REG - Bluejay Mining PLC - Issue of Options
05/04/2024 07:00
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RNS Number : 4116J Bluejay Mining PLC 05 April 2024
5 April 2024
Bluejay Mining plc / Ticker: JAY / Market: AIM / Sector: Mining
Issue of Options
Bluejay Mining plc ('Bluejay' or the 'Company'), the AIM, FSE listed and
Pink-Market traded exploration and development company with projects in
Greenland and Finland, is pleased to announce that the Remuneration Committee
has agreed to issue options over a total of 123,000,000 ordinary shares of
0.01 pence in the capital of the Company ('Share Options') to Directors and
employees of the Company. The Share Options will vest immediately and will
expire on 4 April 2029. The exercise price of the options will be as follows:
Exercise price (£) 0.01 0.02 0.04
Number of options granted 41,000,000 41,000,000 41,000,000
The Share Options represent in aggregate 8.17% of the existing issued ordinary
share capital of the Company and have been issued to a number of directors and
employees of the Company, in line with the Group's ongoing incentive plans.
Following the grant of the Share Options, in aggregate there will be
136,900,000 ordinary shares of 0.01 pence of the Company under option to
directors and employees of the Company, representing 9.09% of the existing
issued ordinary share capital of the Company.
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, as incorporated into UK law by the European Union (Withdrawal) Act
2018, 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: Eric Sondergaard
2. Reason for the notification
a) Position/status: Managing Director
b) Initial notification/Amendment: Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name: Bluejay Mining Plc
b) LEI: 213800E9AEFEHFLOVJ19
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: Share options over ordinary shares of £0.01 each
Identification code: GB00BFD3VF20
b) Nature of the transaction: Grant of options over ordinary shares
c) Price(s) and volume(s):
Price(s) Volume(s)
1. 1 pence 12,000,000
2. 2 pence 12,000,000
3. 4 pence 12,000,000
d) Aggregated information: Single transactions as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 1pence 12,000,000
Price:
Price(s) Volume(s)
2pence 12,000,000
Aggregated volume:
Price:
Price(s) Volume(s)
4pence 12,000,000
Aggregated volume:
Price:
e) Date of the transaction: 2024-04-04
19:00 hrs UTC
f) Place of the transaction: Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Troy Whittaker
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: Bluejay Mining Plc
b) LEI: 213800E9AEFEHFLOVJ19
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: Share options over ordinary shares of £0.01 each
Identification code: GB00BFD3VF20
b) Nature of the transaction: Grant of options over ordinary shares
c) Price(s) and volume(s):
Price(s) Volume(s)
1. 1 pence 5,500,000
2. 2 pence 5,500,000
3. 4 pence 5,500,000
d) Aggregated information: Single transactions as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 1pence 5,500,000
Price:
Price(s) Volume(s)
2pence 5,500,000
Aggregated volume:
Price(s) Volume(s)
Price: 4pence 5,500,000
Aggregated volume:
Price:
e) Date of the transaction: 2024-04-04
19:00 hrs UTC
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
Aggregated volume:
Price:
Aggregated volume:
Price:
Aggregated volume:
Price:
Single transactions as in 4 c) above
Price(s) Volume(s)
1 pence 12,000,000
Price(s) Volume(s)
2 pence 12,000,000
Price(s) Volume(s)
4 pence 12,000,000
e)
Date of the transaction:
2024-04-04
19:00 hrs UTC
f)
Place of the transaction:
Outside a trading venue
1.
