Westmount Energy Limited 2017-2018 Options Term Extension (0194S)
01 Noviembre 2019 - 6:28AM
UK Regulatory
TIDMWTE
RNS Number : 0194S
Westmount Energy Limited
01 November 2019
1 November 2019
Westmount Energy Limited
("Westmount" or the "Company")
2017-2018 Options Term Extension
Westmount Energy Limited (AIM: WTE), the energy investment
company, announces that the expiry date of the Company's 2017-2018
options, due to expire on 31 December 2019, has been extended to 31
December 2021. The 2017-2018 options held by the directors are as
follows:
Director Share Options Exercise Price New Expiration
Date
Gerard Walsh 500,000 7.5p per share 31 December 2021
Dermot Corcoran 500,000 7.5p per share 31 December 2021
Tom O'Gorman 500,000 7.5p per share 31 December 2021
David King 250,000 7.5p per share 31 December 2021
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"). Ordinary Shares
issued as a result of any such exercise may be sold (subject to
applicable laws and AIM Rules) at any time including, but not
limited to, a takeover or change of control of the Company.
Following the above grants, the Directors total beneficial
interests in Ordinary Shares will be as follows:
Director Ordinary Shares Approx. % of Share Options
Share Capital
Gerard Walsh 11,933,565 10.9 1,000,000
Dermot Corcoran 5,250,000 4.8 1,000,000
Tom O'Gorman 4,650,000 4.2 750,000
David King - - 500,000
In addition to the above, Mr Walsh holds GBP400,000 principal of
10% p.a. convertible unsecured loan notes 2021 in the Company.
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
Template for 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 Gerard Walsh
--------------------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Chairman
--------------------------------------- ------------------------------------------
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 the Options over ordinary shares of no
financial instrument, par value
type of instrument
Identification code ISIN: GB00B0S5KR31
--------------------------------------- ------------------------------------------
b) Nature of the transaction Extension of option expiration date
--------------------------------------- ------------------------------------------
c) Price(s) and volume(s)
------------------- ------------------
Price(s) Volume(s)
------------------- ------------------
- 500,000
---------------------------------------------------------------- ------------------
d) Aggregated information
- Aggregated volume 500,000
- Price -
--------------------------------------- -----------------------------------------------
e) Date of the transaction 1 November 2019
--------------------------------------- ------------------------------------------
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 the Options over ordinary shares of no
financial instrument, par value
type of instrument
Identification code ISIN: GB00B0S5KR31
--------------------------------------- ------------------------------------------
b) Nature of the transaction Extension of option expiration date
--------------------------------------- ------------------------------------------
c) Price(s) and volume(s)
------------------- ------------------
Price(s) Volume(s)
------------------- ------------------
- 500,000
---------------------------------------------------------------- ------------------
d) Aggregated information
- Aggregated volume 500,000
- Price -
--------------------------------------- -----------------------------------------------
e) Date of the transaction 1 November 2019
--------------------------------------- ------------------------------------------
f) Place of the transaction Outside of trading venue
--------------------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Tom O'Gorman
--------------------------------------- ------------------------------------------
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 the Options over ordinary shares of no
financial instrument, par value
type of instrument
Identification code ISIN: GB00B0S5KR31
--------------------------------------- ------------------------------------------
b) Nature of the transaction Extension of option expiration date
--------------------------------------- ------------------------------------------
c) Price(s) and volume(s)
------------------- ------------------
Price(s) Volume(s)
------------------- ------------------
- 500,000
---------------------------------------------------------------- ------------------
d) Aggregated information
- Aggregated volume 250,000
- Price -
--------------------------------------- -----------------------------------------------
e) Date of the transaction 1 November 2019
--------------------------------------- ------------------------------------------
f) Place of the transaction Outside of trading venue
--------------------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name David King
--------------------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Non-Executive 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 the Options over ordinary shares of no
financial instrument, par value
type of instrument
Identification code ISIN: GB00B0S5KR31
--------------------------------------- ------------------------------------------
b) Nature of the transaction Extension of option expiration date
--------------------------------------- ------------------------------------------
c) Price(s) and volume(s)
------------------- ------------------
Price(s) Volume(s)
------------------- ------------------
- 250,000
---------------------------------------------------------------- ------------------
d) Aggregated information
- Aggregated volume 250,000
- Price -
--------------------------------------- -----------------------------------------------
e) Date of the transaction 1 November 2019
--------------------------------------- ------------------------------------------
f) Place of the transaction Outside of trading venue
--------------------------------------- ------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHUAUURKVAARAA
(END) Dow Jones Newswires
November 01, 2019 08:28 ET (12:28 GMT)
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