FORM 38.5                                       

IRISH TAKEOVER PANEL

Disclosure Under Rule 38.5 of the Irish Takeover Panel Act 1997,

Takeover Rules, 2007 (As Amended)

Dealings by Connected Exempt Market-Makers

1.         KEY INFORMATION

Name of exempt market-maker

J&E Davy

Company dealt in

Ormonde Mining Plc

Class of relevant security to which the dealings being disclosed relate (Note 1)

Ordinary Shares

Date of dealing

23 January 2014

2.         DEALINGS (Note 2)

(a)        Purchases and sales

Total number of relevant securities acquired

Highest price paid (Note 3)

Lowest price paid (Note 3)

21600

£0.06

£0.06

Total number of securities disposed

Highest price received (Note 3)

Lowest price received (Note 3)

125000

£0.0625

£0.0625

(b)        Derivatives transactions (other than option transactions)

Product name,

e.g. CFD

Nature of transaction (Note 4)

Number of  relevant securities (Note 5)

Price per unit (Note 3)

N/A




(c)        Options transactions in respect of existing relevant securities

(i)         Writing, selling, purchasing or varying

Product name,

e.g. call option

Writing, selling,  purchasing, varying etc.

Number of securities to which the option relates (Note 5)

Exercise

price

Type, e.g. American, European etc.

Expiry

date

Option money

paid/received per unit (Note 3)

N/A







(ii)        Exercising

Product name, e.g. call option

Number of securities

Exercise price per unit (Note 3)

N/A


4.         OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.  If none, this should be stated. 

None

Date of disclosure

24 January 2014

Contact name

Paul Murphy

Telephone number

01-6149009

Name of offeree/offeror with which connected

Ormonde Mining Plc

Nature of connection (Note 6)

Concert party to Offeree


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