REG - Caerus Mineral Res. - Grant of Options

Critical Mineral ResourcesAnnouncement

25/11/2022 15:15

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RNS Number : 6780H  Caerus Mineral Resources PLC  25 November 2022

25 November 2022

Caerus Mineral Resources PLC

('Caerus' or the 'Company')

Grant of Options

Caerus Mineral Resources PLC (LON:CMRS), the exploration and resource
development company focused on developing mineral resources to support the
global 'Clean Energy' initiative, announces the grant of options over a total
of 4,400,000 ordinary shares of 1 pence each in the capital of the Company
("Ordinary Shares") with an exercise price of 7.5 pence per Ordinary Share
("Options").

The Options will vest in three instalments and will have an exercise period of
five years. The first tranche will vest when the closing mid-market share
price reaches 7.5 pence or above for three consecutive trading days. The
second tranche will vest when the share price reaches 12.5 pence. The third
tranche will vest when the share price reaches 17.5 pence.

The board approved the issuance of these share option grants to incentivise
and retain the directors, who are considered key to enhancing the future
market value of the Company and notes the premium of the exercise price
relative to the current share price.

The option exercise price represents approximately a 36% premium to the
closing share price on 24 November 2022.

The information set out below is provided in accordance with the requirements
of Regulation 19(3) of the EU Market Abuse Regulation No 596/2014:

 

PDMR Notification

 

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                                                                                     1. Christopher Lambert

                                                                                              2. Charles Oliver Long

                                                                                              3. Russell Thomson

                                                                                              4. Dominic Traynor
 2                               Reason for the notification
 a)                              Position/status                                              1. Executive Chairman

                                                                                              2. Chief Executive Officer

                                                                                              3. Non-Executive Director

                                                                                              4. 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                                                         Caerus Mineral Resources plc
 b)                              LEI                                                          8945007F59CSJFZGR252
 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  Options of 7.5 pence each

                                 Identification code

                                                                                              ISIN: GB00BMDQ4L78
 b)                              Nature of the transaction                                    Grant of Options of 7.5 pence each
 c)                              Price(s)and volume(s)                                        Price(s)   Volume(s)
                                                                                              1.  7.5 pence  2,000,000
                                                                                              2.  7.5 pence  1,500,000
                                                                                              3.  7.5 pence  450,000
                                                                                              4.  7.5 pence  450,000

 
 d)                              Aggregated information

                                 Aggregated volume                                            4,400,000

                                 Price                                                        7.5 pence

 e)                              Date of the transaction(s)                                   25 November 2022
 f)                              Place of the transaction                                     Off-market transaction

 

d)

Aggregated information

 

Aggregated volume

 

Price

 

 

4,400,000

 

7.5 pence

 

e)

Date of the transaction(s)

25 November 2022

f)

Place of the transaction

Off-market transaction

 

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