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