Ormonde Mining PLC Granting of Options (1517C)

TIDMORM

RNS Number : 1517C

Ormonde Mining PLC

17 January 2018

17 January 2018

Ormonde Mining plc

("Ormonde" or "the Company")

Granting of Options

Ormonde Mining plc announces that, on 16 January 2018, the Company granted conditional options ("Options") over 4,875,000 ordinary shares in the capital of the Company ("Ordinary Shares") to certain employees of the Company.

The exercise price for each option is Euro 0.027, being the closing share price of an Ordinary Share on the ESM Market of the Irish Stock Exchange on the day prior to award of the options, being 15 January 2018.

Details of the PDMR option awards are included below:

 
 PDMR               Options granted     Total Options 
                                 on    held following 
                         16 January             grant 
                               2018 
 
 Paul Carroll             2,000,000         5,100,000 
 Fraser Gardiner          2,000,000         2,000,000 
 

PDMR Dealings

The notification of dealing forms for each Director can be found below. This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

Enquiries to:

Ormonde Mining plc Tel: [phone]

Paul Carroll, Chief Financial Officer

Fraser Gardiner, Chief Operating Officer

Capital M Consultants

Simon Rothschild Mob: [phone]

Murray Consultants

Mark Brennock Tel: [phone] Mob: [phone]

Davy (Nomad, ESM Adviser and Joint Broker)

John Frain Tel: [phone]

SP Angel Corporate Finance LLP (Joint Broker)

Ewan Leggat Tel: [phone]

About Ormonde

Ormonde has a 30% interest in the Barruecopardo Tungsten Mine, located in northwest Spain. Barruecopardo is a fully permitted and fully funded mining project currently being developed through a US$99.7 million funding package agreed with Oaktree Capital Management (70% interest) in 2015. The Barruecopardo Mine is scheduled to commence commissioning in Q3 2018.

For more information, visit www.ormondemining.com.

 
 1     Details of the person discharging managerial 
        responsibilities/person closely associated 
====  =========================================================== 
 a)    Name                 PAUL CARROLL 
====  ===================  ====================================== 
 
 2     Reason for the notification 
====  =========================================================== 
 a)    Position/status      CHIEF FINANCIAL OFFICER 
====  ===================  ====================================== 
 b)    Initial              INITIAL NOTIFICATION 
        Notification 
        Amendment 
====  ===================  ====================================== 
 3     Details of the issuer, emission allowance market 
        participant, auction platform, auctioneer or 
        auction monitor 
====  =========================================================== 
 a)    Name                 ORMONDE MINING PLC. 
====  ===================  ====================================== 
 b)    LEI                  635400EA9DCKKQEWL348 
====  ===================  ====================================== 
 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 0.01 
        of the financial     EURO IN THE SHARE CAPITAL OF ORMONDE 
        instrument,          MINING PLC 
        type of 
        instrument           ISIN: IE00BF0MZF04 
        Identification 
        code 
====  ===================  ====================================== 
 b)    Nature of            GRANT OF SHARE OPTIONS 
        the transaction 
====  ===================  ====================================== 
 c)    Price(s)               Price(s)   Volume(s) 
        and volume(s)         =========  ========== 
                               EUR0.027   2,000,000 
                              =========  ========== 
====  ===================  ====================================== 
       Aggregated 
        information 
        - Aggregated 
        volume              2,000,000 
 d)     - Price              EUR0.027 
====  ===================  ====================================== 
 e)    Date of              16/01/18 
        the transaction 
====  ===================  ====================================== 
 f)    Place of             DUBLIN 
        the transaction 
====  ===================  ====================================== 
 g)    Additional 
        Information 
====  ===================  ====================================== 
 
 
 1     Details of the person discharging managerial 
        responsibilities/person closely associated 
====  =========================================================== 
 a)    Name                 FRASER GARDINER 
====  ===================  ====================================== 
 
 2     Reason for the notification 
====  =========================================================== 
 a)    Position/status      CHIEF OPERATING OFFICER 
====  ===================  ====================================== 
 b)    Initial              INITIAL NOTIFICATION 
        Notification 
        Amendment 
====  ===================  ====================================== 
 3     Details of the issuer, emission allowance market 
        participant, auction platform, auctioneer or 
        auction monitor 
====  =========================================================== 
 a)    Name                 ORMONDE MINING PLC. 
====  ===================  ====================================== 
 b)    LEI                  635400EA9DCKKQEWL348 
====  ===================  ====================================== 
 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 0.01 
        of the financial     EURO IN THE SHARE CAPITAL OF ORMONDE 
        instrument,          MINING PLC 
        type of 
        instrument           ISIN: IE00BF0MZF04 
        Identification 
        code 
====  ===================  ====================================== 
 b)    Nature of            GRANT OF SHARE OPTIONS 
        the transaction 
====  ===================  ====================================== 
 c)    Price(s)               Price(s)   Volume(s) 
        and volume(s)         =========  ========== 
                               EUR0.027   2,000,000 
                              =========  ========== 
====  ===================  ====================================== 
       Aggregated 
        information 
        - Aggregated 
        volume              2,000,000 
 d)     - Price              EUR0.027 
====  ===================  ====================================== 
 e)    Date of              16/01/18 
        the transaction 
====  ===================  ====================================== 
 f)    Place of             DUBLIN 
        the transaction 
====  ===================  ====================================== 
 g)    Additional 
        Information 
====  ===================  ====================================== 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 17, 2018 06:58 ET (11:58 GMT)