REG - AfriTin Mining Ltd - Issue of Share Options
08/04/2022 18:15
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RNS Number : 8674H AfriTin Mining Ltd 08 April 2022
8 April 2021
AfriTin Mining Limited
("AfriTin", "ATM" or the "Company"
and with its subsidiaries the "Group")
Issue of Share Options
AfriTin Mining Limited (AIM: ATM), an African tin mining company with its
flagship asset, the Uis Tin Mine ("Uis") in Namibia announces today that it
has issued options over 54,310,000 ordinary shares as part of its Long-Term
Incentive Scheme to certain Directors, PDMRs and employees of the Company.
These are in line with the established share option scheme of the Company to
both reward and incentivise key employees, as per the company's reward
policies.
These share options vest in three tranches over three years (tranche 1 on 8
April 2023, tranche 2 on 8 April 2024 and trance 3 on 8 April 2024) and are
exercisable at a price of 9.8p; 10.3p and 10.8p. They are conditional only on
the continued employment of the relevant recipient as a director or employee
of the company at the time of exercise. These share options are in line with
the company's remunerations committee policies based on the company's
performance and the targets set for the FY of 2021.
The options issued to directors of the Company and PDMRs of the Company are as
set out as follows:
Name of Director Tranche 1 options (at 9.8p). Exercisable at 12 months. Tranche 2 options (at 10.3p). Tranche 3 options (at 10.8p) Total Options issued
Exercsiable at 24 months. Exercisable at 36 months
Anthony Viljoen (Director) 3,000,000 1,500,000 1,500,000 6,000,000
Glen Parsons (NED) 1,200,000 600,000 600,000 2,400,000
Laurence Robb (NED) 1,200,000 600,000 600,000 2,400,000
Terence Goodlace (NED) 1,200,000 600,000 600,000 2,400,000
Michael Rawlinson (NED) 1,200,000 600,000 600,000 2,400,000
Rob Sewell (PDMR) 1,500,000 750,000 750,000 3,000,000
Frans Van Daalen (PDMR) 2,400,000 1,200,000 1,200,000 4,800,000
The information contained within this announcement is deemed by the Group to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this
announcement via Regulatory Information Service ('RIS'), this inside
information is now considered to be in the public domain.
For further information, please visit www.afritinmining.com
(http://www.afritinmining.com) or contact:
AfriTin Mining Limited +27 (11) 268 6555
Anthony Viljoen, CEO
Nominated Adviser +44 (0) 207 220 1666
WH Ireland Limited
Katy Mitchell
James Sinclair-Ford
Corporate Advisor and Joint Broker
H&P Advisory Limited +44 (0) 20 7907 8500
Andrew Chubb
Jay Ashfield
Nilesh Patel
Tavistock Financial PR (United Kingdom) +44 (0) 207 920 3150
Jos Simson
Emily Moss (nee Fenton)
The information contained within this announcement is deemed by the Company to
constitute inside information under the Market Abuse Regulation (EU) No.
596/2014
About AfriTin Mining Limited
Notes to Editors
AfriTin Mining Limited is the first pure tin company listed in London and its
vision is to create a portfolio of globally significant, conflict-free,
tin-producing assets. The Company's flagship asset is the Uis Tin Mine in
Namibia, formerly the world's largest hard-rock open cast tin mine.
AfriTin is managed by an experienced board of directors and management team
with a current two-fold strategy: fast-track Uis Tin Mine in Namibia to
commercial production as Phase 1, ramping up to 5,000 tonnes of concentrate in
a Phase 2 expansion. The Company strives to capitalise on the solid
supply/demand fundamentals of tin by developing a critical mass of tin
resource inventory, achieving production in the near term and further scaling
production by consolidating tin assets in Africa.
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 Laurence Robb
2 Reason for the notification
a) Position/status Non-Executive Director
b) Initial notification/ Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name AfriTin Mining plc
b) LEI · 213800FKOXWBL6JBVH90
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 share
Identification code
GG00BD95V148
b) Nature of the transaction Issue of options
c) Price(s) and volume(s) Price(s) Volume(s)
9.8p 1,200,000
10.3p 600,000
10.8p 600,000
d) Aggregated information
- Aggregated volume 2,400,000
- Price
10.175p
e) Date of the transaction 8 April 2022
f) Place of the transaction XLON, AIM
d)
Aggregated information
- Aggregated volume
- Price
2,400,000
10.175p
e)
Date of the transaction
8 April 2022
f)
Place of the transaction
XLON, AIM
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Glen Parsons
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 AfriTin Mining plc
b) LEI · 213800FKOXWBL6JBVH90
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 share
Identification code
GG00BD95V148
b) Nature of the transaction Issue of shares in lieu of director fees
c) Price(s) and volume(s) Price(s) Volume(s)
9.8p 1,200,000
10.3p 600,000
10.8p 600,000
d) Aggregated information
- Aggregated volume 2,400,000
- Price
10.175p
e) Date of the transaction 8 April 2022
f) Place of the transaction XLON, AIM
d)
Aggregated information
- Aggregated volume
- Price
2,400,000
10.175p
e)
Date of the transaction
8 April 2022
f)
Place of the transaction
XLON, AIM
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Anthony Viljoen
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 AfriTin Mining plc
b) LEI · 213800FKOXWBL6JBVH90
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 share
Identification code
GG00BD95V148
b) Nature of the transaction Change of exercise price of existing options
c) Price(s) and volume(s) Price(s) Volume(s)
9.8p 3,000,000
10.3p 1,500,000
10.8p 1,500,000
d) Aggregated information
- Aggregated volume 6,000,000
- Price 10.175p
e) Date of the transaction 8 April 2022
f) Place of the transaction XLON, AIM
d)
Aggregated information
- Aggregated volume
- Price
6,000,000
10.175p
e)
Date of the transaction
8 April 2022
f)
Place of the transaction
XLON, AIM
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Robert Sewell
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 AfriTin Mining plc
b) LEI · 213800FKOXWBL6JBVH90
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 share
Identification code
GG00BD95V148
b) Nature of the transaction Change of exercise price of existing options
c) Price(s) and volume(s) Price(s) Volume(s)
9.8p 1,500,000
10.3p 750,000
10.8p 750,000
d) Aggregated information
- Aggregated volume 3,000,000
- Price 10.175p
e) Date of the transaction 8 April 2022
f) Place of the transaction XLON, AIM
d)
Aggregated information
- Aggregated volume
- Price
3,000,000
10.175p
e)
Date of the transaction
8 April 2022
f)
Place of the transaction
XLON, AIM
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Frans van Daalen
2 Reason for the notification
a) Position/status Chief Operating Officer
b) Initial notification/ Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name AfriTin Mining plc
b) LEI · 213800FKOXWBL6JBVH90
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 share
Identification code
GG00BD95V148
b) Nature of the transaction Change of exercise price of existing options
c) Price(s) and volume(s) Price(s) Volume(s)
9.8p 2,400,000
10.3p 1,200,000
10.8p 1,200,000
d) Aggregated information
- Aggregated volume 4,800,000
- Price 10.175p
e) Date of the transaction 8 April 2022
f) Place of the transaction XLON, AIM
d)
Aggregated information
- Aggregated volume
- Price
4,800,000
10.175p
e)
Date of the transaction
8 April 2022
f)
Place of the transaction
XLON, AIM
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