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On January 30, 2026, Mineral and Financial Investments Limited announced the conversion of 950,000 fully vested Restricted Share Units (RSUs) into ordinary shares at nil cost for three PDMRs: Chairman Mark Brown (275,000 RSUs), CEO Jacques Vaillancourt (400,000 RSUs), and NED Sean Keenan (275,000 RSUs). An application has been made for these 950,000 new ordinary shares to be admitted to trading on AIM, with admission expected on February 5, 2026, bringing the company's total issued ordinary share capital to 38,855,871 shares.
| Date | 30 Jan 2026 |
| Time | 15:09:29 |
| Category | Director/PDMR dealings |
| ID | 1593R |
MINERAL & FINANCIAL INVESTMENTS LIMITED
Conversion Of Fully Vested Restricted Shares Units into Ordinary Shares
GEORGE TOWN, CAYMAN ISLANDS, January 30, 2026 - Mineral and Financial Investments Limited (LSE-AIM: MAFL) ("M&FI" or the "Company") is an London Stock Exchange AIM quoted Investment company focused on natural resource investments with an focus on mining and mineral sector by providing investment, financing and advisory services to its investee companies, announces the conversion of fully vested Restricted Share Units ("RSU") under its 2021 Restricted Share Unit Scheme ("2021 RSU Scheme").
Conversion of Restricted Common Shares into Fully Tradeable Common Shares
The Company announces that it has received notices of conversion in respect of RSU's over 950,000 ordinary shares of 1.0p each in the Company at nil cost as follows:.
|
Name of PDMR |
Position |
RSU's Converted and Ordinary Shares Issued |
Price |
|
Mark Brown |
Chairman |
275,000 |
Nil cost |
|
Jacques Vaillancourt |
CEO |
400,000 |
Nil cost |
|
Sean Keenan |
NED |
275,000 |
Nil cost |
|
Total |
|
950,000 |
|
Resulting Insider Ordinary Share Ownership
The PDMR's ordinary share ownership after the conversion of RSU's will be as follows:
|
Name of PDMR |
# Ordinary Shares Held prior to RSU Conversion |
Ordinary Shares Held in the Company after RSU Conversion |
# Of RSU's Remaining O/S[1] |
Total % Ownership of Company (RSU's & Shares) |
|
Mark Brown (Chairman) |
- |
275,000 |
100,000 |
0.9% |
|
Jacques Vaillancourt (CEO) |
7,044,000 |
7,444,000[2] |
700,000 |
20.4% |
|
Sean Keenan (NED) |
100,000 |
375,000 |
100,000 |
1.2% |
Admission
Application has been made for 950,000 new ordinary shares each in the Company ("New Ordinary Shares") to be admitted to trading on AIM. The New Ordinary Shares will rank pari passu with the Company's existing ordinary shares and it is expected that admission will occur and dealings will commence at 8.00 a.m. on 5 February 2026.
Following the admission of the New Ordinary Shares, the Company's issued ordinary share capital will comprise 38,855,871 ordinary shares, none of which are held in treasury. Therefore, the total number of ordinary shares with voting rights following admission will be 38,855,871.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
FOR MORE INFORMATION:
Jacques Vaillancourt, Mineral & Financial Investments Ltd. +44 7 802 268 247
Katy Mitchell and Zeus Capital +44 207 220 1666
Jon Belliss, Novum Securities Limited +44 207 399 9400
The notifications set out below are provided in accordance with the requirements of the Market Abuse Regulation.
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name: |
Mark T. Brown |
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|
2 |
Reason for the notification |
||||
|
a) |
Position / status: |
Non-Executive Chairman |
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b) |
Initial notification /Amendment: |
Initial |
|||
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||
|
a) |
Name: |
Mineral and Financial Investments Limited |
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|
b) |
LEI: |
213800XJN3E3OTYDCH82 |
|||
|
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: |
Ordinary shares |
|||
|
|
|
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|
Identification code: |
KYG6181G1055
|
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|
|
|
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|
b) |
Nature of the transaction |
Conversion of restricted stock units into ordinary shares |
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c)
|
Price(s) and volume(s) |
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|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
Nil cost |
275,000 |
|
|
|
|
|
|
|
|
|
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d)
|
Aggregated information |
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|
||||
|
- Aggregated volume |
N/A |
||||
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|
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- Price |
|
||||
|
|
|
||||
|
e) |
Date of the transaction
|
30 January 2026 |
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f) |
Place of the transaction |
Outside a trading venue |
|||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name: |
Jacques Vaillancourt |
|||
|
2 |
Reason for the notification |
||||
|
a) |
Position / status: |
President & CEO |
|||
|
b) |
Initial notification /Amendment: |
Initial |
|||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||
|
a) |
Name: |
Mineral and Financial Investments Limited |
|||
|
b) |
LEI: |
213800XJN3E3OTYDCH82 |
|||
|
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: |
Ordinary shares |
|||
|
|
|
||||
|
Identification code: |
KYG6181G1055
|
||||
|
|
|
||||
|
b) |
Nature of the transaction |
Conversion of restricted stock units into ordinary shares |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
Nil cost |
400,000 |
|
|
|
|
|
|
|
|
|
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d)
|
Aggregated information |
|
|||
|
|
|
||||
|
- Aggregated volume |
N/A |
||||
|
|
|
||||
|
- Price |
|
||||
|
|
|
||||
|
e) |
Date of the transaction
|
30 January 2026 |
|||
|
f) |
Place of the transaction |
Outside a trading venue |
|||
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name: |
Sean Keenan |
|||
|
2 |
Reason for the notification |
||||
|
a) |
Position / status: |
Non-Executive Director |
|||
|
b) |
Initial notification /Amendment: |
Initial |
|||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||
|
a) |
Name: |
Mineral and Financial Investments Limited |
|||
|
b) |
LEI: |
213800XJN3E3OTYDCH82 |
|||
|
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: |
Ordinary shares |
|||
|
|
|
||||
|
Identification code: |
KYG6181G1055 |
||||
|
|
|
||||
|
b) |
Nature of the transaction |
Conversion of restricted stock units into ordinary shares |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
Nil cost |
275,000 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|||
|
|
|
||||
|
- Aggregated volume |
N/A |
||||
|
|
|
||||
|
- Price |
|
||||
|
|
|
||||
|
e) |
Date of the transaction
|
30 January 2026 |
|||
|
f) |
Place of the transaction |
Outside a trading venue |
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