Bellzone Mining PLC Share Awards (0642D)

TIDMBZM

RNS Number : 0642D

Bellzone Mining PLC

26 January 2018

26 January 2018

Bellzone Mining plc

Share Awards

Bellzone Mining plc ("Bellzone" or the "Company") (AIM: BZM) announces that share awards were made on 23 January 2018 from existing issued shares held by the Company in Treasury. The Company's Remuneration Committee in its annual review decided the share awards to be the most appropriate means to recognise the dedication and performance of senior managers throughout a difficult period, given the cancellation of previous employee stock option schemes, as well as to better align employee incentives and shareholder interests.

Bellzone presently holds 32,657,970 fully paid Ordinary Shares of no par value ("Ordinary Shares") in Treasury. On 23 January 2018, Bellzone granted share awards to certain employees over 17,289,600 of these Ordinary Shares, the awards being assessed by the Remuneration Committee at a nominal price of 1.25p per share and zero cost to the recipients.

These awards have been accepted by the employees and are therefore subject only to the recipients remaining employed by the Company. The awards will vest in two equal tranches on 23 April 2018 and 23 July 2018.

Included in the employees, the below PDMRs (Persons Discharging Managerial Responsibilities) received awards:

 
 Name             Title                   Number of       Total number 
                                           Ordinary        of Ordinary 
                                        Shares granted     Shares held 
                                                          after vesting 
---------------  -------------------  ----------------  --------------- 
 Julian 
  Cheong          CEO and CFO             8,401,320        8,401,320 
---------------  -------------------  ----------------  --------------- 
                  Head of Corporate 
 Simon Edwards     Development            3,927,000        4,376,499 
---------------  -------------------  ----------------  --------------- 
 

The 17,289,600 Ordinary Shares being awarded from Treasury represent 1.08 per cent. of the total issued share capital of the Company which will be unchanged at 1,597,858,383 Ordinary Shares.

The current total voting rights in the Company ("TVR"), also unchanged by this announcement, are 1,565,200,413 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change in their interest in, the Company under the Disclosure and Transparency Rules of the UK Financial Conduct Authority. The TVR will increase in April and July 2018 when awards vest and the resulting TVR will be announced with each vesting.

Enquiries:

 
 Bellzone Mining plc 
 Simon Edwards                [phone] 
                               [e-mail] 
 
 WH Ireland Limited 
 Nominated Advisor & Joint 
  Broker 
 James Joyce / Jessica 
  Cave                        [phone] 
 SVS Securities plc 
 Joint Broker 
  Tom Curran                   [phone] 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

DIRECTOR/PDMR SHAREHOLDING

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ----------------------------------------------------------------------------------------------- 
 a)   Name                                                           Julian Cheong 
---  -------------------------------------------------------------  -------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------------------------------- 
 a)   Position/status                                                CEO and CFO 
---  -------------------------------------------------------------  -------------------------------- 
 b)   Initial notification/ Amendment                                Initial Notification 
---  -------------------------------------------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------------------------------------- 
 a)   Name                                                           Bellzone Mining plc 
---  -------------------------------------------------------------  -------------------------------- 
 b)   LEI                                                            213800X7MWNMIC3IUM94 
---  -------------------------------------------------------------  -------------------------------- 
 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    Ordinary Shares of no par value 
 
       Identification code                                            JE00B3N0SJ29 
---  -------------------------------------------------------------  -------------------------------- 
 b)   Nature of the transaction                                      Grant of share awards 
---  -------------------------------------------------------------  -------------------------------- 
 c)   Price(s) and volume(s)                                          Price   Volume 
                                                                      ------  ---------- 
                                                                       1.25p   8,401,320 
                                                                      ------  ---------- 
---  -------------------------------------------------------------  -------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                        N/A - single transaction 
 
 
         *    Price 
---  -------------------------------------------------------------  -------------------------------- 
 e)   Date of the transaction                                        24 January 2018 
---  -------------------------------------------------------------  -------------------------------- 
 f)   Place of the transaction                                       London 
---  -------------------------------------------------------------  -------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ----------------------------------------------------------------------------------------------- 
 a)   Name                                                           Simon Edwards 
---  -------------------------------------------------------------  -------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------------------------------- 
 a)   Position/status                                                Head of Corporate Development 
---  -------------------------------------------------------------  -------------------------------- 
 b)   Initial notification/ Amendment                                Initial Notification 
---  -------------------------------------------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------------------------------------- 
 a)   Name                                                           Bellzone Mining plc 
---  -------------------------------------------------------------  -------------------------------- 
 b)   LEI                                                            213800X7MWNMIC3IUM94 
---  -------------------------------------------------------------  -------------------------------- 
 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    Ordinary Shares of no par value 
 
       Identification code                                            JE00B3N0SJ29 
---  -------------------------------------------------------------  -------------------------------- 
 b)   Nature of the transaction                                      Grant of share awards 
---  -------------------------------------------------------------  -------------------------------- 
 c)   Price(s) and volume(s)                                          Price   Volume 
                                                                      ------  ---------- 
                                                                       1.25p   3,927,000 
                                                                      ------  ---------- 
---  -------------------------------------------------------------  -------------------------------- 
 d)    Aggregated information                                        N/A - single transaction 
         *    Aggregated volume 
 
 
         *    Price 
---  -------------------------------------------------------------  -------------------------------- 
 e)   Date of the transaction                                        24 January 2018 
---  -------------------------------------------------------------  -------------------------------- 
 f)   Place of the transaction                                       London 
---  -------------------------------------------------------------  -------------------------------- 
 

The company news service from the London Stock Exchange

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January 26, 2018 06:12 ET (11:12 GMT)