REG - Bens Creek Group PLC - Exercise of Options & Director Shareholding

Bens CreekAnnouncement

29/12/2023 07:00

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RNS Number : 1240Y  Bens Creek Group PLC  29 December 2023

 

29 December 2023

 

Bens Creek Group plc

 

("Bens Creek", the "Group" or the "Company")

 

Exercise of share options by Director

 

Bens Creek Group plc (AIM:BEN), the owner of a metallurgical coal mine in
North America supplying the steel industry, announces that Robin Fryer,
Non-Executive Chairman of the Company and a person discharging managerial
responsibility (a "PDMR"), on 28 December 2023, exercised options to subscribe
for 300,000 new ordinary shares of 0.1 pence each in the Company at an
exercise price of 5 pence per share (the "New Ordinary Shares"). The exercise
of these options has generated £15,000 for the Company.

 

Application will be made shortly for the New Ordinary Shares to be admitted to
trading on AIM ("Admission") and it is expected that Admission will occur on
or around 5 January 2024.

 

Following the exercise of the options, Robin Fryer holds 300,000 New Ordinary
Shares in the Company equivalent to 0.08 per cent. of the issued share capital
of the Company.

 

The FCA notification, made in accordance with the requirements of the UK
Market Abuse Regulation, is appended further below.

 

Upon Admission, the Company's issued share capital will consist of 399,873,728
Ordinary Shares with one voting right each. The Company does not hold any
Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares
and voting rights in the Company will be 399,873,728. With effect from
Admission, this figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
share capital of the Company under the FCA's Disclosure Guidance and
Transparency Rules.

 

 For further information please contact:



 Bens Creek Group plc                                            +44 (0) 204 558 2300

 Adam Wilson, CEO

 Peter Shea, Chief of Staff

 Allenby Capital Limited (Nominated Adviser and Joint Broker)    +44 (0) 203 328 5656

 Nick Athanas / Nick Naylor / George Payne (Corporate Finance)

 Kelly Gardiner (Sales and Corporate Broking)

 WH Ireland Limited (Joint Broker)                               +44 (0) 207 220 1666

 Harry Ansell / Katy Mitchell

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                                                         Robin Fryer

 2    Reason for the notification

 a)   Position/status                                              Non-Executive Chairman

 b)   Initial notification /Amendment                              Initial

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Bens Creek Group plc

 b)   LEI                                                          213800I3FGJ7KAZGEG14

 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 Shares of 0.1 pence each

      Identification code                                          GB00BP814F22

 b)   Nature of the transaction                                    Exercise of Options over the Ordinary Shares in the Company

 c)   Price and volume                                             Price: 5 pence per option

                                                                   Volume: 300,000
 d)   Aggregated information

      Aggregated volume                                            300,000

      Price                                                        5 pence per option

      Principal amount                                             £15,000

 e)   Date of the transaction                                      28 December 2023

 f)   Place of the transaction                                     Outside of a trading venue

 

 

 

 

 

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