Egdon Resources plc (AIM:EDR) announces that as part of a periodic incentive review it has granted options to the following Directors.
| Director | Number of Options granted | Exercise Price (pence) | Vesting Date | Exercisable Until |
| Mark Abbott | 1,210,191 | 7.85p | 1 January 2020 | 1 January 2030 |
| Martin Durham | 955,414 | 7.85p | 1 January 2020 | 1 January 2030 |
The options were set at an exercise price of 7.85p being the average closing mid-price for the five trading days ended 22 January 2019.
Following the grant of the options on 24 January 2019, the interests of the Directors in the share capital of the Company are as follows:
| Director | Total number of Options held over Ordinary Shares | Number of Ordinary Shares held |
| Mark Abbott | 3,153,297 | 8,089,387 |
| Martin Durham | 2,387,951 | 0 |
In addition, the Company has granted options to employees on the same basis as Directors. The total number of options granted to Directors and employees of the Company is 4,526,561 (Representing 1.74% of the Company’s issued share capital).
The information set out below is in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Mark Abbott | |
| 2. | Reason for the notification | ||
| a) | Position / status | Managing Director | |
| b) | Initial notification / amendment | Initial Notification | |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Egdon Resources plc | |
| b) | LEI | 213800WWGH4S9GYSPL77 | |
| 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 | Ordinary Shares of 1 pence per share value | |
| Identification code | GB00B28YML29 | ||
| b) | Nature of the transaction | Grant of Options | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 7.85 pence | 1,210,191 | ||
| d) | Aggregated information | ||
| — Aggregated volume | 1,210,191 Ordinary Shares of 1 pence per share value | ||
| — Price11 | 7.85 pence per share | ||
| e) | Date of the transaction | 24 January 2019 | |
| f) | Place of the transaction | Outside a trading venue | |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Martin Durham | |
| 2. | Reason for the notification | ||
| a) | Position / status | Technical Director | |
| b) | Initial notification / amendment | Initial Notification | |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Egdon Resources plc | |
| b) | LEI | 213800WWGH4S9GYSPL77 | |
| 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 | Ordinary Shares of 1 pence per share value | |
| Identification code | GB00B28YML29 | ||
| b) | Nature of the transaction | Grant of Options | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 7.85 pence | 955,414 | ||
| d) | Aggregated information | ||
| — Aggregated volume | 955,414Ordinary Shares of 1 pence per share value | ||
| — Price11 | 7.85 pence per share | ||
| e) | Date of the transaction | 24 January 2019 | |
| f) | Place of the transaction | Outside a trading venue | |