3 Sep 2012 12:17
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the
issuer should complete boxes 1 to 16, 23 and 24.
(2) An issuer making a notification in respect of a derivative relating the shares of the issuer should
complete boxes 1 to 4, 6, 8,13, 14, 16, 23 and 24.
(3) An issuer making a notification in respect of options granted to a director/person discharging
managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer
(other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.
Please complete all relevant boxes should in block capital letters.
1. | Name of the issuer | 2. | State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii) |
New World Resources Plc (the "Issuer") | (i) | ||
3. | Name of person discharging managerial responsibilities/director | 4. | State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person |
Gareth Penny | Not applicable | ||
5. | Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial | 6. | Description of shares (including class), instruments relating to shares |
The notification is in respect of the person referred to in 3 above | Not applicable | ||
7. | Name of registered shareholders(s) and, if more than one, the number of shares held by each of them | 8. | State the nature of the transaction interest debentures or derivatives or financial |
Not applicable | Not applicable | ||
9. | Number of shares, debentures or financial instruments relating to shares acquired | 10. | Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) |
Not applicable | Not applicable |
11. | Number of shares, debentures or financial instruments relating to shares disposed | 12. | Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) |
Not applicable | Not applicable | ||
13. | Price per share or value of transaction | 14. | Date and place of transaction |
Not applicable | Not applicable | ||
15. | Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) | 16. | Date Issuer informed of transaction
|
Not applicable | Not applicable |
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. | Date of grant
| 18. | Period during which or date on which it can be exercised |
3 September 2012 | Once vested, each option will be exercisable from the date on which it vests until the 7th anniversary of the first vesting date of that option, when it will lapse. | ||
19. | Total amount paid (if any) for grant of the option | 20. | Description of shares or debentures involved (class and number) |
Option holders are not required to pay for the grant of an option. | A ordinary shares of EUR 0.40 each | ||
21. | Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise | 22. | Total number of shares or debentures over which options held following notification |
EUR 0.01 | 750,000 options | ||
23. | Any additional information | 24. | Name of contact and telephone number for queries |
The options are separated into three tranches, each over 250,000 shares: a) one third of the shares subject to the first option will vest on each of the first, second and third anniversary of the grant date; b) one third of the shares subject to the second option will vest on each of the second, third and fourth anniversary of the grant date; and c) one third of the shares subject to the third option will vest on each of the third, fourth and fifth anniversary of the grant date. | Marek Jelínek (Director, Chief Financial Officer) Tel: +31 20 570 2210 | ||
Name and signature of duly authorised officer of issuer responsible for making notification _________________________________________________________ Date of notification: 3 September 2012 | |||
New World Resources (NWR)