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On 27 September 2022, Alien Metals Limited granted a total of 345,000,000 share options to its Executive Chairman Rod McIllree, CEO Bill Brodie Good, and Non-Executive Directors Daniel Smith and Jo Battershill. These options, representing 6.82% of the current issued share capital, were issued under the Company's EMI Share Option Plan with exercise prices ranging from 0.8 pence to 1.4 pence. The Company further stated its intention to issue up to an additional 40,000,000 options to staff and consultants, leading to an expected aggregate of 365,000,000 outstanding options representing 7.21% of the current issued share capital.
| Date | 27 Sept 2022 |
| Time | 09:00:03 |
| Category | Miscellaneous |
| ID | 6893A |
27 September 2022
Alien Metals Limited
("Alien Metals" or "the Company")
Issue of Director & PDMR Options
Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to announce that, further to the announcements dated 7 September 2022 in respect of the proposal to grant Options over Common Shares to directors and senior management, Options totalling 345,000,000 (being 6.82% of the current issued share capital) have been granted under the terms of the Company's EMI Share Option Plan, which also makes provision for the award of non-EMI share Options, as follows:
Rod McIllree (Executive Chairman)
|
Number of Options |
Exercise (Pence) |
Exercisable from |
Exercisable to |
|
55,000,000 |
0.8 |
6 months from issue |
4 years from issue |
|
55,000,000 |
1.0 |
12 months from issue |
4 years from issue |
|
60,000,000 |
1.2 |
12 months from issue |
4 years from issue |
|
60,000,000 |
1.4 |
12 months from issue |
4 years from issue |
Bill Brodie Good (Chief Executive Officer)
|
Number of Options |
Exercise (Pence) |
Exercisable from |
Exercisable to |
|
12,500,000 |
0.8 |
6 months from issue |
4 years from issue |
|
12,500,000 |
1.0 |
12 months from issue |
4 years from issue |
|
15,000,000 |
1.2 |
12 months from issue |
4 years from issue |
|
15,000,000 |
1.4 |
12 months from issue |
4 years from issue |
Daniel Smith (Non-Executive Director)
|
Number of Options |
Exercise (Pence) |
Exercisable from |
Exercisable to |
|
10,000,000 |
0.8 |
6 months from issue |
4 years from issue |
|
10,000,000 |
1.0 |
12 months from issue |
4 years from issue |
|
12,500,000 |
1.2 |
12 months from issue |
4 years from issue |
|
12,500,000 |
1.4 |
12 months from issue |
4 years from issue |
Jo Battershill (Non-Executive Director)
|
Number of Options |
Exercise (Pence) |
Exercisable from |
Exercisable to |
|
7,500,000 |
1.0 |
6 months from issue |
4 years from issue |
|
7,500,000 |
1.2 |
12 months from issue |
4 years from issue |
Following this award of Options, the directors have the following interests in options of the Company:
|
Director |
No. of Options |
Exercise (Pence) |
Exercisable from |
Exercisable to |
|
Dan Smith |
3,085,627 3,085,627 6,171,255 10,000,000 10,000,000 12,500,000 12,500,000 |
0.25 0.25 0.25 0.8 1.0 1.2 1.4 |
29 June 2019 29 September 2019 29 March 2020 26 March 2023 26 September 2023 26 September 2023 26 September 2023 |
28 March 2024 28 March 2024 28 March 2024 26 September2026 26 September 2026 26 September 2026 26 September 2026 |
|
Rod McIllree |
55,000,000 55,000,000 60,000,000 60,000,000 |
0.8 1.0 1.2 1.4 |
26 March 2023 26 September 2023 26 September 2023 26 September 2023 |
26 September 2026 26 September 2026 26 September 2026 26 September 2026 |
|
Jo Battershill |
10,000,000 10,000,000 15,000,000 7,500,000 7,500,000 |
1.11 1.115 1.45 1.0 1.2 |
22 April 2022 22 April 2022 22 April 2022 26 March 2023 26 September 2023 |
22 October 2024 22 October 2024 22 October 2024 26 September 2026 26 September 2026 |
|
Mark Culbert |
1,875,000 1,875,000 3,750,000 |
0.45 0.50 0.55 |
1 March 2021 1 September 2021 1 September 2021 |
30 August 2023 30 August 2023 30 August 2023 |
The Company also intends to shortly issue up to an additional maximum of 20 million (4 year) options with an exercise price of 1 pence per share and a maximum of 20 million (4 year) options with an exercise price of 1.2 pence per share to Alien staff members and consultants. A further announcement will be made once this is complete.
The aggregate number of outstanding share options awarded in September 2022 is expected to be 365,000,000, representing 7.21% of the current issued share capital.
All outstanding rights to option conversion and performance share issues will terminate immediately should the recipients leave the employment of the company.
For further information please visit the Company's website at www.alienmetals.uk, or contact:
Rod McIllree, Executive Chairman
Email: rcm@alienmetals.uk
Bill Brodie Good, CEO
Tel: +44 20 3811 2144
Beaumont Cornish Limited (Nomad)
James Biddle / Roland Cornish
www.beaumontcornish.com
Tel: +44 (0) 207 628 3396
Turner Pope Investments (TPI) Limited (Joint Broker)
Andrew Thacker / James Pope
Tel: +44 (0) 20 3657 0050
WH Ireland Ltd (Joint Broker)
Harry Ansell / Katy Mitchell
Tel +44 (0) 207 220 1666
Yellow Jersey PR (Financial PR)
Sarah Hollins / Laurie Gellhorn / James Lingfield
alienmetals@yellowjerseypr.com
Tel: +44 (0) 20 3004 9512