Bisichi Mining PLC Director/PDMR Shareholding

 
TIDMBISI 
 
7 February 2018 
 
London, 
 
FOR IMMEDIATE RELEASE 
 
                              Bisichi Mining plc 
                         ("Bisichi" or the "Company") 
 
                          Director/PDMR Shareholding 
 
Bisichi Mining plc announces the grant of options over ordinary shares in the 
Company of 10 pence (the "Options") to the following directors of the Company, 
under the Company's Unapproved Executive Share Option Scheme 2012 ("the 
Scheme"), as set out below: 
 
Name of director           Date of grant           Number of Options 
 Exercise price 
Andrew Heller                       6 February 2018           150,000 
                      GBP0.7350 per share 
Garrett Casey                       6 February 2018           230,000 
                      GBP0.7350 per share 
 
The above Options are subject to the terms and conditions set out in the rules 
of the Scheme, and subject to the memorandum and articles of association of the 
Company. These Options are exercisable at any time during the next 10 years 
from the date of grant stated above. No consideration has been paid for the 
granting of these Options. 
 
In addition, the Company announces that on the 5 February 2018 it entered into 
an agreement with Garrett Casey, a Director of Bisichi, to surrender 80,000 
Options which were granted on 31 August 2010. The exercise price of the Options 
surrendered was 202.05p. The aggregate consideration paid by the Company to 
effect the cancellation was GBP1. 
 
The notifications  below, made in accordance with the requirements of the EU 
Market Abuse Regulation, provides further details of the above transactions: 
 
1.                Details of the person discharging managerial responsibilities/ 
                  person closely associated 
 
(a)               Name                 1)          Andrew Heller 
                                       2)          Garrett Casey 
 
2.                Reason for the notification 
 
(a)               Position/status      1)          Managing Director, Bisichi Mining 
                                       plc (PDMR) 
                                       2)          Finance Director, Bisichi Mining 
                                       plc (PDMR) 
 
(b)               Initial notification Initial Notification 
                  / Amendment 
 
3.                Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
 
(a)               Name                 Bisichi Mining plc 
 
(b)               LEI                  213800RRWN6ZBPW2ZV03 
 
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   Options over ordinary shares of 10 pence each 
                  financial            in the Company 
                  instrument, type of 
                  instrument 
 
                  Identification code  ISIN: GB0001012045 
 
(b)               Nature of the        Grant of options with an exercise price of 
                  transaction          73.50p under the Bisichi Mining plc 2012 
                                       Share option scheme. 
 
(c)               Price(s) and volume  Name         Price(s)        Volume(s) 
                  (s) 
                                       Andrew       1)   73.50p             150,000 
                                       Heller 
 
                                       Garrett      2)   73.50p             230,000 
                                       Casey 
 
(d)               Aggregated           As stated above. 
                  information 
 
                  - Aggregated volume 
                  - Price 
 
(e)               Date of the          6 February 2018 
                  transaction 
 
(f)               Place of the         Outside a trading venue 
                  transaction 
 
 
 
1.                Details of the person discharging managerial responsibilities/ 
                  person closely associated 
 
(a)               Name                 Garrett Casey 
 
2.                Reason for the notification 
 
(a)               Position/status      Finance Director, Bisichi Mining plc (PDMR) 
 
(b)               Initial notification Initial Notification 
                  / Amendment 
 
3.                Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
 
(a)               Name                 Bisichi Mining plc 
 
(b)               LEI                  213800RRWN6ZBPW2ZV03 
 
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   Options over ordinary shares of 10 
                  financial            pence each in the Company 
                  instrument, type of 
                  instrument 
 
                  Identification code  ISIN: GB0001012045 
 
(b)               Nature of the        Surrender of 80,000 options, with an 
                  transaction          exercise price of 202.05p issued by Bisichi 
                                       Mining plc on 31 August 2010, for an 
                                       aggregate consideration of GBP1. 
 
(c)               Price(s) and volume  Price(s)             Volume(s) 
                  (s) 
                                       GBP1                                  80,000 
 
(d)               Aggregated 
                  information 
                                       80,000 
                  - Aggregated volume  GBP1 
                  - Price 
 
(e)               Date of the          5 February 2018 
                  transaction 
 
(f)               Place of the         Outside a trading venue 
                  transaction 
 
Garrett Casey, Company Secretary 
 
Telephone number: 020 7415 5030 
 
7 February 2018 
 
 
 
END 
 

(END) Dow Jones Newswires

February 07, 2018 09:35 ET (14:35 GMT)