Great Western Mining Corp. plc Issue of Share Options (2378V)
26 January 2017 - 2:29PM
UK Regulatory
TIDMGWMO
RNS Number : 2378V
Great Western Mining Corp. plc
26 January 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 24 million share options to Directors, 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 26 January, 2017 (the
"Award Date").
The Exercise Price is Sterling 0.5 pence per share, representing
a premium of 15% over the closing price on 25 January, 2017. The
options are for seven years and will vest 33.3% on the first,
second and third anniversary of the grant of award. This is the
first award of options that the Company has made under the 2014
scheme, and represents the total number of options outstanding to
Directors.
Share options issued to Directors:
Brian Hall 4,000,000
David Fraser 8,000,000
Melvyn Quiller 6,000,000
Robert O'Connell 6,000,000
Great Western Mining currently has 389,823,809 ordinary shares
of EUR0.0001 in issue.
ENQUIRIES:
Great Western Mining +44 207 933 8795 (via Walbrook)
Corporation Plc
David Fraser, Chief
Executive
Davy (Nomad, ESM +353 1 679 6363
Adviser & Joint john.frain@davy.ie
Broker) roland.french@davy.ie
John Frain
Roland French
Beaufort Securities
Ltd (Joint Broker)
Jon Belliss
Elliot Hance +44 207 382 8300
Walbrook PR (UK +44 207 933 8795
PR and IR) greatwesternmining@walbrookpr.com
Paul Cornelius
Gary Middelton
Nick Rom
This information is provided by RNS
The company news service from the London Stock Exchange
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January 26, 2017 09:29 ET (14:29 GMT)