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ORR Oriole Resources Plc

0.365
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Oriole Resources Plc LSE:ORR London Ordinary Share GB00B0T29327 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% 0.365 0.35 0.38 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 115k -1.62M -0.0008 -4.63 7.38M

Oriole Resources PLC Issue of Share Options (2240T)

19/03/2019 7:01am

UK Regulatory


Oriole Resources (LSE:ORR)
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TIDMORR

RNS Number : 2240T

Oriole Resources PLC

19 March 2019

Oriole Resources PLC

('Oriole Resources' or 'the Company' or 'the Group')

Issue of Share Options

Oriole Resources, the AIM-quoted exploration company operating in Africa and Europe, announces that the Company's remuneration committee has today granted options to its Chief Executive Officer, Tim Livesey, its Chief Financial Officer, Bob Smeeton and members of the management team.

Further Details

Options over 20,700,000 Ordinary Shares in the Company ('the Options') have been granted to the Company's Executive Directors, management team and employees. The Options have an exercise price of 0.37 pence, being the 30 day VWAP market price on 18 March 2019. The Options are not subject to performance conditions, will vest over a three-year period and will expire after ten years. In aggregate this award of Options is equivalent to 2.95% of the current issued share capital of the Company.

Following the awards the Company has 46,455,144 options and 13,470,000 warrants in issue, representing 8.5% of the issued Ordinary Share Capital.

Following the award of these options, the interests in the Ordinary Share Capital of the Company of the Executive Directors and other Persons Discharging Managerial Responsibility are as follows:

 
                New options   Total unexercised   Shares held 
                   issued        options held 
                               following issue 
 Tim Livesey     6,000,000       12,000,000        4,746,800 
               ------------  ------------------  ------------ 
 Bob Smeeton     6,000,000        8,000,000        2,000,000 
-------------  ------------  ------------------  ------------ 
 Claire Bay      3,500,000        3,940,000         294,804 
               ------------  ------------------  ------------ 
 

Further details on the exercise are included in the notification below, made in accordance with the requirements of the EU Market Abuse Regulations.

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

**S **

For further information please visit www.orioleresources.com, @OrioleResources on Twitter, or contact:

 
 Oriole Resources PLC                  Tel: +44 (0)20 7830 9650 
  Bob Smeeton / Tim Livesey / Claire 
  Bay 
 Camarco (IR/PR contact)               Tel: +44 (0)20 3757 4980 
  Gordon Poole / Nick Hennis / Emily 
  Hall 
 Grant Thornton UK LLP                 Tel: +44 (0)20 7383 5100 
  Samantha Harrison / Ben Roberts 
  / Niall McDonald 
 Hannam & Partners                     Tel: +44 (0)20 7907 8500 
  Neil Passmore / Andrew Chubb 
 Turner Pope Investments (TPI)         Tel: +44 (0)2036214120 
  Ltd 
  Ben Turner / James Pope / Andy 
  Thacker 
 

Notes to Editors:

Oriole Resources PLC is an AIM-listed exploration company, operating in Africa and Europe. It is focused on early-stage exploration in Cameroon and the more advanced Dalafin gold project in Senegal, where IAMGOLD has the option to spend US$8m to earn a 70% interest. The Company has a number of interests and royalties in companies operating throughout Africa and Turkey and is assessing new opportunities in both regions.

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 
                                                  Tim Livesey 
      ---------------------------------------  ------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------ 
 a)    Position/status                          Chief Executive Office 
      ---------------------------------------  ------------------------------------------- 
 b)    Initial notification                     Initial notification 
        /Amendment 
      ---------------------------------------  ------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------ 
 a)    Name                                     Oriole Resources PLC 
      ---------------------------------------  ------------------------------------------- 
 b)    LEI                                      213800X32GJR5AGAR511 
      ---------------------------------------  ------------------------------------------- 
 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 0.1 
        financial instrument,                    pence each in the capital of the 
        type of instrument                       Company 
 
       Identification code                      Ordinary share ISIN: GB00B0T29327 
 
 b)    Nature of the transaction                Grant of options over ordinary shares 
                                                 in the capital of the Company under 
                                                 the Company's EMI option scheme with 
                                                 an exercise price of 0.37p each 
      ---------------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                -------------------  ------------------- 
                                                 Price(s)             Volume(s) 
                                                -------------------  ------------------- 
                                                 0                    6,000,000 
                                                -------------------  ------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      n/a 
 
  - Price 
 
 e)    Date of the transaction                  18 March 2019 
      ---------------------------------------  ------------------------------------------- 
 f)    Place of the transaction                 Outside a trading venue 
      ---------------------------------------  ------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name 
                                                  Robert Smeeton 
      ---------------------------------------  ------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------ 
 a)    Position/status                          Chief Financial Officer 
      ---------------------------------------  ------------------------------------------- 
 b)    Initial notification                     Initial notification 
        /Amendment 
      ---------------------------------------  ------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------ 
 a)    Name                                     Oriole Resources PLC 
      ---------------------------------------  ------------------------------------------- 
 b)    LEI                                      213800X32GJR5AGAR511 
      ---------------------------------------  ------------------------------------------- 
 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 0.1 
        financial instrument,                    pence each in the capital of the 
        type of instrument                       Company 
 
       Identification code                      Ordinary share ISIN: GB00B0T29327 
 
 b)    Nature of the transaction                Grant of options over ordinary shares 
                                                 in the capital of the Company under 
                                                 the Company's EMI option scheme with 
                                                 an exercise price of 0.37p each 
      ---------------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                -------------------  ------------------- 
                                                 Price(s)             Volume(s) 
                                                -------------------  ------------------- 
                                                 0                    6,000,000 
                                                -------------------  ------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      n/a 
 
  - Price 
 
 e)    Date of the transaction                  18 March 2019 
      ---------------------------------------  ------------------------------------------- 
 f)    Place of the transaction                 Outside a trading venue 
      ---------------------------------------  ------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name 
                                                  Claire Bay 
      ---------------------------------------  --------------------------------------------- 
 2     Reason for the notification 
      -------------------------------------------------------------------------------------- 
 a)    Position/status                          Vice President Exploration and Business 
                                                 Development 
      ---------------------------------------  --------------------------------------------- 
 b)    Initial notification                     Initial notification 
        /Amendment 
      ---------------------------------------  --------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------------- 
 a)    Name                                     Oriole Resources PLC 
      ---------------------------------------  --------------------------------------------- 
 b)    LEI                                      213800X32GJR5AGAR511 
      ---------------------------------------  --------------------------------------------- 
 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 0.1 
        financial instrument,                    pence each in the capital of the 
        type of instrument                       Company 
 
       Identification code                      Ordinary share ISIN: GB00B0T29327 
 
 b)    Nature of the transaction                Grant of options over ordinary shares 
                                                 in the capital of the Company under 
                                                 the Company's EMI option scheme with 
                                                 an exercise price of 0.37p each 
      ---------------------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                --------------------  -------------------- 
                                                 Price(s)              Volume(s) 
                                                --------------------  -------------------- 
                                                 0                     3,500,000 
                                                --------------------  -------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      n/a 
 
  - Price 
 
 e)    Date of the transaction                  18 March 2019 
      ---------------------------------------  --------------------------------------------- 
 f)    Place of the transaction                 Outside a trading venue 
      ---------------------------------------  --------------------------------------------- 
 

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.

END

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March 19, 2019 03:01 ET (07:01 GMT)

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