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ORIOLE RESOURCES PLC Remuneration Information 2020
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 5967J
Oriole Resources PLC
23 December 2020
Oriole Resources PLC
('Oriole Resources' or 'the Company' or 'the Group')
Issue of Share Options
Oriole Resources, the AIM-quoted exploration company operating in Africa and Europe, announces that the Company's remuneration committee, comprising independent Non-Executive Directors John McGloin and David Pelham, has granted options to the Company's Chief Executive Officer, Tim Livesey, its Chief Financial Officer, Bob Smeeton and to members of the management team.
Further Details
Options over 16,350,000 Ordinary Shares in the Company ('the Options') have been granted to the Company's Executive Directors and management team. The Company's independent remuneration committee has made this award in order to compensate the team for its dedication and reduced pay during the initial COVID-19 lock down earlier this year. The Options have an exercise price of 0.37 pence, equal to the 14-day Volume Weighted Average Share Price as at close on 21 December 2020. The Options are not subject to performance conditions, will vest over a three-year period and will expire after 10 years. In aggregate this award of Options is equivalent to 1.1% of the current issued share capital of the Company.
Following the awards, the Company has 86,752,912 options and 323,230,292 warrants in issue, representing 5.9% and 22.1% of the issued Ordinary Share Capital respectively.
Following the award of these options, the interests in the Ordinary Share Capital of the Company of the Executive Directors and other Persons Discharging Managerial Responsibility are as follows:
| New options issued | Total unexercised options held following issue | Total unexercised warrants held following issue | Shares held | |
| Tim Livesey | 6,000,000 | 36,715,234 | 735,294 | 7,785,857 |
| Bob Smeeton | 6,000,000 | 29,119,246 | 735,294 | 5,042,915 |
| Claire Bay | 3,000,000 | 6,880,000 | - | 294,804 |
Options were also issued to Abdoul Mbodji, the Company's Exploration Manager for Cameroon.
Further details on the exercise are included in the notification below, made in accordance with the requirements of the EU Market Abuse Regulations.
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. Following the publication of this announcement, this inside information is now considered to be in the public domain.
** ENDS **
For further information please visit www.orioleresources.com, @OrioleResources on Twitter, or contact:
| Oriole Resources PLC Bob Smeeton / Tim Livesey / Claire Bay |
Tel: +44 (0)20 7830 9650 |
| Blytheweigh (IR/PR contact) Tim Blythe / Megan Ray / Rachael Brooks |
Tel: +44 (0)20 7138 3204 |
| Grant Thornton UK LLP Samantha Harrison / Seamus Fricker |
Tel: +44 (0)20 7383 5100 |
| Shard Capital Partners LLP Damon Heath / Erik Woolgar / Isabella Pierre |
Tel: +44 (0)20 186 9900 |
Notes to Editors:
Oriole Resources PLC is an AIM-listed exploration company, operating West Africa. It is focused on early-stage exploration in Cameroon (Bibemi and Wapouzé projects) and the more advanced Senala gold project in Senegal, where IAMGOLD has the option to spend US$8 million to earn a 70% interest. Year two commitments have been met at all three projects. The Company has several interests and royalties in companies operating throughout Africa and Turkey that could deliver future cash flow, and it continues to assess new opportunities in both regions.
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 | Tim Livesey | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Executive Office | |||
| b) | Initial notification /Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Oriole Resources PLC | |||
| b) | LEI | 213800X32GJR5AGAR511 | |||
| 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 instrument, type of instrument | Options over ordinary shares of 0.1 pence each in the capital of the Company | |||
| Identification code | Ordinary share ISIN: GB00B0T29327 | ||||
| b) | Nature of the transaction | Grant of options over ordinary shares in the capital of the Company under the Company's EMI option scheme with an exercise price of 0.37p each | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| 0 | 6,000,000 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | n/a | ||||
| - Price | |||||
| e) | Date of the transaction | 22 December 2020 | |||
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Robert Smeeton | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Financial Officer | |||
| b) | Initial notification /Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Oriole Resources PLC | |||
| b) | LEI | 213800X32GJR5AGAR511 | |||
| 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 instrument, type of instrument | Options over ordinary shares of 0.1 pence each in the capital of the Company | |||
| Identification code | Ordinary share ISIN: GB00B0T29327 | ||||
| b) | Nature of the transaction | Grant of options over ordinary shares in the capital of the Company under the Company's EMI option scheme with an exercise price of 0.37p each | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| 0 | 6,000,000 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | n/a | ||||
| - Price | |||||
| e) | Date of the transaction | 22 December 2020 | |||
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Claire Bay | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Vice President Exploration and Business Development | |||
| b) | Initial notification /Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Oriole Resources PLC | |||
| b) | LEI | 213800X32GJR5AGAR511 | |||
| 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 instrument, type of instrument | Options over ordinary shares of 0.1 pence each in the capital of the Company | |||
| Identification code | Ordinary share ISIN: GB00B0T29327 | ||||
| b) | Nature of the transaction | Grant of options over ordinary shares in the capital of the Company under the Company's EMI option scheme with an exercise price of 0.1p each | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| 0 | 3,000,000 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | n/a | ||||
| - Price | |||||
| e) | Date of the transaction | 22 December 2020 | |||
| f) | Place of the transaction | Outside a trading venue |
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