Patagonia Gold PLC Grant of Options (7186Z)
December 19 2017 - 2:00AM
UK Regulatory
TIDMPGD
RNS Number : 7186Z
Patagonia Gold PLC
19 December 2017
Patagonia Gold Plc
("Patagonia Gold" or the "Company")
Grant of Share Options
Patagonia Gold Plc announces that it has granted options over,
in aggregate, 80,000,000 new ordinary shares of 1p each in the
Company ("Options") to Directors and other employees under the
Company's share option arrangements, as set out below.
The Options, which vest, one third on the first anniversary of
the date of grant, a further one third on the second anniversary of
the date of grant and the remaining one third on the third
anniversary of the date of grant, are exercisable (in whole or in
part) at any time up to the tenth anniversary of the date of grant
and are exercisable at a price of 1p per ordinary share.
The options issued to the Directors and PDMR's of the Company
are set out below:
Existing Options Granted Total Options
Options over ordinary
shares
----------------- -------------- ---------------- ---------------
Carlos Miguens 24,500,000(1) 5,000,000 29,500,000
----------------- -------------- ---------------- ---------------
Gonzalo Tanoira 3,719,000(1) 5,000,000 8,719,000
----------------- -------------- ---------------- ---------------
Manuel de Prado 750,000(1) 5,000,000 5,750,000
----------------- -------------- ---------------- ---------------
Christopher
van Tienhoven 10,000,000(2) 15,000,000 25,000,000
----------------- -------------- ---------------- ---------------
Cristian Lopez
Saubidet 7,000,000(1) 15,000,000 22,000,000
----------------- -------------- ---------------- ---------------
Matthew Boyes 5,000,000(1) 10,000,000 15,000,000
----------------- -------------- ---------------- ---------------
1 exercise prices between 7.875 and 22.75p
2 exercise price of 2.5p
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
Enquiries:
Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Plc
Tel: +54 11 5278 6950
Angela Hallett / Richard Tulloch
Strand Hanson Limited
Tel: +44 (0)20 7409 3494
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------
a) Name Carlos Miguens
--- ------------------------------- -------------------------------
2. Reason for the Notification
--- ----------------------------------------------------------------
a) Position/status Director of the Company
--- ------------------------------- -------------------------------
b) Initial notification/amendment Initial notification
--- ------------------------------- -------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- ----------------------------------------------------------------
a) Name Patagonia Gold Plc
--- ------------------------------- -------------------------------
b) LEI 213800CUO61FNURZ7N7
--- ------------------------------- -------------------------------
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 Ordinary shares of 1p each
Financial instrument, in the share capital of the
type of instrument Patagonia Gold Plc
--- ------------------------------- -------------------------------
Identification code GB0003049409
--- ------------------------------- -------------------------------
b) Nature of the Transaction Grant of options over ordinary
shares
--- ------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
1 pence 5,000,000
---------- ----------
--- ------------------------------- -------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume
Price
--- ------------------------------- -------------------------------
e) Date of the transaction 18 December 2017
--- ------------------------------- -------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------
a) Name Gonzalo Tanoira
--- ------------------------------- -------------------------------
2. Reason for the Notification
--- ----------------------------------------------------------------
a) Position/status Director of the Company
--- ------------------------------- -------------------------------
b) Initial notification/amendment Initial notification
--- ------------------------------- -------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- ----------------------------------------------------------------
a) Name Patagonia Gold Plc
--- ------------------------------- -------------------------------
b) LEI 213800CUO61FNURZ7N7
--- ------------------------------- -------------------------------
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 Ordinary shares of 1p each
Financial instrument, in the share capital of the
type of instrument Patagonia Gold Plc
--- ------------------------------- -------------------------------
Identification code GB0003049409
--- ------------------------------- -------------------------------
b) Nature of the Transaction Grant of options over ordinary
shares
--- ------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
1 pence 5,000,000
---------- ----------
--- ------------------------------- -------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume
Price
--- ------------------------------- -------------------------------
e) Date of the transaction 18 December 2017
--- ------------------------------- -------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------
a) Name Christopher van Tienhoven
--- ------------------------------- -------------------------------
2. Reason for the Notification
--- ----------------------------------------------------------------
a) Position/status Director of the Company
--- ------------------------------- -------------------------------
b) Initial notification/amendment Initial notification
--- ------------------------------- -------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- ----------------------------------------------------------------
