Business
Award of Share Options
Award of Share Options.
About this update from Landore Resources Limited
[{"type":"text","content":"\n \nRNS Number : 1440A Landore Resources Limited 22 December 2017 \n\n \n \nLANDORE RESOURCES LIMITED\n(\"Landore Resources\" or \"the Company\")\n(AIM Ticker: LND.L)\n \n \nAward of Share Options\n \n \nLondon, United Kingdom - December 22, 2017 - Landore Resources Limited (AIM:LND) (\"Landore Resources\" or \"the Company\") announces that a total of 5 million options over ordinary shares of no par value in the Company (the \"New Share Options\") (\"Ordinary Shares\") have been awarded to William Humphries, the Company's Chief Executive Officer. The award follows a highly successful year for Landore Resources including the updated Mineral Resource estimate for the BAM East Gold Deposit as announced on 11 December 2017.\n \nThe exercise price of the New Share Options is 2.2 pence, being a 10 per cent. premium to the price at which the Company completed its recent subscription as announced on 19 October 2017 and a 8.9 per cent. premium to the mid-market closing price of Company's Ordinary Shares on 21 December 2017. The New Share Options are not subject to any performance conditions and will expire 5 years from the date of the award.\n \nFollowing the award of the New Share Options, there are currently 73,350,000 options over Ordinary Shares (\"Share Options\") outstanding. A summary of the Share Options held by the William Humphries is set out below:\n \n\n\n\n\n\n\n\nNo. of Share Options granted\n\n\nDate Share Options awarded\n\n\nDate Share Options expire\n\n\nExercise price (p) \n\n\n\n\nWilliam Humphries\n\n\n1,000,000\n\n\n28 October 2009\n\n\n28 October 2019\n\n\n14.0\n\n\n\n\n\n\n\n4,500,000\n\n\n1 July 2013\n\n\n1 July 2018\n\n\n5.0\n\n\n\n\n\n\n\n5,000,000\n\n\n25 November 2013\n\n\n25 November 2018\n\n\n2.5\n\n\n\n\n\n\n\n4,500,000\n\n\n21 July 2014\n\n\n21 July 2019\n\n\n3.5\n\n\n\n\n\n\n\n10,000,000\n\n\n5 July 2017\n\n\n4 July 2022\n\n\n3.2\n\n\n\n\n\n\n\n5,000,000\n\n\n22 December 2017\n\n\n21 December 2022\n\n\n2.2\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nPDMR Notification Forms:\nThe notifications below are made in accordance with the requirements of Market Abuse Regulation: \n\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\nWilliam Humphries\n\n\n\n\n2.\n\n\nReason fo...