22 July 2022
Landore Resources Limited
("Landore Resources" or the "Company")
Award of Options
Landore Resources Limited (AIM: LND) announces that on 22 July 2022 the Company issued a total of 1,150,000 options over new ordinary shares (the "Options") to certain Directors and employees of the Company, equating to 1% of the current issued share capital. The Options have an exercise price of 25 pence, being a 38% premium to the closing market price on 21 July 2022 and can be exercised for a period of five years from the date of grant.
Further details of the Options granted to Directors and PDMRs are set out below.
For more information, please contact:
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Landore Resources Limited |
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Bill Humphries, Chief Executive Officer |
Tel: 07734 681262 |
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Glenn Featherby, Finance Director |
Tel: 07730 420318 |
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www.landore.com |
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Cenkos Securities plc (Nominated Adviser and Broker) |
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Derrick Lee / Pete Lynch |
Tel: 0131 220 9771 |
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name: |
William Humphries |
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2. |
Reason for the notification |
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a) |
Position/status: |
Chief Executive Officer |
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b) |
Initial notification/Amendment: |
Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name: |
Landore Resources Limited |
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b) |
LEI: |
21380019CJ5T1PNY3Q69 |
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4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument:
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Options over Ordinary Shares of no par value in Landore Resources Limited GG00BMX4VR69 |
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b) |
Nature of the transaction: |
Award of Options exercisable at a price of 25 pence for a period of five years from the date of grant |
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c) |
Price(s) and volume(s): |
Price |
Volume |
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25p |
500,000 |
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d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above 500,000 25p |
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e) |
Date of the transaction: |
22 July 2022 |
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f) |
Place of the transaction: |
Outside a trading venue |
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name: |
Glenn Featherby |
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2. |
Reason for the notification |
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a) |
Position/status: |
Finance Director |
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b) |
Initial notification/Amendment: |
Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name: |
Landore Resources Limited |
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b) |
LEI: |
21380019CJ5T1PNY3Q69 |
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4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||
|
a) |
Description of the financial instrument, type of instrument:
|
Options over Ordinary Shares of no par value in Landore Resources Limited GG00BMX4VR69 |
|||
|
b) |
Nature of the transaction: |
Award of Options exercisable at a price of 25 pence for a period of five years from the date of grant |
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c) |
Price(s) and volume(s): |
Price |
Volume |
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|
25p |
250,000 |
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d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above 250,000 25p |
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e) |
Date of the transaction: |
22 July 2022 |
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f) |
Place of the transaction: |
Outside a trading venue |
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name: |
Charles Wilkinson |
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2. |
Reason for the notification |
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a) |
Position/status: |
Non-executive Chairman |
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b) |
Initial notification/Amendment: |
Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name: |
Landore Resources Limited |
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b) |
LEI: |
21380019CJ5T1PNY3Q69 |
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4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||
|
a) |
Description of the financial instrument, type of instrument:
|
Options over Ordinary Shares of no par value in Landore Resources Limited GG00BMX4VR69 |
|||
|
b) |
Nature of the transaction: |
Award of Options exercisable at a price of 25 pence for a period of five years from the date of grant |
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|
c) |
Price(s) and volume(s): |
Price |
Volume |
||
|
25p |
50,000 |
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|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above 50,000 25p |
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e) |
Date of the transaction: |
22 July 2022 |
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f) |
Place of the transaction: |
Outside a trading venue |
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name: |
Helen Green |
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2. |
Reason for the notification |
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a) |
Position/status: |
Non-executive Director |
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b) |
Initial notification/Amendment: |
Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||
|
a) |
Name: |
Landore Resources Limited |
|||
|
b) |
LEI: |
21380019CJ5T1PNY3Q69 |
|||
|
4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||
|
a) |
Description of the financial instrument, type of instrument:
|
Options over Ordinary Shares of no par value in Landore Resources Limited GG00BMX4VR69 |
|||
|
b) |
Nature of the transaction: |
Award of Options exercisable at a price of 25 pence for a period of five years from the date of grant |
|||
|
c) |
Price(s) and volume(s): |
Price |
Volume |
||
|
25p |
50,000 |
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above 50,000 25p |
|||
|
e) |
Date of the transaction: |
22 July 2022 |
|||
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f) |
Place of the transaction: |
Outside a trading venue |
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name: |
Huw Salter |
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2. |
Reason for the notification |
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a) |
Position/status: |
Non-Executive Director |
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b) |
Initial notification/Amendment: |
Initial Notification |
|||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||
|
a) |
Name: |
Landore Resources Limited |
|||
|
b) |
LEI: |
21380019CJ5T1PNY3Q69 |
|||
|
4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||||
|
a) |
Description of the financial instrument, type of instrument:
|
Options over Ordinary Shares of no par value in Landore Resources Limited GG00BMX4VR69 |
|||
|
b) |
Nature of the transaction: |
Award of Options exercisable at a price of 25 pence for a period of five years from the date of grant |
|||
|
c) |
Price(s) and volume(s): |
Price |
Volume |
||
|
25p |
50,000 |
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above 50,000 25p |
|||
|
e) |
Date of the transaction: |
22 July 2022 |
|||
|
f) |
Place of the transaction: |
Outside a trading venue |
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name: |
Michele Tuomi |
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2. |
Reason for the notification |
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a) |
Position/status: |
Exploration Manager |
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b) |
Initial notification/Amendment: |
Initial Notification |
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|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
a) |
Name: |
Landore Resources Limited |
|
|
b) |
LEI: |
21380019CJ5T1PNY3Q69 |
|
|
4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
||
|
a) |
Description of the financial instrument, type of instrument:
|
Options over Ordinary Shares of no par value in Landore Resources Limited GG00BMX4VR69 |
|
|
b) |
Nature of the transaction: |
Award of Options exercisable at a price of 25 pence for a period of five years from the date of grant |
|
|
c) |
Price(s) and volume(s): |
Price |
Volume |
|
25p |
250,000 |
||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above 250,000 25p |
|
|
e) |
Date of the transaction: |
22 July 2022 |
|
|
f) |
Place of the transaction: |
Outside a trading venue |
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