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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Georgian Mining Corporation | LSE:GEO | London | Ordinary Share | VGG9688A1003 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.40 | 1.30 | 1.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMGEO
RNS Number : 1395W
Georgian Mining Corporation
30 July 2018
30 July 2018
Georgian Mining Corporation ('GEO or 'the Company')
Grant of Options to CEO and Director Shareholding
Georgian Mining Corporation announces that the Remuneration Committee has agreed to issue options over a total of 2 million ordinary shares of no par value in the capital of the Company ("Share Options") to CEO, Mike Struthers. The Share Options will vest immediately and will expire on 26 July 2023. The exercise price of the options will be as follows:
Exercise price (GBP) 0.14 0.20 Number of options granted 1,000,000 1,000,000 --------------------- ---------------------
The Share Options represent in aggregate 1.74% of the existing issued ordinary share capital of the Company.
Following the grant of the Share Options, in aggregate there will be 8,550,000 ordinary shares of no par value of the Company under option to directors and employees of the Company, representing 7.45% of the existing issued ordinary share capital of the Company.
The grant of the Share Options described in this announcement is a related party transaction for the purposes of Rule 13 of the AIM Rules. Neil O'Brien, Gregory Kuenzel, Laurence Mutch and Peter Damouni, being independent directors of Georgian Mining for the purposes of AIM Rule 13, consider, having consulted with the Company's Nominated Adviser, SP Angel Corporate Finance LLP, that the terms of the related party transaction are fair and reasonable insofar as the shareholders of the Company are concerned.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the directors' participation in the Placing.
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: Michael Struthers ----------------------------------------- ------------------------------------- 2. Reason for the notification -------------------------------------------------------------------------------- a) Position/status: Chief Executive Officer ----------------------------------------- ------------------------------------- b) Initial notification/Amendment: Initial notification ----------------------------------------- ------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor -------------------------------------------------------------------------------- a) Name: Georgian Mining Corporation ----------------------------------------- ------------------------------------- b) LEI: 2138002IOR7OCZZPB279 ----------------------------------------- ------------------------------------- 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, Share options over ordinary type of instrument: shares of no par value Identification code: VGG9688A1003 ----------------------------------------- ------------------------------------- b) Nature of the transaction: Grant of options over ordinary shares ----------------------------------------- ------------------------------------- c) Price(s) and volume(s): Price(s) Volume(s) 14 pence 1,000,000 20 pence 1,000,000 ---------- ----------------------------------------- ------------------------------------- d) Aggregated information: Single transaction as Aggregated volume: in 4 c) above Price(s) Volume(s) Price: 14 pence 1,000,000 20 pence 1,000,000 ---------- ----------------------------------------- ------------------------------------- e) Date of the transaction: 2018-07-30 09:10 hrs BST ----------------------------------------- ------------------------------------- f) Place of the transaction: Outside a trading venue ----------------------------------------- -------------------------------------
**ENDS**
For further information please visit www.georgianmining.com or contact:
Mike Struthers Georgian Mining Corporation Company Tel: 020 7907 9327 Ewan Leggat S. P. Angel Corporate Nomad & Broker Tel: 020 3470 Finance LLP 0470 Soltan Tagiev S. P. Angel Corporate Nomad & Broker Tel: 020 3470 Finance LLP 0470 Damon Heath Shard Capital Partners Joint Broker Tel: 020 7186 LLP 9950 Camilla Horsfall Blytheweigh PR Tel: 020 7138 3224 Simon Woods Blytheweigh PR Tel: 020 7138 3204
About Georgian Mining Corporation
Georgian Mining Corporation has 50% ownership and operational control of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high-grade copper-gold deposits and producing mines. The Bolnisi licence covers an area of over 860 sq km and has a 30-year mining licence with a variety of targets and projects ranging from greenfield exploration / target definition phase through intermediate target-testing phases to more advanced projects including Kvemo Bolnisi East which will advance to Feasibility Study in 2018. These projects are proximal to several advanced projects and existing mining operations owned by the Company's joint venture partner, and their sister production company. Georgia has an established mining code and is a jurisdiction open to direct foreign investment.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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July 30, 2018 04:35 ET (08:35 GMT)
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