SigmaRoc plc / EPIC: SRC / Market: AIM / Sector: Construction & Materials
31 December 2019
SigmaRoc plc
('SigmaRoc', the 'Company' or the 'Group')
Grant of Options and PDMR Dealings
SigmaRoc plc announces that, following the successful completion of the acquisition of Carriere du Hainaut ('CDH') and associated fundraise announced on 15 October 2019, the Company has awarded a total of 8,000,000 new options over ordinary shares of 1p each in the capital of the Company ('Ordinary Shares') (the 'Options') to board members and senior management personnel, including management at the newly acquired CDH.
The Options will have an exercise price of 46p, representing a 12% premium to issue price of new Ordinary Shares in the October 2019 equity fundraise and a 12% discount to the closing middle market price per Ordinary Share on 30 December 2019. The Options will vest over three years in equal tranches, expiring on 30 December 2026.
Following the grant of the Options, there will be, in aggregate, 30,223,378 Ordinary Shares under option held by directors and employees of the Group, representing approximately 11.9% of the existing issued ordinary share capital of the Company. The number of Options issued to the directors of the Company and their aggregate resultant holdings are as follows:
Director |
Role |
Number of Options awarded |
Total resultant options held over Ordinary Shares |
David Barrett |
Executive Chairman |
1,150,000 |
5,638,674 |
Max Vermorken |
CEO |
2,830,000 |
11,807,349 |
Garth Palmer |
CFO |
700,000 |
3,326,014 |
Patrick Dolberg |
Non-Executive Director |
100,000 |
765,497 |
Dominic Traynor |
Non-Executive Director |
100,000 |
791,511 |
Tim Hall |
Non-Executive Director |
750,000 |
750,000 |
END
Enquiries:
SigmaRoc
Tel: +44(0)207 002 1080
Max Vermorken, CEO
Strand Hanson (Nominated and Financial adviser)
Tel: +44(0)207 409 3494
James Spinney / James Dance / Jack Botros
Liberum Capital (Joint Broker)
Tel: +44(0)203 100 2000
Neil Patel / Jamie Richards / Jonathan Wilkes-Green / William Hall
Investor Relations
Tel: +44(0)207 002 1080
Andrea Mora
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the directors' participation in the Placing.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1. |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
David Barrett |
2. |
Reason for the notification |
a) |
Position/status: |
Chairman |
b) |
Initial notification/Amendment: |
Initial notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
SigmaRoc plc |
b) |
LEI: |
213800Q3CJUERBGD1E44 |
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: Identification code: |
Share options over ordinary shares of 1p each GB00BYX5K988 |
b) |
Nature of the transaction: |
Grant of options over ordinary shares |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
46 pence |
1,150,000 |
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
Price(s) |
Volume(s) |
46 pence |
1,150,000 |
|
1. |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
Max Vermorken |
2. |
Reason for the notification |
a) |
Position/status: |
Chief Executive Officer |
b) |
Initial notification/Amendment: |
Initial notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
SigmaRoc plc |
b) |
LEI: |
213800Q3CJUERBGD1E44 |
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: Identification code: |
Share options over ordinary shares of 1p each GB00BYX5K988 |
b) |
Nature of the transaction: |
Grant of options over ordinary shares |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
46 pence |
2,830,000 |
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
Price(s) |
Volume(s) |
46 pence |
2,830,000 |
|
1. |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
Charles Trigg |
2. |
Reason for the notification |
a) |
Position/status: |
Technical Director |
b) |
Initial notification/Amendment: |
Initial notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
SigmaRoc plc |
b) |
LEI: |
213800Q3CJUERBGD1E44 |
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: Identification code: |
Share options over ordinary shares of 1p each GB00BYX5K988 |
b) |
Nature of the transaction: |
Grant of options over ordinary shares |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
46 pence |
1,000,000 |
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
Price(s) |
Volume(s) |
46 pence |
1,000,000 |
|
1. |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
Garth Palmer |
2. |
Reason for the notification |
a) |
Position/status: |
Chief Financial Officer |
b) |
Initial notification/Amendment: |
Initial notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
SigmaRoc plc |
b) |
LEI: |
213800Q3CJUERBGD1E44 |
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: Identification code: |
Share options over ordinary shares of 1p each GB00BYX5K988 |
b) |
Nature of the transaction: |
Grant of options over ordinary shares |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
46 pence |
700,000 |
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
Price(s) |
Volume(s) |
46 pence |
700,000 |
|
1. |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
Dominic Traynor |
2. |
Reason for the notification |
a) |
Position/status: |
Director |
b) |
Initial notification/Amendment: |
Initial notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
SigmaRoc plc |
b) |
LEI: |
213800Q3CJUERBGD1E44 |
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: Identification code: |
Share options over ordinary shares of 1p each GB00BYX5K988 |
b) |
Nature of the transaction: |
Grant of options over ordinary shares |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
46 pence |
100,000 |
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
Price(s) |
Volume(s) |
46 pence |
100,000 |
|
1. |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
Patrick Dolberg |
2. |
Reason for the notification |
a) |
Position/status: |
Director |
b) |
Initial notification/Amendment: |
Initial notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
SigmaRoc plc |
b) |
LEI: |
213800Q3CJUERBGD1E44 |
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: Identification code: |
Share options over ordinary shares of 1p each GB00BYX5K988 |
b) |
Nature of the transaction: |
Grant of options over ordinary shares |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
46 pence |
100,000 |
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
Price(s) |
Volume(s) |
46 pence |
100,000 |
|
1. |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
Tim Hall |
2. |
Reason for the notification |
a) |
Position/status: |
Director |
b) |
Initial notification/Amendment: |
Initial notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
SigmaRoc plc |
b) |
LEI: |
213800Q3CJUERBGD1E44 |
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: Identification code: |
Share options over ordinary shares of 1p each GB00BYX5K988 |
b) |
Nature of the transaction: |
Grant of options over ordinary shares |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
46 pence |
750,000 |
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
Price(s) |
Volume(s) |
46 pence |
750,000 |
|
1. |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
Mike Osborne |
2. |
Reason for the notification |
a) |
Position/status: |
Managing Director |
b) |
Initial notification/Amendment: |
Initial notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
SigmaRoc plc |
b) |
LEI: |
213800Q3CJUERBGD1E44 |
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: Identification code: |
Share options over ordinary shares of 1p each GB00BYX5K988 |
b) |
Nature of the transaction: |
Grant of options over ordinary shares |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
46 pence |
190,000 |
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
Price(s) |
Volume(s) |
46 pence |
190,000 |
|
1. |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
Michael Roddy |
2. |
Reason for the notification |
a) |
Position/status: |
Managing Director |
b) |
Initial notification/Amendment: |
Initial notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
SigmaRoc plc |
b) |
LEI: |
213800Q3CJUERBGD1E44 |
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: Identification code: |
Share options over ordinary shares of 1p each GB00BYX5K988 |
b) |
Nature of the transaction: |
Grant of options over ordinary shares |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
46 pence |
190,000 |
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
Price(s) |
Volume(s) |
46 pence |
190,000 |
|
1. |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name: |
David McClelland |
2. |
Reason for the notification |
a) |
Position/status: |
Managing Director, South Wales |
b) |
Initial notification/Amendment: |
Initial notification |
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
SigmaRoc plc |
b) |
LEI: |
213800Q3CJUERBGD1E44 |
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: Identification code: |
Share options over ordinary shares of 1p each GB00BYX5K988 |
b) |
Nature of the transaction: |
Grant of options over ordinary shares |
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
46 pence |
190,000 |
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
Price(s) |
Volume(s) |
46 pence |
190,000 |
|
