REG - Chesterfield Res Plc - Incentive Options

Chesterfield ResourcesAnnouncement

02/07/2021 16:30

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




 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
DSHUPUWPMUPGGAP