Westmount Energy Limited Grant of Options (0190B)
January 04 2018 - 10:25AM
UK Regulatory
TIDMWTE
RNS Number : 0190B
Westmount Energy Limited
04 January 2018
4 January 2018
Westmount Energy Limited
("Westmount" or the "Company")
Grant of Options
Westmount Energy Limited (AIM: WTE), the energy investment
company, is pleased to announce the grant of options over nil par
value ordinary shares in the Company ("Share Options") to the
following member of the Westmount Board:
Director No. of Share Exercise Price Expiration
Options granted Date
Dermot Corcoran 500,000 7.5 pence 31 December
per share 2019
Subject to Mr Corcoran's continued directorship, the Share
Options may, at any time before expiry, be exercised in whole or in
multiples of not less than 5,000 nil par value ordinary shares in
the Company ("Ordinary Shares"). However, no Ordinary Share issued
as a result of any such exercise shall normally be sold before 31
December 2018 (except if certain conditions are met, including a
takeover or change of control of the Company).
Following the above grants, Mr Corcoran has a beneficial
interest in 4,500,000 Ordinary Shares, representing approximately
11.0 per cent of the Company's issued share capital, and 500,000
Share Options.
For further information, please contact:
Westmount Energy Limited www.westmountenergy.com
David King, Director Tel: +44 (0) 1534 823133
Jane Vlahopoulou
Cenkos Securities plc (Nomad and Broker)
Nicholas Wells Tel: +44 (0) 20 7397 8900
Elizabeth Bowman
ANNEX
Template for notification and publication 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 Dermot Corcoran
---- ------------------------------ ---------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------
a) Position/status Director
---- ------------------------------ ---------------------------------
b) Initial notification Initial notification
/Amendment
---- ------------------------------ ---------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -----------------------------------------------------------------
a) Name Westmount Energy Limited
---- ------------------------------ ---------------------------------
b) LEI 213800GJISWVBB5S3L84
---- ------------------------------ ---------------------------------
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 Options over nil par value
the financial ordinary shares
instrument, type
of instrument
----
Identification ISIN: GB00B0S5KR31
code
b) Nature of the Grant of options
transaction
---- ------------------------------ ---------------------------------
c) Price(s) and volume(s)
---- -------------- --------------
Price(s) Volume(s)
---- -------------- --------------
- 500,000
-------------------------------------------------- --------------
d) Aggregated information N/A
----
- Aggregated volume
- Price
e) Date of the transaction 4 January 2018
---- ------------------------------ ---------------------------------
f) Place of the transaction Outside trading venue
---- ------------------------------ ---------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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