Business
Grant of Options
Grant of Options.
About this update from Kodal Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 4579E Kodal Minerals PLC 08 May 2017 \n\n \nKodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining\n \n8 May 2017\nKodal Minerals plc ('Kodal Minerals' or 'the Company')\n \nGrant of share options\n \nKodal Minerals, the mineral exploration and development company focussed on West Africa, announces that it has granted share options to directors and certain key personnel in order to incentivise them and align their interests with shareholders of the Company. Options over a total of 145 million ordinary shares have been granted, including 50 million options to each of the executive directors, Bernard Aylward and Luke Bryan, and 25 million options to the Chairman, Rob Wooldridge. All the options are exercisable at a price of 0.38 pence per share, being the same price as the recently announced second investment by Suay Chin International Pte Ltd. and have a life of 5 years from vesting. 50 per cent. of the options will vest immediately, with a further 25 per cent. vesting in one year and the remaining 25 per cent. vesting in two years' time. \n \n \n**ENDS**\n \nFor further information, please visit www.kodalminerals.com or contact the following:\n \n\n\n\n\nKodal Minerals plc\nBernard Aylward, CEO \n\n\n \nTel: +61 418 943 345\n \n\n\n\n\nAllenby Capital Limited, AIM Nominated Adviser\nJeremy Porter/Nick Harriss/Liz Kirchner\n \n\n\n \nTel: 020 3328 5656\n\n\n\n\nSP Angel Corporate Finance LLP, Financial Adviser & Broker\nJohn Mackay/Laura Harrison\n \n\n\n \nTel: 020 3470 0470\n\n\n\n\nSt Brides Partners Ltd, Financial PR\nLottie Brocklehurst/Megan Dennison\n \n\n\n \nTel: 020 7236 1177\n\n\n\n\n \nNotification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:\n\n\n\n\n1\n \n\n\nDetails of the person discharging managerial responsibilities / person closely associated\n \n\n\n\n\na)\n \n\n\nName\n\n\nBernard Aylward\n\n\n\n\n2\n \n\n\nReason for the notification\n \n\n\n\n\na)\n \n\n\nPosition/status\n \n\n\nCEO\n\n\n\n\nb)\n \n\n\nInitial notification /Amendment\n \n\n\nInitial notification\n\n\n\n\n3\n \n\n\nDetails of the issuer, emission allowance market participant, auc...