Bli medlem
Bli medlem

Du är här

2019-01-14

Beowulf: Award of Options

14 January 2019

Beowulf Mining Plc

("Beowulf" or the "Company")

Award of Options

Beowulf (AIM: BEM; Spotlight: BEO), the Nordic focused mineral
exploration and development company, announces that today options
have been granted over a total of 8,000,000 ordinary shares of 1
pence each in the capital of the Company ("Share Options"),
representing approximately 1.41% of the issued share capital of the
Company, to certain directors and a senior manager of the Company, as
outlined below:

+-----------+-----------+-------------------------+----------------------------+
| |Position |Number of Options Granted|Total number of Options held|
+-----------+-----------+-------------------------+----------------------------+
|Kurt Budge |Chief |3,500,000 |13,000,000 |
| |Executive | | |
| |Officer | | |
+-----------+-----------+-------------------------+----------------------------+
|Christopher|Non |2,500,000 |5,000,000 |
|Davies |-Executive | | |
| |Director | | |
+-----------+-----------+-------------------------+----------------------------+
|Rasmus |Exploration|2,000,000 |4,000,000 |
|Blomqvist |Manager | | |
+-----------+-----------+-------------------------+----------------------------+

In addition to the above, 1,250,000 Share Options have been granted to
certain other employees of the Company.

This award of the Share Options recognises the contribution made by
the directors and employees to the continued advancement of the
Company. Options were last awarded to Kurt Budge in July 2015, and to
Christopher Davies and Rasmus Blomqvist in January 2017.

The Share Options are exercisable at a price of 7.35 pence per share,
being a 30% premium to the closing mid-price of 5.65 pence per share
on 11 January 2019. The Share Options fully vest one year from the
date of grant or fully vest immediately if the individual leaves the
Company. The Share Options are valid for five years from the date of
grant.

Following the grant of Share Options, there will be 23,250,000
ordinary shares of 1 pence each of the Company under option to
directors and employees of the Company, representing 4.10% of the
existing issued ordinary share capital of the Company.

Kurt Budge and Christopher Davies are directors of Beowulf and Rasmus
Blomqvist is a director of a subsidiary of Beowulf, Oy Fennoscandian
Resources AB, and are therefore regarded as related parties as
defined by the AIM Rules for Companies (the "AIM Rules"). The grant
of Share Options to each of them is classified as a related party
transaction for the purposes of Rule 13 of the AIM Rules. Mr Göran
Färm, being the independent director for the purposes of Rule 13,
considers, having consulted with the Company's Nominated Adviser, SP
Angel Corporate Finance LLP, that the terms of the related party
transaction are fair and reasonable insofar as the shareholders of
the Company are concerned.

Enquiries:

Beowulf Mining plc

Kurt Budge, Chief Executive Officer Tel: +44 (0) 20 3771 6993

SP Angel

(Nominated Adviser & Broker)

Ewan Leggat / Soltan Tagiev Tel: +44 (0) 20 3470 0470

Blytheweigh

Tim Blythe / Megan Ray Tel: +44 (0) 20 7138 3204

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been
deemed inside information for the purposes of Article 7 of Regulation
(EU) No 596/2014 until the release of this announcement.

The notifications below, made in accordance with the requirements of
the EU Market Abuse Regulation, provide further detail on the
director's share dealing.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM

+-----+----------------------------------+---------+-----------+
|1. |Details of the person discharging |
| |managerial responsibilities / person |
| |closely associated |
+-----+----------------------------------+---------+-----------+
|a) |Name |Kurt Budge |
+-----+----------------------------------+---------+-----------+
|2. |Reason for the notification |
+-----+----------------------------------+---------+-----------+
|a) |Position/status |PDMR - Chief |
| | |Executive Officer |
+-----+----------------------------------+---------+-----------+
|b) |Initial notification /Amendment |Initial Notification |
+-----+----------------------------------+---------+-----------+
|3. |Details of the issuer, emission |
| |allowance market participant, auction |
| |platform, auctioneer or auction monitor |
+-----+----------------------------------+---------+-----------+
|a) |Name |Beowulf Mining plc |
+-----+----------------------------------+---------+-----------+
|b) |LEI |213800MV3XGAOASPT433 |
+-----+----------------------------------+---------+-----------+
|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 |Share options over |
| |instrument, type of |ordinary shares of 1p|
| |instrumentIdentification code |each GB0033163287 |
+-----+----------------------------------+---------+-----------+
|b) |Nature of the transaction |Award of share |
| | |options over ordinary|
| | |shares |
+-----+----------------------------------+---------+-----------+
|c) |Price(s) and volume(s) |Price(s) |Volume(s) |
+-----+----------------------------------+---------+-----------+
|7.35 |3,500,000 |
|pence| |
+-----+----------------------------------+---------+-----------+
|d) |Aggregated information- Aggregated|Not applicable |
| |volume- Price | |
+-----+----------------------------------+---------+-----------+
|e) |Date of the transaction |14 January 2019 |
+-----+----------------------------------+---------+-----------+
|f) |Place of the transaction |Outside a trading |
| | |venue |
+-----+----------------------------------+---------+-----------+

+-----+----------------------------------+---------+-----------+
|1. |Details of the person discharging |
| |managerial responsibilities / person |
| |closely associated |
+-----+----------------------------------+---------+-----------+
|a) |Name |Christopher Davies |
+-----+----------------------------------+---------+-----------+
|2. |Reason for the notification |
+-----+----------------------------------+---------+-----------+
|a) |Position/status |PDMR - Non-Executive |
| | |Director |
+-----+----------------------------------+---------+-----------+
|b) |Initial notification /Amendment |Initial Notification |
+-----+----------------------------------+---------+-----------+
|3. |Details of the issuer, emission |
| |allowance market participant, auction |
| |platform, auctioneer or auction monitor |
+-----+----------------------------------+---------+-----------+
|a) |Name |Beowulf Mining plc |
+-----+----------------------------------+---------+-----------+
|b) |LEI |213800MV3XGAOASPT433 |
+-----+----------------------------------+---------+-----------+
|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 |Share options over |
| |instrument, type of |ordinary shares of 1p|
| |instrumentIdentification code |each GB0033163287 |
+-----+----------------------------------+---------+-----------+
|b) |Nature of the transaction |Award of share |
| | |options over ordinary|
| | |shares |
+-----+----------------------------------+---------+-----------+
|c) |Price(s) and volume(s) |Price(s) |Volume(s) |
+-----+----------------------------------+---------+-----------+
|7.35 |2,500,000 |
|pence| |
+-----+----------------------------------+---------+-----------+
|d) |Aggregated information- Aggregated|Not applicable |
| |volume- Price | |
+-----+----------------------------------+---------+-----------+
|e) |Date of the transaction |14 January, 2019 |
+-----+----------------------------------+---------+-----------+
|f) |Place of the transaction |Outside a trading |
| | |venue |
+-----+----------------------------------+---------+-----------+

+-----+----------------------------------+---------+--------...

Författare Aktietorget

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.