REG - Capital Limited - Issue of Equity/Director PDMR/Total Voting Rights
27/03/2024 11:15
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RNS Number : 5317I Capital Limited 27 March 2024
FOR IMMEDIATE RELEASE
27 MARCH 2024
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 2,560,204 new common shares ("Shares"); comprising
1,249,506 Shares to employees pursuant to the terms of the Company's Short
Term Incentive Plan ("STIP") and 1,310,698 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.
STIP
Pursuant to the terms of the Company's Short Term Incentive Plan from its
awards in 2022, of the 1,249,506 Shares issued, Directors of the Company
received 504,527 Shares and other PDMRs of the Company have received a total
of 51,610 Shares:
1. 317,066 Shares awarded to Jamie Boyton, Executive Chair of the
Company, at a price of £0.92 per Share. This represents a previously approved
award with a share price value date of 17 March 2023;
2. 50,488 Shares awarded to Peter Stokes, Chief Executive Officer of
the Company, at a price of £0.92 per Share. This represents a previously
approved award with a share price value date of 17 March 2023; and
3. 136,973 Shares awarded to Brian Rudd, Executive Director of the
Company, at a price of £0.92 per Share. This represents a previously approved
award with a share price value date of 17 March 2023.
LTIP
Following the vesting of the LTIPs awarded in 2021, 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 2023, details of which are set out in
the Company's annual report, have been met.
Pursuant to the terms of the Company's 2021 LTIP, of the 1,310,698 Shares
issued, Directors of the Company received 655,956 Shares and other PDMRs of
the Company have received a total of 75,921 Shares:
1. 455,525 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. 200,431 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 2,560,204 Shares is expected on or around 28 March 2024, following which;
the Company's issued share capital will comprise 196,257,124 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
Peter Stokes, Chief Executive
Officer
Rick Robson, Chief Financial Officer
Conor Rowley, 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
Callum Stewart
Rory Blundell
Buchanan
+44 20 7466 5000
Bobby
Morse
capital@buchanan.uk.com
George Pope
About Capital Limited
Capital Limited is a leading mining services company providing 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 Côte d'Ivoire,
Canada, Democratic Republic of Congo, Egypt, Gabon, Ghana, Guinea, Kenya,
Mali, Mauritania, Nigeria, Pakistan, Saudi Arabia, Tanzania and the United
States of America.
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 instrument Identification Common shares of $0.0001 each
code
BMG022411000
b. Nature of the transaction Award of common shares
c. Price(s) and volume(s) Price(s) Volume(s)
£0.92 317,066
$0.0001 455,525
d. Aggregated information See above
· Aggregated volume
· Price
e. Date of the transaction 27 March 2024
f. Place of the transaction Outside of trading venue
d.
Aggregated information
· Aggregated volume
· Price
See above
e.
Date of the transaction
27 March 2024
f.
Place of the transaction
Outside of trading venue
1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name Peter Viktor Stokes
2. Reason for the notification
a. Position/status Chief Executive 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 Common shares of $0.0001 each
code
BMG022411000
b. Nature of the transaction Award of common shares
c. Price(s) and volume(s) Price(s) Volume(s)
£0.92 50,488
d. Aggregated information n/a
· Aggregated volume
· Price
e. Date of the transaction 27 March 2024
f. Place of the transaction Outside of trading venue
d.
Aggregated information
· Aggregated volume
· Price
n/a
e.
Date of the transaction
27 March 2024
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 instrument Identification Common shares of $0.0001 each
code
BMG022411000
b. Nature of the transaction Award of common shares
c. Price(s) and volume(s) Price(s) Volume(s)
£0.92 136,973
$0.0001 200,431
d. Aggregated information See above
· Aggregated volume
· Price
e. Date of the transaction 27 March 2024
f. Place of the transaction Outside of trading venue
d.
Aggregated information
· Aggregated volume
· Price
See above
e.
Date of the transaction
27 March 2024
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 Common shares of $0.0001 each
Identification code
BMG022411000
b. Nature of the transaction Award of common shares
c. Price(s) and volume(s) Price(s) Volume(s)
£0.92 51,610
$0.0001 75,921
d. Aggregated information See above
· Aggregated volume
· Price
e. Date of the transaction 27 March 2024
f. Place of the transaction Outside of trading venue
d.
Aggregated information
· Aggregated volume
· Price
See above
e.
Date of the transaction
27 March 2024
f.
Place of the transaction
Outside of trading venue
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