Business
Equity and options issue, Directors' dealings, TVR
Equity and options issue, Directors' dealings, TVR.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \nRNS Number : 0023A Ariana Resources PLC 21 December 2017 \n\n \n \n21 December 2017 \nAIM: AAU\n \n \nISSUE OF EQUITY and OPTIONS\n \nDIRECTORS' DEALINGS\n \nTOTAL VOTING RIGHTS\n \n \nAriana Resources plc (\"Ariana\" or the \"Company\"), the exploration and development company operating in Turkey, announces that on 18 December 2017, the Board of Directors, on the recommendation of the Remuneration Committee, approved the issue of shares to the Directors in accordance with the Company's bonus policy together with the award of options both to Directors and certain members of staff.\n \n \nDirectors' Bonus Shares \n \nA bonus is being awarded to the Directors in recognition of their dedication and commitment, over many years, towards achieving commercial production from the Kiziltepe Mine. This bonus is being split amongst the four Directors in proportion to their fees, and is being paid as one third in cash and two thirds in new ordinary shares (\"Bonus Shares\") at the issue price of 1.25 pence per share, such price being fixed by reference to the 30 day VWAP as at the date of the Remuneration Committee. A total of 8,040,000 Bonus Shares are being issued representing 0.76% of the Company's existing issued share capital (\"ISC\").\n \nGrant of Share Options\n \n64,000,000 new 5 year options (6.08% of the ISC) vesting from 1 January 2018 over three years at 1.55 pence per share - such price being based on an approximately 25% premium to VWAP after consideration by the Remuneration Committee are being granted: 44,000,000 options (4.18% of the ISC) to Directors, and 20,000,000 new options (1.90% of the ISC) to other employees (\"New Scheme\"). \n \nFurther to the issue of the Bonus Shares and options under the New Scheme, Directors' holdings are as follows:\n \n\n\n\n\nName \n\n\nNumber of Bonus Shares awarded\n\n\nNumber of options granted\n\n\nTotal shareholding\n\n\n% of issued share capital\n\n\n% of enlarged share capital\n\n\n\n\nKerim Sener\n\n\n3,752,000\n\n\n19,000,000\n\n\n18,104,252\n\n\n1.72%\n\n\n1.71%\n\n\n\n\nMichael de Villiers\n \n\n\n2,680,000\n\n\n17,000,000\n\n\n36,680,000\n\n\n3.49%\n\n\n3.46%\n\n\n\n\nWilliam Payne \n \n\n\n804,000\n\n\n4,000,000\n\n\n7,894,314\n\n\n0.75%\n\n\n0.74%\n\n\n\n\nC...