Westmount Energy Limited Exercise of Warrants & Director/PDMR Shareholding (8187M)
May 02 2018 - 2:00AM
UK Regulatory
TIDMWTE
RNS Number : 8187M
Westmount Energy Limited
02 May 2018
WESTMOUNT ENERGY LIMITED
("Westmount" or the "Company")
Exercise of Warrants and Director/PDMR Shareholding
The Company announces that, following an exercise of warrants,
at an exercise price of 7.5p, application has been made for
2,092,205 ordinary shares of no par value in the capital of the
Company ("New Ordinary Shares") to be admitted to trading on AIM.
The New Ordinary Shares will rank pari-passu with existing ordinary
shares and it is expected that admission will occur at 8.00 a.m. on
or around 8 May 2018.
As part of the above warrant exercise, a total of 1,525,000
warrants have been exercised by certain directors, the details of
which are as follows:
Director Existing New Ordinary Resultant Percentage
Ordinary Shares Ordinary of enlarged
Shares received Shares issued
held held share capital
Gerry Walsh 4,650,000 775,000 5,425,000 12.1%
Dermot Corcoran 4,500,000 750,000 5,250,000 11.7%
Following admission of the New Ordinary Shares, the Company's
issued ordinary share capital will comprise 44,825,520 ordinary
shares, of which none are held in treasury. Therefore, the total
number of ordinary shares with voting rights in Westmount following
Admission will be 44,825,520, which may be used by shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in the Company under the FCA's Disclosure Guidance
and Transparency Rules.
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
Harry Hargreaves
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ---------------------------------------------------------------------
a) Name Gerry Walsh
---- ------------------------------ -------------------------------------
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 Warrants over Nil Par Value
the financial Ordinary Shares in the Company
instrument, type
of instrument
----
Identification ISIN: GB00B0S5KR31
code
b) Nature of the Exercise of warrants
transaction
---- ------------------------------ -------------------------------------
c) Price(s) and volume(s)
---- ---------------- ----------------
Price(s) Volume(s)
---- ---------------- ----------------
7.5p 775,000
---------------- ----------------
d) Aggregated information
----
- Aggregated volume 775,000
- Price GBP58,125.00
e) Date of the transaction 30 April 2018
---- ------------------------------ -------------------------------------
f) Place of the transaction Outside of trading venue
---- ------------------------------ -------------------------------------
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 Warrants over Nil Par Value
the financial Ordinary Shares in the Company
instrument, type
of instrument
----
Identification ISIN: GB00B0S5KR31
code
b) Nature of the Exercise of warrants
transaction
---- ------------------------------ -------------------------------------
c) Price(s) and volume(s)
---- ---------------- ----------------
Price(s) Volume(s)
---- ---------------- ----------------
7.5p 750,000
---------------- ----------------
d) Aggregated information
----
- Aggregated volume 750,000
- Price GBP56,250.00
e) Date of the transaction 1 May 2018
---- ------------------------------ -------------------------------------
f) Place of the transaction Outside of trading venue
---- ------------------------------ -------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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