Details of the person discharging managerial responsibilities/person closely
associated
a)
Name:
Troy Whittaker
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:
Bluejay Mining Plc
b)
LEI:
213800E9AEFEHFLOVJ19
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:
Share options over ordinary shares of £0.01 each
GB00BFD3VF20
b)
Nature of the transaction:
Grant of options over ordinary shares
c)
Price(s) and volume(s):
Price(s) Volume(s)
1. 1 pence 5,500,000
2. 2 pence 5,500,000
3. 4 pence 5,500,000
d)
Aggregated information:
Aggregated volume:
Price:
Aggregated volume:
Price:
Aggregated volume:
Price:
Single transactions as in 4 c) above
Price(s) Volume(s)
1 pence 5,500,000
Price(s) Volume(s)
2 pence 5,500,000
Price(s) Volume(s)
4 pence 5,500,000
e)
Date of the transaction:
2024-04-04
19:00 hrs UTC
f)
Place of the transaction:
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Roderick McIllree
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: Bluejay Mining Plc
b) LEI: 213800E9AEFEHFLOVJ19
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: Share options over ordinary shares of £0.01 each
Identification code: GB00BFD3VF20
b) Nature of the transaction: Grant of options over ordinary shares
c) Price(s) and volume(s):
Price(s) Volume(s)
1. 1 pence 8,500,000
2. 2 pence 8,500,000
3. 4 pence 8,500,000
d) Aggregated information: Single transactions as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 1pence 8,500,000
Price:
Price(s) Volume(s)
2pence 8,500,000
Aggregated volume:
Price:
Price(s) Volume(s)
4pence 8,500,000
Aggregated volume:
Price:
e) Date of the transaction: 2024-04-04
19:00 hrs UTC
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
Aggregated volume:
Price:
Aggregated volume:
Price:
Aggregated volume:
Price:
Single transactions as in 4 c) above
Price(s) Volume(s)
1 pence 8,500,000
Price(s) Volume(s)
2 pence 8,500,000
Price(s) Volume(s)
4 pence 8,500,000
e)
Date of the transaction:
2024-04-04
19:00 hrs UTC
f)
Place of the transaction:
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Michael Hutchinson
2. Reason for the notification
a) Position/status: Non-Executive Chairman
b) Initial notification/Amendment: Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name: Bluejay Mining Plc
b) LEI: 213800E9AEFEHFLOVJ19
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: Share options over ordinary shares of £0.01 each
Identification code: GB00BFD3VF20
b) Nature of the transaction: Grant of options over ordinary shares
c) Price(s) and volume(s):
Price(s) Volume(s)
1. 1 pence 3,000,000
2. 2 pence 3,000,000
3. 4 pence 3,000,000
d) Aggregated information: Single transactions as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 1pence 3,000,000
Price:
Price(s) Volume(s)
2pence 3,000,000
Aggregated volume:
Price:
Price(s) Volume(s)
4pence 3,000,000
Aggregated volume:
Price:
e) Date of the transaction: 2024-04-04
19:00 hrs UTC
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
Aggregated volume:
Price:
Aggregated volume:
Price:
Aggregated volume:
Price:
Single transactions as in 4 c) above
Price(s) Volume(s)
1 pence 3,000,000
Price(s) Volume(s)
2 pence 3,000,000
Price(s) Volume(s)
4 pence 3,000,000
e)
Date of the transaction:
2024-04-04
19:00 hrs UTC
f)
Place of the transaction:
Outside a trading venue
For further information please visit http://www.bluejaymining.com
(http://www.bluejaymining.com) or contact:
Eric Sondergaard Bluejay Mining plc enquiry@bluejaymining.com
Ewan Leggat / Adam Cowl SP Angel Corporate Finance LLP +44 (0) 20 3470 0470
(Nominated Adviser and Broker)
Tim Blythe / Megan Ray / Said Izagaren BlytheRay +44 (0) 20 7138 3205
(Media Contact)
About Bluejay Mining plc
Bluejay is listed on the London AIM market and Frankfurt Stock Exchange and
its shares also trade on the Pink Market in the US. With multiple projects in
Greenland and Finland, Bluejay offers both portfolio and commodity
diversification focused on base and precious metals in Tier 1 jurisdictions.
Bluejay, through its wholly owned subsidiary Disko Exploration Ltd., has
signed a definitive Joint Venture Agreement with KoBold Metals to guide
exploration for new deposits rich in the critical materials required for the
green energy transition and electric vehicles (the Disko-Nuussuaq
nickel-copper-cobalt-PGE Project). This project is Bluejay's primary focus.
Disko Exploration Ltd holds two additional projects in Greenland - the 692 sq
km Kangerluarsuk zinc-lead- silver project, where historical work has
recovered grades of up to 45.4% zinc, 9.3% lead and 596 g/t silver; and the
920 sq km Thunderstone project which has the potential to host large-scale
base metal and gold deposits. Bluejay also owns 100% of the fully permitted
Dundas Ilmenite Project under its subsidiary Dundas Titanium A/S in northwest
Greenland.
In Finland, Bluejay currently holds three large scale multi-metal projects
through its wholly owned subsidiary FinnAust Mining Finland Oy. The Company
has identified multiple drill ready targets at the Enonkoski
nickel-copper-cobalt project in East Finland. Bluejay's Hammaslahti
copper-zinc-gold-silver project hosts high-grade VMS mineralisation and
extensions of historical ore lodes have been proven. The drill ready Outokumpu
copper-nickel-cobalt-zinc-gold-silver project is located in a prolific
geological belt that hosts several high-grade former mines. In August 2023,
Bluejay successfully divested its Black Schist Projects in Finland to Metals
One plc in a transaction worth £4.125 million (Bluejay currently owns c. 29%
of the issued ordinary share capital of AIM listed Metals One plc).
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