REG - Blencowe Resources - Long Term Incentive Programme

Blencowe ResourcesAnnouncement

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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 (http://www.blencoweresourcesplc.com/)

 Sam Quinn (Director)                     Tel: +44 (0)1624 681 250

                                          info@blencoweresourcesplc.com (mailto: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 (mailto: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 (https://twitter.com/BlencoweRes)
 LinkedIn                                 https://www.linkedin.com/company/72382491/admin/
                                          (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    Ordinary shares

     Identification code

                                                                   GB00BFCMVS34
 b)  Nature of the transaction                                     Grant of LTIP Share Awards
 c)  Price(s) and volume(s)                                        Price      Volume
                                                                   1. 0.005   1. 7,000,000

                                                                   2. 0.005   2. 7,000,000

                                                                   3. 0.005   3.  7,000,000

                                                                   4. 0.005   4.  5,250,000

                                                                   5. 0.005   5.  1,750,000

                                                                   6. 0.005   6. 2,000,000
 d)  Aggregated information

N/A

     - Aggregated volume

     - Price

                                                                   £0.005
 e)  Date of Transaction                                            20 February 2026

 f)  Place of transaction                                          London Stock Exchange

 

 

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   1. 7,000,000

 2. 0.005   2. 7,000,000

 3. 0.005   3.  7,000,000

 4. 0.005   4.  5,250,000

 5. 0.005   5.  1,750,000

 6. 0.005   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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