- Title:
Performance options and directors' shareholdings - Time:
07:00:08 - Date:
24 Aug 2020 - Category:
Miscellaneous - ID:
8843W
Red Rock Resources Plc
Performance Option Award
Directors' Shareholdings
24 August 2020
Red Rock Resources Plc ("Red Rock" or the "Company"), the natural resource development Company, announces the grant of 21,000,000 performance options to directors and key staff representing in aggregate 3.01% of the existing issued share capital of the Company. Each option entitles the holder upon exercise to one ordinary share of 0.01p in the capital of the Company ("Ordinary Shares").
Pursuant to the recommendation of the Remuneration Committee, the board has awarded the following options:
|
|
Tranche 1 |
Tranche 2 |
| Andrew Bell |
5,500,000 |
5,500,000 |
| Michael C Nott |
1,500,000 |
1,500,000 |
| Scott Kaintz |
2,250,000 |
2,250,000 |
| Other personnel |
1,250,000 |
1,250,000 |
| Vesting date: |
On issue |
On issue |
| Exercise price: |
2p |
2.5p |
| Expiry date: |
19.08.2025 |
19.08.2025 |
The closing mid-market price on AIM as at the close of business on Wednesday, 19 August 2020 was 0.77p.
A pool of 6m options has been created for distribution at the Board's discretion to key consultants and advisors.
Following the grant of options to directors, the resultant total directors' shareholdings are as follows:
| Directors |
Ordinary Shares |
Total Shares |
% of Issued Share Capital |
Options |
|
|
|
Direct |
Indirect* |
|
|
|
| Andrew Bell |
31,238,520 |
11,552,617 |
42,791,137 |
6.14 |
28,760,000 |
| Michael C Nott |
1,471,807 |
11,235,652 |
12,707,459 |
1.82% |
3,900,000 |
| Scott Kaintz |
2,517,807 |
11,552,617 |
14,070,424 |
2.02% |
20,180,000 |
*these shares are being held indirectly via Red Rock Resources PLC Share Incentive Plan Trustees
For further information, please contact:
Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc
Scott Kaintz 0207 747 9990 Director Red Rock Resources Plc
Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited
Mark Treharne 0203 700 2500 Broker Pello Capital Ltd
The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
| 1
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Details of the person discharging managerial responsibilities / person closely associated
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| a)
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Name
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1. Andrew R M Bell 2. Michael C Nott 3. Scott Kaintz |
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| 2
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Reason for the notification
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| a)
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Position/status
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1. Chairman 2. Director 3. Director |
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| b)
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Initial notification /Amendment
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Initial Notification |
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| 3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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| a)
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Name
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Red Rock Resources Plc |
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| b)
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LEI
|
213800383CFWX3U42W09 |
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| 4
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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 |
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| a)
|
Description of the financial instrument, type of instrument |
Ordinary Shares of £0.0001 each |
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| Identification code |
ISIN: GB00BYWKBV38 |
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| b)
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Nature of the transaction
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Issue of Performance Options to buy Shares of 0.01p |
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| c)
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Price(s) and volume(s) |
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| d)
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Aggregated information |
NA (single transaction for each PDMR) |
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| - Aggregated volume |
NA |
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| - Price |
NA |
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| e)
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Date of the transaction
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20 August 2020 |
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| f)
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Place of the transaction
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Outside a trading venue |
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Performance options and directors' shareholdings07:00:0824 Aug 2020Miscellaneous8843W