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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| W Resources Plc | LSE:WRES | London | Ordinary Share | GB00BKQN5R41 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.65 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMWRES
RNS Number : 8432Q
W Resources PLC
02 December 2016
2 December 2016
W Resources Plc
("W" or the "Company")
Grant of Share Options
W Resources Plc (AIM:WRES), the tungsten, copper and gold, production, exploration and development company with assets in Spain and Portugal, announces the Directors have approved the recommendation of the Remuneration Committee to make a grant of share options over 120,000,000 new ordinary shares of 0.1p of the Company ("Ordinary Shares") to Directors (the "Options"). The strike prices are at a 59%, 82% and 127% premium to the share price at yesterday's closing share price.
Following the grant of the options the Directors will hold the following Ordinary Shares and Options.
Hot Features
Premium
Director Number of Exercise Expiry Date Ordinary
Options Price Shares
------------ ------------ --------------------- ------------- ------------
Michael 31 December
Masterman 20,000,000 GBP0.007 2020 822,617,832
31 December
10,000,000 GBP0.008 2020
31 December
10,000,000 GBP0.01 2020
------------ ------------ --------------------- ------------- ------------
Byron 31 December
Pirola 20,000,000 GBP0.007 2020 278,781,176
31 December
10,000,000 GBP0.008 2020
31 December
10,000,000 GBP0.01 2020
------------ ------------ --------------------- ------------- ------------
David 31 December
Garland 20,000,000 GBP0.007 2020 5,555,555
31 December
10,000,000 GBP0.008 2020
31 December
10,000,000 GBP0.01 2020
------------ ------------ --------------------- ------------- ------------
The Options will be capable of exercise at any time until their expiry date of 31 December 2020.
Following the above grant, there are a total of 120,000,000 share options granted over unissued Ordinary Shares, representing 2.75% of the Company's current issued share capital of 4,360,495,974 Ordinary Shares.
The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further detail.
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ---------------------------------------------------------------
a) Name Michael Masterman
---- ------------------------------ -------------------------------
2 Reason for the notification
---- ---------------------------------------------------------------
a) Position / status Chairman
---- ------------------------------ -------------------------------
b) Initial notification Initial Notification
/ Amendment
---- ------------------------------ -------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- ---------------------------------------------------------------
a) Name W Resources Plc
---- ------------------------------ -------------------------------
b) LEI -
---- ------------------------------ -------------------------------
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 Options to subscribe for
instrument, type of new ordinary shares of
instrument 0.01p each
---- ------------------------------ -------------------------------
Identification code GB00B0358H47
---- ------------------------------ -------------------------------
b) Nature of the transaction Grant of options
---- ------------------------------ -------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- ------------------------------ ------------------ -----------
GBP0.007 exercise
price 20,000,000
----------------------------------- ------------------ -----------
GBP0.008 exercise
price 10,000,000
------------------ -----------
GBP0.01 exercise
price 10,000,000
----------------------------------- ------------------ -----------
d) Aggregated information
---- ---------------------------------------------------------------
Aggregated volume 40,000,000
----------------------------------- -------------------------------
Price 0.008
----------------------------------- -------------------------------
e) Date of the transaction 2 December 2016
---- ------------------------------ -------------------------------
f) Place of the transaction Outside of a trading venue
---- ------------------------------ -------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ---------------------------------------------------------------
a) Name Byron Pirola
---- ------------------------------ -------------------------------
2 Reason for the notification
---- ---------------------------------------------------------------
a) Position / status Non-Executive Chairman
---- ------------------------------ -------------------------------
b) Initial notification Initial Notification
/ Amendment
---- ------------------------------ -------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- ---------------------------------------------------------------
a) Name W Resources Plc
---- ------------------------------ -------------------------------
b) LEI -
---- ------------------------------ -------------------------------
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 Options to subscribe for
instrument, type of new ordinary shares of
instrument 0.01p each
---- ------------------------------ -------------------------------
Identification code GB00B0358H47
---- ------------------------------ -------------------------------
b) Nature of the transaction Grant of options
---- ------------------------------ -------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- ------------------------------ ------------------ -----------
GBP0.007 exercise
price 20,000,000
----------------------------------- ------------------ -----------
GBP0.008 exercise
price 10,000,000
------------------ -----------
GBP0.01 exercise
price 10,000,000
----------------------------------- ------------------ -----------
d) Aggregated information
---- ---------------------------------------------------------------
Aggregated volume 40,000,000
----------------------------------- -------------------------------
Price 0.008
----------------------------------- -------------------------------
e) Date of the transaction 2 December 2016
---- ------------------------------ -------------------------------
f) Place of the transaction Outside of a trading venue
---- ------------------------------ -------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ---------------------------------------------------------------
a) Name David Garland
---- ------------------------------ -------------------------------
2 Reason for the notification
---- ---------------------------------------------------------------
a) Position / status Non-Executive Chairman
---- ------------------------------ -------------------------------
b) Initial notification Initial Notification
/ Amendment
---- ------------------------------ -------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- ---------------------------------------------------------------
a) Name W Resources Plc
---- ------------------------------ -------------------------------
b) LEI -
---- ------------------------------ -------------------------------
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 Options to subscribe for
instrument, type of new ordinary shares of
instrument 0.01p each
---- ------------------------------ -------------------------------
Identification code GB00B0358H47
---- ------------------------------ -------------------------------
b) Nature of the transaction Grant of options
---- ------------------------------ -------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
---- ------------------------------ ------------------ -----------
GBP0.007 exercise
price 20,000,000
----------------------------------- ------------------ -----------
GBP0.008 exercise
price 10,000,000
------------------ -----------
GBP0.01 exercise
price 10,000,000
----------------------------------- ------------------ -----------
d) Aggregated information
---- ---------------------------------------------------------------
Aggregated volume 40,000,000
----------------------------------- -------------------------------
Price 0.008
----------------------------------- -------------------------------
e) Date of the transaction 2 December 2016
---- ------------------------------ -------------------------------
f) Place of the transaction Outside of a trading venue
---- ------------------------------ -------------------------------
Enquiries:
W Resources Plc Grant Thornton UK LLP
Michael Masterman Colin Aaronson / Samantha
T: +44 (0) 20 7193 7463 Harrison
www.wresources.co.uk / Harrison Clarke
T: +44 (0) 20 7383 5100
SI Capital Gable Communications
Andy Thacker / Nick Emerson Justine James
T: +44 (0) 1483 413500 T: +44 (0) 20 7193 7463
www.sicapital.co.uk M: +44 (0) 7525 324431
About W
In 2012, W Resources Plc (AIM:WRES) made the successful transition into a tungsten production exploration and development company with projects in Spain and Portugal, following two acquisitions.
Projects include La Parrilla, a tungsten project in Spain and Régua and Tarouca Tungsten projects and the CAA/Portalegre copper-gold project in Portugal.
The Company's deposits and tungsten mine developments offer a low cost, high margin resource development opportunity due to a strong market following for Tungsten, increased trading and a forecast shortage of supply.
The Board is focused to explore further opportunities in the region with a view to building a mid-tier minor metal producer.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHKMMGZMZDGVZM
(END) Dow Jones Newswires
December 02, 2016 08:14 ET (13:14 GMT)
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