For immediate release
(“Serabi” or the “Company”)
Award of Share Options
The Company announces that on
The options granted will vest in three equal tranches, with one-third vesting and being exercisable immediately on award, one-third vesting on the first anniversary of the award and the remainder vesting on the second anniversary of the award and the options will lapse three years after the date of the award.
The options have an exercise price of
Options granted to directors of the Company are as follows:
Director | Number of new options over Ordinary Shares |
500,000 | |
350,000 | |
150,000 | |
100,000 | |
100,000 | |
100,000 | |
T Sean Harvey | 100,000 |
100,000 | |
100,000 | |
1,600,000 |
The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
1.
2.
3.
4.
5.
6.
7.
8.
9.
2
Reason for the notification
a)
Position/status
1. Chief Executive Officer
2. Finance Director
3. Non-Executive Director
4. Non-Executive Director
5. Non-Executive Director
6. Non-Executive Director
7. Non-Executive Director
8. Non-Executive Director
9. 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)
b)
LEI
213800LTYC1HF9RTUE37
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 10p each (“Ordinary Shares”)
Identification code
GB00BG5NDX91
b)
Nature of the transaction
Issue of Options over Ordinary Shares
c)
Price(s) and volume(s)
Director | Price payable on exercise of option | Volume(s) |
£0.850 | 500,000 | |
£0.850 | 350,000 | |
£0.850 | 150,000 | |
£0.850 | 100,000 | |
£0.850 | 100,000 | |
£0.850 | 100,000 | |
T Sean Harvey | £0.850 | 100,000 |
£0.850 | 100,000 | |
£0.850 | 100,000 |
d)
Aggregated information
- Aggregated volume
1,600,000 options over Ordinary Shares
- Price
Price payable on exercise of option – UK£0.8500
1/3 exercisable immediately on award;
1/3 vesting on the first anniversary of the award; and 1/3 vesting on the second anniversary of the award
e)
Date of the transaction
f)
Place of the transaction
Outside a trading venue
The person who arranged for the release of this announcement on behalf of the Company was
Enquiries:
Tel: +44 (0)20 7246 6830 | |
Chief Executive | Mobile: +44 (0)7799 473621 |
Tel: +44 (0)20 7246 6830 | |
Finance Director | Mobile: +44 (0)7710 151692 |
Email: contact@serabigold.com | |
Website: www.serabigold.com | |
Nominated Adviser and Financial Adviser | |
Tel: +44 (0)20 7628 3396 | |
Tel: +44 (0)20 7628 3396 | |
Tel: +44 (0)20 7418 9000 | |
Copies of this announcement are available from the Company's website at www.serabigold.com.
Neither the
Qualified Persons Statement
The scientific and technical information contained within this announcement has been reviewed and approved by
Forward Looking Statements
Certain statements in this announcement are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ‘‘believe’’, ‘‘could’’, “should” ‘‘envisage’’, ‘‘estimate’’, ‘‘intend’’, ‘‘may’’, ‘‘plan’’, ‘‘will’’ or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors’ current expectations and assumptions regarding the Company’s future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors’ current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. Although any forward looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements.
ENDS
Attachment
- Option Awards vWEB
© OMX, source