a) Name Patagonia Gold Plc
--- ------------------------------- -------------------------------
b) LEI 213800CUO61FNURZ7N7
--- ------------------------------- -------------------------------
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 Ordinary shares of 1p each
Financial instrument, in the share capital of the
type of instrument Patagonia Gold Plc
--- ------------------------------- -------------------------------
Identification code GB0003049409
--- ------------------------------- -------------------------------
b) Nature of the Transaction Grant of options over ordinary
shares
--- ------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- -----------
1 pence 15,000,000
---------- -----------
--- ------------------------------- -------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume
Price
--- ------------------------------- -------------------------------
e) Date of the transaction 18 December 2017
--- ------------------------------- -------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------
a) Name Manuel de Prado
--- ------------------------------- -------------------------------
2. Reason for the Notification
--- ----------------------------------------------------------------
a) Position/status Director of the Company
--- ------------------------------- -------------------------------
b) Initial notification/amendment Initial notification
--- ------------------------------- -------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- ----------------------------------------------------------------
a) Name Patagonia Gold Plc
--- ------------------------------- -------------------------------
b) LEI 213800CUO61FNURZ7N7
--- ------------------------------- -------------------------------
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 Ordinary shares of 1p each
Financial instrument, in the share capital of the
type of instrument Patagonia Gold Plc
--- ------------------------------- -------------------------------
Identification code GB0003049409
--- ------------------------------- -------------------------------
b) Nature of the Transaction Grant of options over ordinary
shares
--- ------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
1 pence 5,000,000
---------- ----------
--- ------------------------------- -------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume
Price
--- ------------------------------- -------------------------------
e) Date of the transaction 18 December 2017
--- ------------------------------- -------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------
a) Name Cristian Lopez Saubidet
--- ------------------------------- -------------------------------
2. Reason for the Notification
--- ----------------------------------------------------------------
a) Position/status CFO
--- ------------------------------- -------------------------------
b) Initial notification/amendment Initial notification
--- ------------------------------- -------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- ----------------------------------------------------------------
a) Name Patagonia Gold Plc
--- ------------------------------- -------------------------------
b) LEI 213800CUO61FNURZ7N7
--- ------------------------------- -------------------------------
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 Ordinary shares of 1p each
Financial instrument, in the share capital of the
type of instrument Patagonia Gold Plc
--- ------------------------------- -------------------------------
Identification code GB0003049409
--- ------------------------------- -------------------------------
b) Nature of the Transaction Grant of options over ordinary
shares
--- ------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- -----------
1 pence 15,000,000
---------- -----------
--- ------------------------------- -------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume
Price
--- ------------------------------- -------------------------------
e) Date of the transaction 18 December 2017
--- ------------------------------- -------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------------
a) Name Matthew Boyes
--- ------------------------------- -------------------------------
2. Reason for the Notification
--- ----------------------------------------------------------------
a) Position/status COO
--- ------------------------------- -------------------------------
b) Initial notification/amendment Initial notification
--- ------------------------------- -------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- ----------------------------------------------------------------
a) Name Patagonia Gold Plc
--- ------------------------------- -------------------------------
b) LEI 213800CUO61FNURZ7N7
--- ------------------------------- -------------------------------
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 Ordinary shares of 1p each
Financial instrument, in the share capital of the
type of instrument Patagonia Gold Plc
--- ------------------------------- -------------------------------
Identification code GB0003049409
--- ------------------------------- -------------------------------
b) Nature of the Transaction Grant of options over ordinary
shares
--- ------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- -----------
1 pence 10,000,000
---------- -----------
--- ------------------------------- -------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume
Price
--- ------------------------------- -------------------------------
e) Date of the transaction 18 December 2017
--- ------------------------------- -------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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