Great Western Mining Corp. plc Issue of Share Options (9941K)

TIDMGWMO

RNS Number : 9941K

Great Western Mining Corp. plc

13 July 2017

Great Western Mining Corporation PLC

("Great Western Mining", "GWM" or the "Company")

Issue of Share Options

Great Western Mining (AIM: GWMO & ESM: 8GW) announces that it has issued a total of 26 million share options to Directors and key management, in accordance with the rules of the Company's Share Option Plan 2014 as approved by shareholders on 17 July 2014.

The awards were approved by the Board on 12 July 2017 (the "Award Date").

The exercise price of the new options will be Sterling 1.6 pence per share, representing a premium of 17.7% over the closing price on 11 July 2017. The options are for seven years and will vest 33.3% on the first, second and third anniversary of the grant of award.

Share Options issued to Directors:

   Brian Hall                                 4,000,000 
   David Fraser                            8,000,000 
   Melvyn Quiller                          6,000,000 
   Robert O'Connell                     7,000,000 

Share Options issued to key management:

Project Geologist

   Bartholomew Harvey                1,000,000 

Following this announcement GWM has in issue 592,673,809 ordinary shares of EUR0.0001, 26 million Share Options with an Exercise Price of 1.6p, 24 million Share Options with an Exercise Price of 0.5p and 4,687,500 Warrants with an Exercise Price of 2.1p.

ENQUIRIES:

 
 Great Western Mining      [phone] (via Walbrook) 
  Corporation Plc 
  David Fraser, Chief 
  Executive 
 Davy (Nomad, ESM 
  Adviser & Joint 
  Broker) 
  John Frain               [phone] 
 
   Beaufort Securities 
   Ltd (Joint Broker) 
   Jon Belliss 
   Elliot Hance              [phone] 
 Walbrook PR (UK           [phone] 
  PR and IR)                [e-mail] 
  Paul Cornelius 
  Nick Rome 
 
 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ------------------------------------------------------------------- 
 a)   Name                    1. Brian Hall 
                               2. David Fraser 
                               3. Melvyn Quiller 
                               4. Robert O'Connell 
                               5. Bartholomew Harvey 
---  ----------------- 
 
 2    Reason for the notification 
---  ------------------------------------------------------------------- 
 a)   Position/status 
                                1. Chairman, PDMR 
                                2. Chief Executive, PDMR 
                                3. Finance Director & Company Secretary, 
                                PDMR 
                                4. Operations Director, PDMR 
                                5. Project Geologist, PDMR 
---  -----------------  ------------------------------------------------ 
 b)   Initial 
       Notification        Initial 
       Amendment 
---  -----------------  ------------------------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------------- 
 a)   Name               Great Western Mining Corporation 
                          PLC 
---  -----------------  ------------------------------------------------ 
 b)   LEI                635400NZ1RTHSGDVNQ43 I 
---  -----------------  ------------------------------------------------ 
 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              Ordinary shares of nominal value 
       financial           EUR0.0001 each 
       instrument, 
       type of             ISIN: IE00B1FR8863 
       instrument 
       Identification 
       code 
---  -----------------  ------------------------------------------------ 
 b)   Nature 
       of the              Issue of options over Ordinary Shares 
       transaction 
---  -----------------  ------------------------------------------------ 
 c)   Price(s)             Price(s)             Volume(s) 
       and volume(s)       -------------------  -------------- 
                             1. 1.6 pence per    1. 4,000,000 
                              Ordinary Share      2. 8,000,000 
                              2. 1.6 pence per    3. 6,000,000 
                              Ordinary Share      4. 7,000,000 
                              3. 1.6 pence per    5. 1,000,000 
                              Ordinary Share 
                              4. 1.6 pence per 
                              Ordinary Share 
                              5. 1.6 pence per 
                              Ordinary Share 
                           -------------------  -------------- 
---  -----------------  ------------------------------------------------ 
 d)   Aggregated 
       information         N/A, single transaction 
       - Aggregated 
       volume 
       - Price 
---  -----------------  ------------------------------------------------ 
 e)   Date of 
       the transaction     12 July 2017 
---  -----------------  ------------------------------------------------ 
 f)   Place of 
       the transaction     Outside a trading venue 
---  -----------------  ------------------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHOKNDNKBKDOOD

(END) Dow Jones Newswires

July 13, 2017 06:38 ET (10:38 GMT)