Blencowe Resources - Long Term Incentive Programme

Blencowe Resources

20/02/2026 11:03

RNS Number : 8670T

Blencowe Resources PLC

20 February 2026

 

Date: 20 February 2026                          

Blencowe Resources Plc

("Blencowe" or the "Company")

 

Long Term Incentive Programme

Blencowe Resources Plc (LSE: BRES) announces that it has granted long term incentive programme shares ("LTIP Shares") over an aggregate 30,000,000 ordinary shares to directors and senior managers of Blencowe, which represents approximately 6.3% of the Company's existing issued share capital.  For the purposes of the LTIP Shares allocation, a share price of £0.09 per ordinary share was used,  being the date of this announcement.

 

Performance and Vesting Conditions

The LTIP Shares are subject to the satisfaction of certain performance conditions to be interpreted at the discretion of the Blencowe remuneration committee and Board over a three-year review period. Upon vesting, no consideration is payable. Subject to vesting and such performance conditions being met, the new LTIP Shares will be allocated to the participants as fully paid ordinary shares, subject to any regulatory restrictions.

 

The remuneration committee have recommended that 50% of the LTIP Shares vest upon receipt of P1 Funding for the Orom-Cross project. The remaining 50% to vest will be determined in due course by the remuneration committee and the Board. In the event of any change of control of the Company, its subsidiaries or its project, the LTIP Shares will vest immediately.

 

The following LTIP Share Awards have been granted to Directors and senior group managers:

 

Director / Management
Position
LTIP Shares Awarded
Vesting Period
Cameron Pearce
Chairman
7,000,000
3 years
Mike Ralston
CEO
7,000,000
3 years
Iain Wearing
COO
7,000,000
3 years
Sam Quinn
NED
5,250,000
3 years
Alex Passmore
NED
1,750,000
3 years
Nabil Alam
Country Manager
2,000,000
3 years

 

 

**ENDS**

For further information please contact:

 

Blencowe Resources Plc
www.blencoweresourcesplc.com
Sam Quinn (Director)
Tel: +44 (0)1624 681 250
info@blencoweresourcesplc.com
Sasha Sethi (Investor Relations)
Tel: +44 (0) 7891 677 441
sasha.sethi@blencoweresourcesplc.com
Tavira Financial (Joint Broker)
Jonathan Evans
Tel: +44 (0)20 3192 1733
jonathan.evans@tavira.group
Oak Securities (Joint Broker)
Calvin Man /Mungo Sheehan / Jerry Keen
Tel: +44 (0)20 3973 3678
Twitter
https://twitter.com/BlencoweRes
LinkedIn
https://www.linkedin.com/company/72382491/admin/

 

 

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
1. Cameron Pearce
2. Mike Ralston
3. Iain Wearing
4. Lionshead Consultants (S Quinn)
5. Alexander Passmore
6. Nabil Alam
2
Reason for the notification
a)
Position/status
1. Director
2. Manager
3. Manager
4. Director
5. Director
6. Country Manager
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Blencowe Resources PLC
b)
LEI
213800UXIHBIRK36GG11
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
GB00BFCMVS34
b)
Nature of the transaction
Grant of LTIP Share Awards
c)
Price(s) and volume(s)
Price
Volume
1. 0.005
2. 0.005
3. 0.005
4. 0.005
5. 0.005
6. 0.005
1. 7,000,000
2. 7,000,000
3. 7,000,000
4. 5,250,000
5. 1,750,000
6. 2,000,000
d)
Aggregated information
-Aggregated volume
-Price
N/A
£0.005
e)
Date of Transaction
20 February 2026
f)
Place of transaction
London Stock Exchange

 

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