Incentive Options

Chesterfield Resources

02/07/2021 16:27

RNS Number : 0684E

Chesterfield Resources PLC

02 July 2021

 

Chesterfield Resources / EPIC: CHF / Market: LSE / Sector: Mining

 

2 July 2021

Incentive Options

 

Chesterfield Resources plc has agreed to issue certain directors, employees and consultants with options over a total of 2,400,000 Ordinary Shares of 0.1p each in the capital of the Company. These options will vest immediately and will expire five years from the date of issue with an exercise price of 12p.

 

The options to be granted to director and PDMR's are set out below:

 

Option holder
Position
Quantity
Neil O'Brien
PDMR
1,000,000
Ajay Kejriwal
Executive Director
500,000
Dave Cliff
Non-Executive Director
250,000
Paul Ensor
Non-Executive Director
250,000

 

Said Executive Chairman Martin French "Incentive options are important in retaining key staff and focusing their attention on increasing shareholder value in all their decision-making. Unlike cash bonuses, options entail putting additional money into the business rather than taking it out. The company especially recognises the key role of Dr Neil O'Brien in identifying and helping secure the Adeline acquisition in Labrador."

 

 

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 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:
Ajay Kejriwal
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:
Chesterfield Resources Plc
b)
LEI:
213800EF8I2TT767IU35
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 of 0.1 pence
GB00BF2F1X78
b)
Nature of the transaction:
Grant of options over ordinary shares
c)
Price(s) and volume(s):
Price(s)
Volume(s)
12 pence
500,000
d)
Aggregated information:
Aggregated volume:
Price:
Single transaction as in 4 c) above
Price(s)
Volume(s)
12 pence
500,000
e)
Date of the transaction:
2021-07-02
f)
Place of the transaction:
Off-market

 

1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
Dave Cliff
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:
Chesterfield Resources Plc
b)
LEI:
213800EF8I2TT767IU35
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 of 0.1 pence
GB00BF2F1X78
b)
Nature of the transaction:
Grant of options over ordinary shares
c)
Price(s) and volume(s):
Price(s)
Volume(s)
12 pence
250,000
d)
Aggregated information:
Aggregated volume:
Price:
Single transaction as in 4 c) above
Price(s)
Volume(s)
12 pence
250,000
e)
Date of the transaction:
2021-07-02
f)
Place of the transaction:
Off-market

 

1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
Paul Ensor
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:
Chesterfield Resources Plc
b)
LEI:
213800EF8I2TT767IU35
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 of 0.1 pence
GB00BF2F1X78
b)
Nature of the transaction:
Grant of options over ordinary shares
c)
Price(s) and volume(s):
Price(s)
Volume(s)
12 pence
250,000
d)
Aggregated information:
Aggregated volume:
Price:
Single transaction as in 4 c) above
Price(s)
Volume(s)
12 pence
250,000
e)
Date of the transaction:
2021-07-02
f)
Place of the transaction:
Off-market

 

1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
Neil O'Brien
2.
Reason for the notification
a)
Position/status:
PDMR
b)
Initial notification/Amendment:
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name:
Chesterfield Resources Plc
b)
LEI:
213800EF8I2TT767IU35
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 of 0.1 pence
GB00BF2F1X78
b)
Nature of the transaction:
Grant of options over ordinary shares
c)
Price(s) and volume(s):
Price(s)
Volume(s)
12 pence
1,000,000
d)
Aggregated information:
Aggregated volume:
Price:
Single transaction as in 4 c) above
Price(s)
Volume(s)
12 pence
1,000,000
e)
Date of the transaction:
2021-07-02
f)
Place of the transaction:
Off-market

 

**ENDS**

 For further information, please visit www.chesterfieldresourcesplc.com or contact:

 

Chesterfield Resources plc:
Martin French, Executive Chairman
Tel: +44(0) 7901 552277
Panmure Gordon (UK) Limited (Joint Broker):
John Prior & Hugh Rich
Tel: +44 (0)207 886 2500
Fox-Davies Capital Limited (Broker):
Daniel Fox-Davies
Tel: +44 (0)20 3884 8450

 

 

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