REG - Corcel PLC - Issue of Shares under SIP and Director's Dealings

CorcelAnnouncement

06/04/2022 18:15

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RNS Number : 5471H  Corcel PLC  06 April 2022

Corcel PLC

("Corcel" or the "Company")

 

Issue of Shares under Share Incentive Plan and

Director's Dealings

 

 

6 April 2022

 

Corcel Plc, ("Corcel" or "the Company"), the natural resource exploration and
development company with interests in battery metals and flexible grid
solutions, announces that on 5 April 2022, the Board of Directors approved the
issuance of 896,549 ordinary shares of £0.0001 each in the Company ("New
Ordinary Shares") under the Company's Share Incentive Plan ("SIP") for the
2021/22 tax year as agreed in the Trustees meeting held on 1 April 2022.

 

Director's Participation

 

In respect of the 2021/22 tax year, Mr. Kaintz has purchased and been awarded
648,274 New Ordinary Shares under the SIP. These shares issued to Mr. Kaintz
have been included in the table below, which sets out the total shareholding
and interests of the Director in the enlarged share capital of the Company.

 

 Directors     New Ordinary Shares  Ordinary Shares Post Issuance     Total Shares  % of Issued Share Capital  Warrants   Options

                                    Direct           Indirect
 Scott Kaintz  648,274              3,554,550        2,402,549*       5,957,099     1.35%                      2,185,417  9,711,964

 

* Mr. S. Kaintz is a beneficiary of 2,402,549 shares held on his behalf by
Corcel Plc Share Incentive Plan Trustees.

 

Admission to Trading on AIM and Total Voting Rights

 

Application is being made to AIM for 896,549 New Ordinary Shares, allotted in
relation to the SIP for 2021/22 tax year, to be admitted to trading on AIM,
the admission of which it is expected on or around 12 April 2022.

 

In accordance with the provision of the Disclosure Guidance and Transparency
Rules of the Financial Conduct Authority, the Company confirms that, following
the issue of the Placing Shares its issued ordinary share capital will
comprise 440,878,295 ordinary shares.

All of the ordinary shares have equal voting rights and none of the ordinary
shares are held in Treasury. The total number of voting rights in the Company
will therefore be 440,878,295. The above figure may be used by shareholders as
the denominator for the calculations to determine if they are required to
notify their interests in, or change to their interest in, the Company.

 

For Further Information Contact:

Scott Kaintz 020 7747
9960
Corcel Plc CEO

James Joyce / Andrew de Andrade 0207 220
1666                    WH Ireland Ltd NOMAD & Broker

Simon Woods 0207 3900
230
                             Vigo Consulting IR

 

This announcement contains inside information for the purposes of Article 7 of
Regulation 2014/596/EU, which is part of domestic UK law pursuant to the
Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed
in accordance with the Company's obligations under Article 17.

 

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                              Scott Kaintz

 2   Reason for notification
 a)  Position / status                                                 Executive Director, PDMR

 b)  Initial notification                                              Initial Notification

     /Amendment
 3   Details of the issuer, emission allowance market participant, auctionplatform,
     auctioneer or auction monitor
 a)  Name                                                              Corcel Plc

 b)  LEI                                                               LEI: 2138009ECXQQ3EGKVY57

 4   Details of the transaction(s):
     section to be repeated for (i) each type ofinstrument; (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       Ordinary shares of £0.0001 each in Corcel Plc

      Identification code

                                                                       ISIN GB00BKM69866

     Nature of the transaction                                         Issue of ordinary shares under Corcel Plc Share Incentive Plan
 c)  Price(s) and volumes(s)

  Name(s)       Price(s)   Volumes(s)
                                                                        Scott Kaintz   £0.0145    248,275

                                                                               £0.0135    399,999

 
 d)  Aggregated information

     -     Aggregated Volume

                                                                       648,274 shares

     -     Aggregated

Price

                                                                       £0.01388

 e)  Date of the transaction                                           5 April 2022
 f)  Place of the transaction                                          Outside of trading venue

 

d)

Aggregated information

-     Aggregated Volume

 

-     Aggregated

Price

 

 

648,274 shares

 

£0.01388

 

e)

Date of the transaction

5 April 2022

f)

Place of the transaction

Outside of trading venue

 

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