Business
Grant of Options to CEO and Director Shareholding
Grant of Options to CEO and Director Shareholding.
About this update from Empire Metals Limited
[{"type":"text","content":"\n \nRNS Number : 1395W Georgian Mining Corporation 30 July 2018 \n\n30 July 2018\nGeorgian Mining Corporation ('GEO or 'the Company')\nGrant of Options to CEO and Director Shareholding\n \nGeorgian Mining Corporation announces that the Remuneration Committee has agreed to issue options over a total of 2 million ordinary shares of no par value in the capital of the Company (\"Share Options\") to CEO, Mike Struthers. The Share Options will vest immediately and will expire on 26 July 2023. The exercise price of the options will be as follows:\n \n\n\n\nExercise price (£)\n\n\n0.14\n\n\n0.20\n\n\n\n\nNumber of options granted\n\n\n1,000,000\n\n\n1,000,000\n\n\n\n \nThe Share Options represent in aggregate 1.74% of the existing issued ordinary share capital of the Company. \n \nFollowing the grant of the Share Options, in aggregate there will be 8,550,000 ordinary shares of no par value of the Company under option to directors and employees of the Company, representing 7.45% of the existing issued ordinary share capital of the Company.\n \nThe grant of the Share Options described in this announcement is a related party transaction for the purposes of Rule 13 of the AIM Rules. Neil O'Brien, Gregory Kuenzel, Laurence Mutch and Peter Damouni, being independent directors of Georgian Mining for the purposes of AIM Rule 13, consider, having consulted with the Company's Nominated Adviser, SP Angel Corporate Finance LLP, that the terms of the related party transaction are fair and reasonable insofar as the shareholders of the Company are concerned.\n \nMarket Abuse Regulation (MAR) Disclosure\nCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.\nThe notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the directors' participation in the Placing.\nNOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM\n\n\n\n1. \n\n\nDetails of the person discharging managerial responsibilities/person closely associated\n\n\n\n\na)\n\n\nName:\n\n\nMichael Struthers\n\n\n\n\n2. ...