 | | | Published : June 27th, 2016 | Award of Share Options |
|
|
Article
|
Comments
|
Comment this article
|
Rating
|
♥
Follow Company
|
|
| Award of Share Options | |
| | |
|
RNS Number : 0173C
Landore Resources Limited
23 June 2016
23 June 2016
LANDORE RESOURCES LIMITED
("Landore Resources" or the "Company")
Award of Share Options
Landore Resources (AIM: LND) announces that, on 22 June 2016, a total of 20,750,000 options over ordinary shares of no par value in the Company (the "New Share Options") ("Ordinary Shares") were awarded to the Directors and certain other members of the Company's management.
The exercise price of the New Share Options is 1.80 pence per New Share Option, which is equivalent to the mid-market closing price of the Ordinary Shares on 22 June 2016. The New Share Options are not subject to any performance conditions and will expire 5 years from the date of award.
Details of the New Share Options awarded are set out below:
|
Name
|
No. of New Share Options
|
Exercise price (p)
|
Date of expiry
|
|
William Humphries
|
7,000,000
|
1.80
|
22 June 2021
|
|
Richard Prickett
|
6,000,000
|
1.80
|
22 June 2021
|
|
Michele Tuomi
|
6,000,000
|
1.80
|
22 June 2021
|
|
Charles Wilkinson
|
500,000
|
1.80
|
22 June 2021
|
|
Helen Green
|
500,000
|
1.80
|
22 June 2021
|
|
Others
|
750,000
|
1.80
|
22 June 2021
|
The New Share Options are partial compensation for the Directors and senior management whose remuneration was significantly reduced in order to secure the Company's ability to survive in very challenging market conditions and whose loyalty was justified by the significant gold discovery at Junior Lake, as announced on 4 April 2016.
Commenting on today's announcement, Charles Wilkinson, Non-Executive Chairman of Landore Resources, said:
"For the past two years the Directors, Management and staff have all contributed over and above normal expectations to ensure the Company's survival and continued progress in the difficult times experienced throughout the mining industry. The award of the New Share Options is recognition of their significant commitment and perseverance which resulted in the recently announced gold discovery at Junior Lake."
Following the award of the New Share Options, there are currently 65,850,000 options over Ordinary Shares ("Share Options"). A summary of the Share Options held by the Directors and management are set out below:
|
|
No. of Share Options granted
|
Date Share Options awarded
|
Date Share Options expire
|
Exercise price (p)
|
|
William Humphries
|
1,000,000
|
28 October 2009
|
28 October 2019
|
14.0
|
|
|
4,000,000
|
6 July 2011
|
06 July 2016
|
16.1
|
|
|
1,000,000
|
20 March 2012
|
20 March 2017
|
7.9
|
|
|
1,500,000
|
26 September 2012
|
26 September 2017
|
7.4
|
|
|
4,500,000
|
1 July 2013
|
1 July 2018
|
5.0
|
|
|
5,000,000
|
25 November 2013
|
25 November 2018
|
2.5
|
|
|
4,500,000
|
21 July 2014
|
21 July 2019
|
3.5
|
|
|
7,000,000
|
22 June 2016
|
22 June 2021
|
1.8
|
|
|
|
|
|
|
|
Richard Prickett
|
2,500,000
|
6 July 2011
|
6 July 2016
|
16.1
|
|
|
1,000,000
|
20 March 2012
|
20 March 2017
|
7.9
|
|
|
1,500,000
|
26 September 2012
|
26 September 2017
|
7.4
|
|
|
2,000,000
|
1 July 2013
|
1 July 2018
|
5.0
|
|
|
3,000,000
|
25 November 2013
|
25 November 2018
|
2.5
|
|
|
2,500,000
|
21 July 2014
|
21 July 2019
|
3.5
|
|
|
6,000,000
|
22 June 2016
|
22 June 2021
|
1.8
|
|
|
|
|
|
|
|
Michele Tuomi
|
400,000
|
6 July 2011
|
6 July 2016
|
16.1
|
|
|
500,000
|
20 March 2012
|
20 March 2017
|
7.9
|
|
|
500,000
|
4 July 2012
|
4 July 2017
|
6.5
|
|
|
400,000
|
26 September 2012
|
26 September 2017
|
7.4
|
|
|
1,000,000
|
25 November 2013
|
25 November 2018
|
2.5
|
|
|
500,000
|
21 March 2014
|
21 March 2019
|
2.2
|
|
|
1,500,000
|
21 July 2014
|
21 July 2019
|
3.5
|
|
|
6,000,000
|
22 June 2016
|
22 June 2021
|
1.8
|
|
|
|
|
|
|
|
Charles Wilkinson
|
250,000
|
6 July 2011
|
6 July 2016
|
16.1
|
|
|
250,000
|
26 September 2012
|
26 September 2017
|
7.4
|
|
|
500,000
|
1 July 2013
|
1 July 2018
|
5.0
|
|
|
250,000
|
25 November 2013
|
25 November 2018
|
2.5
|
|
|
250,000
|
21 July 2014
|
21 July 2019
|
3.5
|
|
|
500,000
|
22 June 2016
|
22 June 2021
|
1.8
|
|
|
|
|
|
|
|
Helen Green
|
250,000
|
6 July 2011
|
6 July 2016
|
16.1
|
|
|
250,000
|
26 September 2012
|
26 September 2017
|
7.4
|
|
|
250,000
|
25 November 2013
|
25 November 2018
|
2.5
|
|
|
250,000
|
21 July 2014
|
21 July 2019
|
3.5
|
|
|
500,000
|
22 June 2016
|
22 June 2021
|
1.8
|
**ENDS**
Enquiries:
Bill Humphries/Richard Prickett
Landore Resources Limited
M: +44(0)7734 681262
M: +44(0)7775 651421
James Spinney/Jack Botros
Strand Hanson Limited
Nominated Adviser and Broker
Tel: +44(0)20 7409 3494
This information is provided by RNS
The company news service from the London Stock Exchange
ENDDSHAKBDPOBKDOAB
|
|
|
|
Landore Resources Inc.
|
|
EXPLORATION STAGE |
|
CODE : LND.L |
|
ISIN : GB00B06VJ325 |
|
|
| |
ProfileMarket
IndicatorsVALUE :
Projects & res.Press
releasesAnnual
reportRISK :
Asset profileContact Cpy |
Landore Res. is a nickel and palladium exploration company based in Canada. Landore Res. holds various exploration projects in Canada. Its main exploration properties are CIMARRON, VINDICATOR and SPRUCE MOUNTAIN in USA and LESSARD, SEELEY LAKE, ROOT LAKE, MOUNT FRONSAC, HIHO, CHARLEY, CHEM, IOWA HIGH, WILDHORSE CANYON, MIMINISKA LAKE, JUNIOR LAKE and WEST GRAHAM in Canada. Landore Res. is listed in United Kingdom. Its market capitalisation is GBX 2.2 billions as of today (US$ 2.6 billions, € 2.4 billions). Its stock quote reached its lowest recent point on April 08, 2016 at GBX 0.20, and its highest recent level on September 19, 2023 at GBX 9.98. Landore Res. has 835 915 779 shares outstanding. |
| Project news of Landore Resources Inc. |
| Corporate news of Landore Resources Inc. |
|
|