Business
Grant of Options
Grant of Options.
About this update from Ormonde Mining Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8848S\n Ormonde Mining PLC\n 19 November 2021\n \n \n \n \n 19 November 2021\n \n \n Ormonde Mining plc\n \n \n (\"Or\n m\n onde\" or \"the Company\")\n \n \n \n \n \n Grant of Options\n \n \n \n \n \n Ormonde announces that the Directors of the Company have, for the time being, elected to waive their entitlement to directors' fees and to grant share options to certain directors and employees \n in accordance with the rules of Ormonde's Share Option Plan, which was approved by shareholders on 27 September 2018. The decision on \n Directors' fees will be reviewed in line with future developments in the Company's strategy.\n \n \n \n \n \n Accordingly, on 18 November 2021, the Company granted share options (\"Options\") over 9,150,000 ordinary shares in the capital of the Company (\"Ordinary Shares\") to directors and employees of the Company. The exercise price for each option is Euro 0.011, this being a premium of 10% over the closing share price of an Ordinary Share on the Euronext Growth Market of Euronext Dublin on the day prior to award of the Options, being 17 November 2021. \n The Options have a 10-year duration and will vest in two equal instalments, on issuance, and on the first anniversary of that date.\n \n \n \n \n \n Ormonde has 472,507,482 ordinary shares of Euro 0.01 in issue. \n Details of the Director option awards are as follows:\n \n \n \n \n \n \n \n \n DIRECTOR\n \n \n Options granted on\n 18 November 2021\n \n \n Total Options held following grant\n \n \n \n \n \n Brian Timmons\n \n \n \n \n 3,000,000\n \n \n \n \n 3,000,000\n \n \n \n \n \n \n Brendan McMorrow\n \n \n \n \n 2,500,000\n \n \n \n \n 2,500,000\n \n \n \n \n \n \n Keith O'Donnell\n \n \n \n \n 2,500,000\n \n \n \n \n 2,500,000\n \n \n \n \n \n \n PDMR Dealings\n \n The notification of dealing forms for each Director can be found below. This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.\n \n \n Enquiries:\n \n \n \n \n Ormonde Mining plc\n Brian Timmons - Chairman \n Tel: +353 (0)1 8014184\n \n \n Vigo\n \n Consulting \n \n \n \n Ben Simons / Charlie Neish\n \n \n Tel: +44 (0)20 7390 0234\n \n \n \n \n Davy (Nomad, Euronext Growth Advisor and Joint Broker)\n John Frain / Barry Murphy...