262
Richard Prickett, Finance Director Tel: 07775 651421
Landore Resources Limited www.landore.com
Angela Hallett / James Spinney / Jack Botros Tel: 020 7409
3494
Strand Hanson Limited
Nominated Advisor and Broker
This announcement contains inside information as defined in
Article 7 of the Market Abuse Regulation No 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHOKDDBOBDDABB
(END) Dow Jones Newswires
December 22, 2017 02:00 ET (07:00 GMT)
Landore Resources (LSE:LND)
Historical Stock Chart
From Mar 2024 to Apr 2024
Landore Resources (LSE:LND)
Historical Stock Chart
From Apr 2023 to Apr 2024