REG - Arkle Resources PLC - Grant of Options
RNS Number : 3872NArkle Resources PLC19 May 2020This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
19 May 2020
Arkle Resources PLC
("Arkle" or the "Company")
Grant of Options
Arkle Resources PLC (LON: ARK), the Irish gold and zinc exploration and development company, is pleased to announce that the following long-term, incentive options have today been granted over 9,000,000 ordinary shares of €0.0025 in the Company ("the Options"). The Options vest immediately, have an exercise price of 0.95 pence and an expiry date of 18 May 2027. The Options will be distributed between the Directors as follows:
Director
Number of Share Options granted
John Teeling, Non-Executive Chairman
2,000,000
Patrick Cullen, CEO
3,000,000
David Cockbill, Non-Executive Director
2,000,000
James Finn, Financial Director and Company Secretary
2,000,000
Following this grant of options, the directors and a consultant to the Company hold a total of 11,800,000 long-term, incentive options, representing approximately 5.5% of the Company's issued share capital, as enlarged by the placing announced on 18 May 2020.
ENDS
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.
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:
1. John Teeling
2. Patrick Cullen
3. David Cockbill
4. James Finn
2.
Reason for the notification
a)
Position/status:
1. Non-Executive Chairman
2. CEO
3. Non-Executive Director
4. Financial Director and Company Secretary
b)
Initial notification/Amendment:
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name:
Arkle Resources PLC
b)
LEI:
213800CTOO8MOLMNEQ44
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:
Ordinary shares of €0.0025 each
E00B2357X72
b)
Nature of the transaction:
Grant of options over ordinary shares
c)
Price(s) and volume(s):
Price(s)
Volume(s)
1. 0.95p
2. 0.95p
3. 0.95p
4. 0.95p
2,000,000
3,000,000
2,000,000
2,000,000
d)
Aggregated information:
Aggregated volume:
Price:
Single transactions as in 4 c) above
Price(s)
Volume(s)
0.95 pence
9,000,000
e)
Date of the transaction:
2020-05-19
f)
Place of the transaction:
Outside a trading venue
Enquiries:
Arkle Resources PLC
John Teeling, Chairman
+353 (0) 1 833 2833
Patrick Cullen, CEO
+353 (0) 87 272 1748
+44 (0) 755 237 8208
SP Angel Corporate Finance LLP
Matthew Johnson/Soltan Tagiev
+44 (0) 203 470 0470
First Equity Limited
Jason Robertson
+44 (0) 207 374 2212
Blytheweigh
+44 (0) 207 138 3204
Megan Ray
Teneo
Luke Hogg
+353 (0) 1 661 4055
Alan Tyrrell
+353 (0) 1 661 4055
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDDSHBSGDULDBDGGC
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