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TOWER RESOURCES PLC — Share Issue/Capital Change 2014
Mar 13, 2014
7980_dirs_2014-03-13_ffc52430-b063-495a-b403-d93bfce63861.html
Share Issue/Capital Change
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Wentworth Resources Limited : Notification of Trade
Wentworth Resources Limited : Notification of Trade
On March 12, 2014, Wentworth Resources Limited ("Wentworth") issued 3,400,000
share options to certain of the company's officers, directors and employees,
each giving the right to subscribe for one share in Wentworth. The share options
have a strike price of NOK 5.18 and may be exercised as 1/3 of the Options per
year for 3 years starting on the anniversary date of the grant and expire 10
years from the date of grant.
Primary insiders of the Company have received the following options on the above
terms:
+----------------+-------------------+--------------+-----------+--------------+
|Name |Position | New Options|Shares held| Total Options|
| | | Granted| | following new|
| | | | | Options|
| | | | | Granted|
+----------------+-------------------+--------------+-----------+--------------+
|Robert McBean |Chairman of the | 400,000| 8,903,637| 1,400,000|
| |Board | | | |
+----------------+-------------------+--------------+-----------+--------------+
|John Bentley |Deputy Chairman | 400,000| 368,200| 900,000|
+----------------+-------------------+--------------+-----------+--------------+
|Cameron Barton |Non-executive | 400,000| 1,530,291| 900,000|
| |Director | | | |
+----------------+-------------------+--------------+-----------+--------------+
|Neil Kelly |Non-executive | 400,000| 912,815| 900,000|
| |Director | | | |
+----------------+-------------------+--------------+-----------+--------------+
|Geoffrey Bury |Managing Director | 400,000| 200,000| 1,400,000|
+----------------+-------------------+--------------+-----------+--------------+
|Lance Mierendorf|Chief Financial | 300,000| -| 800,000|
| |Officer | | | |
+----------------+-------------------+--------------+-----------+--------------+
|Richard Tainton |Vice President | 300,000| 40| 550,000|
| |International | | | |
+----------------+-------------------+--------------+-----------+--------------+
|Gerold Fong |Vice President | 300,000| -| 550,000|
| |Exploration | | | |
+----------------+-------------------+--------------+-----------+--------------+
|Salvator Ntomola|Vice President | 150,000| 47,305| 350,000|
| |Business | | | |
| |Development & | | | |
| |Government | | | |
| |Relations | | | |
+----------------+-------------------+--------------+-----------+--------------+
|Heather Jones |Corporate Secretary| 150,000| 18,711| 350,000|
| |and Manager of | | | |
| |Treasury & | | | |
| |Compliance | | | |
+----------------+-------------------+--------------+-----------+--------------+
|Roger Rwiguza |Finance Controller | 100,000| 8,227| 200,000|
+----------------+-------------------+--------------+-----------+--------------+
| | | 3,300,000| | |
+----------------+-------------------+--------------+-----------+--------------+
One employee who is not a primary insider received 100,000 share options.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
[HUG#1768420]