Capital Limited - Issue of Equity and Director / PDMR Shareholding
14/04/2026 09:44
RNS Number : 3881A
Capital Limited
14 April 2026
Capital Limited
("Capital", the "Group" or the "Company")
Issue of Equity, Director / PDMR shareholding and Total Voting Rights
Capital (LSE: CAPD), a leading mining services company, today announces that it has issued a total of 397,809 new common shares ("Shares") to employees, pursuant to the Company's Long Term Incentive Plan ("LTIP"). The new Shares issued will rank pari passu with the Company's existing Shares.
Following the vesting of the LTIPs which were awarded in early 2023, in accordance with the LTIP's terms, the Company received notices of exercise from all the option holders. Performance conditions attaching to the awards pursuant to the LTIP for the three years ended 31 December 2025, as set out in the Company's annual report, have been met in part. LTIP awards were subject to two three-year performance targets each covering 50% of the award: a TSR compound growth condition and an adjusted EPS compound growth performance condition. TSR was achieved at 8.9% compound growth however the EPS was missed, and as a result, the awards vested at 17.1% of grant.
Pursuant to the terms of the Company's 2023 LTIP, of the 397,809 Shares issued, Directors of the Company received 93,453 Shares and other PDMRs of the Company have received a total of 25,613 Shares:
1. 61,962 Shares awarded to Jamie Phillip Boyton, Executive Chair of the Company, at an exercise price of $0.0001 per Share under the Group's LTIP; and
2. 31,491 Shares awarded to Brian Rudd, Executive Director of the Company, at an exercise price of $0.0001 per Share under the Group's LTIP.
Application has been made to the London Stock Exchange and admission of the new 397,809 Shares is expected on or around 16 March 2026, following which; the Company's issued share capital will comprise 225,701,590 Shares of $0.0001 each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
- ENDS -
For further information, please visit Capital's website www.capdrill.com or contact:
Capital Limited investor@capdrill.com
Jamie Boyton, Executive Chair
Rick Robson, Chief Financial Officer
Conor Rowley, GM Commercial & Corporate Development
Ryan Tennis, Corporate Development & Investor Relations
Tamesis Partners LLP +44 20 3882 2868
Charlie Bendon
Richard Greenfield
Stifel Nicolaus Europe Limited +44 20 7710 7600
Ashton Clanfield
Varun Talwar
Panmure Liberum Limited +44 20 3100 2000
Scott Mathieson
John More
FTI Consulting +44 20 3727 1000
Ben Brewerton capitallimited@fticonsulting.com
Nick Hennis
About Capital Limited
Capital Limited is a leading mining services company that provides a complete range of drilling, mining, maintenance and geochemical laboratory solutions to customers within the global minerals industry. The Company's services include exploration, delineation and production drilling; load and haul services; maintenance; and geochemical analysis. The Group's corporate headquarters are in the United Kingdom and it has established operations in Canada, Côte d'Ivoire, Democratic Republic of Congo, Egypt, Gabon, Guinea, Kenya, Mali, Mauritania, Namibia, Pakistan, Saudi Arabia, Tanzania, United States of America and Zambia.
Notification of transactions by PDMRs
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a. | Name | Jamie Boyton | ||||
| 2. | Reason for the notification | |||||
| a. | Position/status | Executive Chair | ||||
| b. | Initial notification/Amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a. | Name | Capital Limited | ||||
| b. | LEI | 213800XG175G91JW8W37 | ||||
| 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 instrumentIdentification code | Common shares of$0.0001 each BMG022411000 | ||||
| b. | Nature of the transaction | Award of common shares | ||||
| c. | Price(s) and volume(s) |
| ||||
| d. | Aggregated information · Aggregated volume · Price | n/a | ||||
| e. | Date of the transaction | 13/04/2026 | ||||
| f. | Place of the transaction | Outside of trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a. | Name | Brian Rudd | ||||
| 2. | Reason for the notification | |||||
| a. | Position/status | 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 | Capital Limited | ||||
| b. | LEI | 213800XG175G91JW8W37 | ||||
| 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 instrumentIdentification code | Common shares of$0.0001 each BMG022411000 | ||||
| b. | Nature of the transaction | Award of common shares | ||||
| c. | Price(s) and volume(s) |
| ||||
| d. | Aggregated information · Aggregated volume · Price | n/a | ||||
| e. | Date of the transaction | 13/04/2026 | ||||
| f. | Place of the transaction | Outside of trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a. | Name | Rick Robson | ||||
| 2. | Reason for the notification | |||||
| a. | Position/status | Chief Financial Officer | ||||
| b. | Initial notification/Amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a. | Name | Capital Limited | ||||
| b. | LEI | 213800XG175G91JW8W37 | ||||
| 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 | Common shares of $0.0001 each BMG022411000 | ||||
| b. | Nature of the transaction | Award of common shares | ||||
| c. | Price(s) and volume(s) |
| ||||
| d. | Aggregated information · Aggregated volume · Price | See above | ||||
| e. | Date of the transaction | 13/04/2026 | ||||
| f. | Place of the transaction | Outside of trading venue | ||||