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DJ BWA Group PLC Grant of Executive Options

TIDMBWAP

RNS Number : 4237R

BWA Group PLC

29 June 2020

 
 Press Release   29(th) June 2020 
 

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information for the purposes of Article 7 under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.

BWA Group plc

("BWA" or "the Company" or "the Group")

Grant of Executive Options

BWA Group plc [AQSE: BWAP], which has seven mineral exploration licences in Canada and Cameroon at various stages of development from grass roots to advanced exploration, and is quoted on London's AQSE Growth Market (formerly NEX), announces additional options have been granted to Directors of the Company on 26(th) June 2020.

Each of Messrs Battersby, Butterfield and Borrelli have existing options to subscribe for 5,871,262 ordinary shares of 0.5p each in the Company ("Ordinary Shares") at a price of 0.65p per share.

New Options will be granted to the four Directors, now including James Hogg appointed on 1(st) June 2020, totalling 21,386,214 at a price of 0.5 pence per share and the issuance of new options as set out below.

 
                   Richard Battersby   James Butterfield   Alex Borrelli   James Hogg 
 Existing 
  Share Options        5,871,262           5,871,262         5,871,262        Nil 
                  ------------------  ------------------  --------------  ----------- 
 New Share 
  Options              6,128,738           6,128,738         6,128,738     3,000,000 
                  ------------------  ------------------  --------------  ----------- 
 Total Share 
  Options             12,000,000          12,000,000        12,000,000     3,000,000 
                  ------------------  ------------------  --------------  ----------- 
 

The Share Options set out above total 39,000,000 and represent approximately 13.1% of the Company's current issued share capital.

The Directors of the Company accept responsibility for the content of this announcement.

   -     Ends - 

For further information, contact:

 
 BWA Group PLC                                  +44 (0)7836 2381721 
  Richard Battersby                       enquiries@bwagroupplc.com 
  Chairman 
 Allenby Capital Limited 
  Corporate Adviser 
  Nick Harriss/James Hornigold                    +44 207 3328 5656 
                                 ---------------------------------- 
 Abchurch                                      +44 (0)207 4594 4070 
  Financial Public Relations       Julian.bosdet@abchurch-group.com 
  Julian Bosdet 
                                 ---------------------------------- 
 

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END

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June 29, 2020 10:57 ET (14:57 GMT)