10th Feb 2017 14:50
10 February 2017
Blenheim Natural Resources plc
("Blenheim" or the "Company")
Grant of Options and PDMR Dealing
The Company announces that it has today granted options to Chris Ells and Mark Parker, both directors of Blenheim, as set out in the table below. The options granted are over a total of 22,500,000 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares"), vest immediately and are exercisable at any time until the third anniversary of the date of grant (the "Options"). The Options have an exercise price of 0.65 pence each, representing a premium of approximately 8.5 per cent to the volume weighted average price of the Company's Ordinary Shares over the three months preceding the date of grant.
Name | Position | Number of Options granted | Exercise price (pence) | Total number of Options held | Total number of Options now held as a percentage of the Company's current issued share capital |
Chris Ells | Chairman | 12,500,000 | 0.65 | 19,500,000 | 4.9% |
Mark Parker | Non-Executive Director | 10,000,000 | 0.65 | 11,500,000 | 2.9% |
Following the grant of the Options the total number of ordinary shares in the Company under option (excluding warrants) is 32,500,000, representing 8.2 per cent of the current issued share capital.
Blenheim was also informed today that Mrs Jenny Ells, spouse of Chris Ells, today purchased 1,500,000 Ordinary Shares at a price of 0.777 pence per Ordinary Share.
Following this transaction, Chris Ells, together with his spouse, is beneficially interested in 11,410,000 Ordinary Shares, representing approximately 2.9 per cent of the Company's current issued share capital.
For further information please contact:
Chris Ells | Blenheim Natural Resources Plc | +44 (0) 1622 844601 |
Colin Aaronson/Jamie Barklem/ Daniel Bush | Grant Thornton UK LLP (Nominated Adviser) | +44 (0) 20 7383 5100 |
Nick Emerson | SI Capital Ltd (Joint Broker) | +44 (0)1483 413500 |
Lucy Williams / Duncan Vasey | Peterhouse Corporate Finance Limited (Joint Broker) | +44 (0) 20 7469 0932 |
Colin Rowbury | Cornhill Capital Limited (Joint Broker) | +44 (0) 20 7710 9610 |
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
| Mrs Jenny Ells
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Wife of Chris Ells, Chairman | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Blenheim Natural Resources Plc | ||||
b)
| LEI
| 213800K5AXTQDWB6BP80 | ||||
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
Identification code
| Ordinary shares of 0.1p each
GB00BYQ5L258 | ||||
b)
| Nature of the transaction
| On market purchase | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Aggregated price: 0.777p
Aggregated volume: 1,500,000
Aggregated total: £11,655
| ||||
e)
| Date of the transaction
| 10 February 2017 | ||||
f)
| Place of the transaction
| London Stock Exchange AIM Market | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Chris Ells
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chairman | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Blenheim Natural Resources Plc | ||||
b)
| LEI
| 213800K5AXTQDWB6BP80 | ||||
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
Identification code
| Options over ordinary shares of 0.1p each with ISIN GB00BYQ5L258 | ||||
b)
| Nature of the transaction
| Grant of options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Aggregated exercise price: 0.65p
Aggregated volume: 12,500,000
| ||||
e)
| Date of the transaction
| 10 February 2017 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Mark Parker | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Non-executive Director | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Blenheim Natural Resources Plc | ||||
b)
| LEI
| 213800K5AXTQDWB6BP80 | ||||
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
Identification code
| Options over ordinary shares of 0.1p each with ISIN GB00BYQ5L258 | ||||
b)
| Nature of the transaction
| Grant of options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
Aggregated exercise price: 0.65p
Aggregated volume: 10,000,000
| ||||
e)
| Date of the transaction
| 10 February 2017 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
Related Shares:
TSI.L