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| Date | 15 Sept 2021 |
| Time | 07:00:07 |
| Category | Miscellaneous |
| ID | 7833L |
15 September 2021
Bradda Head Holdings Limited
("Bradda Head", "Bradda", or the "Company")
Name Change and Award of Options
Bradda Head (AIM: BHL) is pleased to announce that the Company has decided to change its name as well as awarding members of the Board and management share options.
Name Change
The Company proposes to change its name to Bradda Head Lithium Limited to better reflect the Company's business and focus. The Company's ticker on AIM (BHL) will remain the same post this change, as will the Company's ISIN. Trading on AIM under the new name is expected to become effective from 8.00am on Wednesday 22 September 2021.
Award of Options
As set out in the Company's AIM Admission Document, recognising the performance of members of the management and executive team in recent months, and to additionally incentivise management during the Company's upcoming exploration programme, the Board has resolved to issue 4,000,000 Options to acquire ordinary shares at an exercise price of 9p to management and certain Board members, with the exercise price representing a premium of 20% to the closing share price of 7.5p on 13 September 2021.
Options for management and directors, are subject to the following conditions:
- Options issued vest immediately;
- Are exercisable for a period of five years from date of issue; and
- The awards of options should lapse upon any participant no longer being an employee or connected person remunerated by the Company.
Directors and management included in the award are detailed in the table below:
|
Director |
Current Options Held |
New Options awarded |
Total Options Held |
|
Ian Stalker (Chair) |
13,000,000 |
1,250,000 |
14,250,000 |
|
Charles FitzRoy (CEO) |
4,500,000 |
1,500,000 |
6,000,000 |
|
Jim Guilinger |
1,460,252 |
500,000 |
1,960,252 |
|
John Keller |
- |
500,000 |
500,000 |
|
Piotr Schabik (CFO) |
500,000 |
250,000 |
750,000 |
The total number of Options in the Company is now 23,606,277 representing 7.4% of the Company's fully diluted share capital.
For further information please visit the Company's website: www.braddaheadltd.com
Contact:
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Bradda Head Holdings Limited |
+44 (0) 1624 639 396 |
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Charlie FitzRoy, CEO Denham Eke, Finance Director |
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Beaumont Cornish (Nomad) James Biddle/Roland Cornish |
+44 20 7220 1666 |
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Peterhouse (Joint Broker) |
+44 207 469 0930 |
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Charles Goodfellow Duncan Vasey Lucy Williams |
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Shard Capital (Joint Broker) |
+44 207 186 9927 |
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Isabella Pierre |
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Tavistock (PR) |
+ 44 20 7920 3150 |
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Nick Elwes Oliver Lamb Adam Baynes |
Notes to Editors
Bradda Head Holdings Ltd is a North America-focused lithium development group. The Company currently has interests in a variety of lithium projects, the most advanced of which are in Central and Western Arizona: the Burro Creek project (Burro Creek East Project, and the Burro Creek West Project) and the Wikieup Project.
The Burro Creek East Project has an estimated an Inferred Mineral Resource (JORC) of 42.6 Mt of lithium bearing clays at an average grade of 818 ppm of lithium for 185,000 tonnes of lithium carbonate equivalent (LCE). The Burro Creek East Project also has additional exploration potential for extensions to the current model of between 50,000 to 300,000 tonnes of lithium carbonate equivalent.
The Group intends to continue to develop its three phase one projects in Arizona, whilst endeavouring to unlock value at its other prospective pegmatite and brine assets in Arizona, Nevada and Pennsylvania.
All Bradda Head's licences are held on a 100% equity basis and are in close proximity to the required infrastructure.
Bradda Head is listed on the AIM market of the London Stock Exchange with the ticker of BHL.
Director and PDMR Shareholding Disclosures
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
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|
a) |
Name |
Ian Stalker |
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|
2 |
Reason for notification |
|||||
|
a) |
Position / status |
Chairman |
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b) |
Initial Notification /Amendment |
Initial |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Bradda Head Holdings Limited |
||||
|
b) |
LEI |
LEI: 213800T879QQXKR2WN54 |
||||
|
4 |
Details of the transaction(s): section to be repeated for (i) each type ofinstrument; (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 Identification code
|
Ordinary shares of no par value each
ISIN: VGG154091083 |
||||
|
b) |
Nature of the transaction |
Purchase of shares |
||||
|
c) |
Price(s) and volumes(s) |
|
||||
|
d) |
Aggregated information |
n/a |
||||
|
e) |
Date of the transaction |
14 September 2021 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM (LON) |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Charles FitzRoy |
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|
2 |
Reason for notification |
|||||
|
a) |
Position / status |
CEO |
||||
|
b) |
Initial Notification /Amendment |
Initial |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Bradda Head Holdings Limited |
||||
|
b) |
LEI |
LEI: 213800T879QQXKR2WN54 |
||||
|
4 |
Details of the transaction(s): section to be repeated for (i) each type ofinstrument; (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 Identification code
|
Ordinary shares of no par value each
ISIN: VGG154091083 |
||||
|
b) |
Nature of the transaction |
Purchase of shares |
||||
|
c) |
Price(s) and volumes(s) |
|
||||
|
d) |
Aggregated information |
n/a |
||||
|
e) |
Date of the transaction |
14 September 2021 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM (LON) |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Jim Guilinger |
||||
|
2 |
Reason for notification |
|||||
|
a) |
Position / status |
COO |
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|
b) |
Initial Notification /Amendment |
Initial |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Bradda Head Holdings Limited |
||||
|
b) |
LEI |
LEI: 213800T879QQXKR2WN54 |
||||
|
4 |
Details of the transaction(s): section to be repeated for (i) each type ofinstrument; (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 Identification code
|
Ordinary shares of no par value each
ISIN: VGG154091083 |
||||
|
b) |
Nature of the transaction |
Purchase of shares |
||||
|
c) |
Price(s) and volumes(s) |
|
||||
|
d) |
Aggregated information |
n/a |
||||
|
e) |
Date of the transaction |
14 September 2021 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM (LON) |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
John Keller |
||||
|
2 |
Reason for notification |
|||||
|
a) |
Position / status |
Chief Geologist |
||||
|
b) |
Initial Notification /Amendment |
Initial |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Bradda Head Holdings Limited |
||||
|
b) |
LEI |
LEI: 213800T879QQXKR2WN54 |
||||
|
4 |
Details of the transaction(s): section to be repeated for (i) each type ofinstrument; (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 Identification code
|
Ordinary shares of no par value each
ISIN: VGG154091083 |
||||
|
b) |
Nature of the transaction |
Purchase of shares |
||||
|
c) |
Price(s) and volumes(s) |
|
||||
|
d) |
Aggregated information |
n/a |
||||
|
e) |
Date of the transaction |
14 September 2021 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM (LON) |
||||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Piotr Schabik |
||||
|
2 |
Reason for notification |
|||||
|
a) |
Position / status |
CFO |
||||
|
b) |
Initial Notification /Amendment |
Initial |
||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Bradda Head Holdings Limited |
||||
|
b) |
LEI |
LEI: 213800T879QQXKR2WN54 |
||||
|
4 |
Details of the transaction(s): section to be repeated for (i) each type ofinstrument; (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 Identification code
|
Ordinary shares of no par value each
ISIN: VGG154091083 |
||||
|
b) |
Nature of the transaction |
Purchase of shares |
||||
|
c) |
Price(s) and volumes(s) |
|
||||
|
d) |
Aggregated information |
n/a |
||||
|
e) |
Date of the transaction |
14 September 2021 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM (LON) |
||||