Kodal Minerals PLC Grant of Options (4579E)

TIDMKOD

RNS Number : 4579E

Kodal Minerals PLC

08 May 2017

Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining

8 May 2017

Kodal Minerals plc ('Kodal Minerals' or 'the Company')

Grant of share options

Kodal Minerals, the mineral exploration and development company focussed on West Africa, announces that it has granted share options to directors and certain key personnel in order to incentivise them and align their interests with shareholders of the Company. Options over a total of 145 million ordinary shares have been granted, including 50 million options to each of the executive directors, Bernard Aylward and Luke Bryan, and 25 million options to the Chairman, Rob Wooldridge. All the options are exercisable at a price of 0.38 pence per share, being the same price as the recently announced second investment by Suay Chin International Pte Ltd. and have a life of 5 years from vesting. 50 per cent. of the options will vest immediately, with a further 25 per cent. vesting in one year and the remaining 25 per cent. vesting in two years' time.

**ENDS**

For further information, please visit www.kodalminerals.com or contact the following:

 
 Kodal Minerals plc 
  Bernard Aylward, CEO                      Tel: +61 418 
                                            943 345 
 Allenby Capital Limited, AIM Nominated 
  Adviser                                   Tel: [phone] 
  Jeremy Porter/Nick Harriss/Liz            5656 
  Kirchner 
 SP Angel Corporate Finance LLP, 
  Financial Adviser & Broker                Tel: [phone] 
  John Mackay/Laura Harrison                0470 
 St Brides Partners Ltd, Financial 
  PR                                        Tel: [phone] 
  Lottie Brocklehurst/Megan Dennison        1177 
 

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               Bernard Aylward 
---  -----------------  --------------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status    CEO 
---  -----------------  --------------------------------------- 
 b)   Initial            Initial notification 
       notification 
       /Amendment 
---  -----------------  --------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name               Kodal Minerals plc 
---  -----------------  --------------------------------------- 
 b)   LEI                n/a 
---  -----------------  --------------------------------------- 
 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         Options over ordinary shares of 
       of the              0.03125p 
       financial 
       instrument,         GB00BH3X7Y70 
       type of 
       instrument 
       Identification 
       code 
---  -----------------  --------------------------------------- 
 b)   Nature             Grant of options 
       of the 
       transaction 
---  -----------------  --------------------------------------- 
 c)   Price(s)            Price(s)          Volume(s) 
       and volume(s)      ----------------  ----------- 
                           Exercise price 
                            of 0.38p per 
                            share            50,000,000 
                          ----------------  ----------- 
---  -----------------  --------------------------------------- 
 d)   Aggregated 
       information         n/a 
       - Aggregated 
       volume 
       - Price 
---  -----------------  --------------------------------------- 
 e)   Date of            8 May 2017 
       the transaction 
---  -----------------  --------------------------------------- 
 f)   Place of                London Stock Exchange, AIM Market 
       the transaction         (XLON) 
---  -----------------  --------------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name               Luke Bryan 
---  -----------------  --------------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status    Technical Director 
---  -----------------  --------------------------------------- 
 b)   Initial            Initial notification 
       notification 
       /Amendment 
---  -----------------  --------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name               Kodal Minerals plc 
---  -----------------  --------------------------------------- 
 b)   LEI                n/a 
---  -----------------  --------------------------------------- 
 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         Options over ordinary shares of 
       of the              0.03125p 
       financial 
       instrument, 
       type of             GB00BH3X7Y70 
       instrument 
       Identification 
       code 
---  -----------------  --------------------------------------- 
 b)   Nature             Grant of options 
       of the 
       transaction 
---  -----------------  --------------------------------------- 
 c)   Price(s)            Price(s)          Volume(s) 
       and volume(s)      ----------------  ----------- 
                           Exercise price 
                            of 0.38p per 
                            share            50,000,000 
                          ----------------  ----------- 
---  -----------------  --------------------------------------- 
 d)   Aggregated 
       information         n/a 
       - Aggregated 
       volume 
       - Price 
---  -----------------  --------------------------------------- 
 e)   Date of            8 May 2017 
       the transaction 
---  -----------------  --------------------------------------- 
 f)   Place of                London Stock Exchange, AIM Market 
       the transaction         (XLON) 
---  -----------------  --------------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name               Robert Wooldridge 
---  -----------------  --------------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status    Chairman 
---  -----------------  --------------------------------------- 
 b)   Initial            Initial notification 
       notification 
       /Amendment 
---  -----------------  --------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name               Kodal Minerals plc 
---  -----------------  --------------------------------------- 
 b)   LEI                n/a 
---  -----------------  --------------------------------------- 
 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         Options over ordinary shares of 
       of the              0.03125p 
       financial 
       instrument, 
       type of             GB00BH3X7Y70 
       instrument 
       Identification 
       code 
---  -----------------  --------------------------------------- 
 b)   Nature             Grant of options 
       of the 
       transaction 
---  -----------------  --------------------------------------- 
 c)   Price(s)            Price(s)          Volume(s) 
       and volume(s)      ----------------  ----------- 
                           Exercise price 
                            of 0.38p per 
                            share            25,000,000 
                          ----------------  ----------- 
---  -----------------  --------------------------------------- 
 d)   Aggregated 
       information         n/a 
       - Aggregated 
       volume 
       - Price 
---  -----------------  --------------------------------------- 
 e)   Date of            8 May 2017 
       the transaction 
---  -----------------  --------------------------------------- 
 f)   Place of                London Stock Exchange, AIM Market 
       the transaction         (XLON) 
---  -----------------  --------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 08, 2017 05:01 ET (09:01 GMT)