REG - Critical Mineral - PDMR Dealing

Critical Mineral ResourcesAnnouncement

22/07/2024 07:00

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RNS Number : 1649X  Critical Mineral Resources PLC  22 July 2024

22 July 2024

Critical Mineral Resources PLC

('CMR' or the 'Company')

PDMR Dealing

 

Further to an announcement on 17 July 2024, Critical Mineral Resources PLC
the exploration and resource development company focused on developing
critical minerals resources in Morocco, announces the issue of ordinary shares
of 1 pence each in the capital of the Company ("Ordinary Shares") at par to
eligible employees under the CMR Equity Incentive Scheme.

 

Application is being made for 7,345,350 Ordinary Shares to be admitted to
trading on the Main Market of the London Stock Exchange which is expected
to occur at 8.00 a.m. on or around (Thursday 25 July 2024). The Ordinary
Shares will rank pari passu in all respects with the existing Ordinary
Shares of the Company.

 

The shares are subject to forfeiture conditions as follows. The shares
granted to each eligible employee will be divided by three - referred to as
the first, second and third tranches. The first tranche will be released from
forfeiture obligations if after 12 months the share price is 2.5p or higher,
the second tranche will be released from forfeiture obligations if, after 24
months the share price is 3.5p or higher, and the third tranche will be
released from forfeiture obligations if after 36 months the share price is
5.0p or higher.

 

Following Admission, the Company's enlarged issued share capital will
be 80,798,859.  The Company holds 2,666,666 ordinary shares in treasury and
is not permitted to exercise voting rights attached to these shares.
Therefore, Total Voting Rights (TVR) calculation should be based on the figure
of 78,132,193. This figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure Guidance and
Transparency Rules.

 

Director Participation

The Directors of the Company form part of the eligible employees under the CMR
Equity Incentive Scheme. Details of the issue to the Directors are as follows:

 

 Name                 Existing Shareholding  %      Number of equity incentive shares  Shareholdings on Admission  Percentage of issued share capital on Admission  Percentage of TVR on Admission
 Charles Long         -                      -      2,203,605                          2,203,605                   2.73%                                            2.82%
 Dominic Traynor      650,000                0.88%  2,203,605                          2,853,605                   3.53%                                            3.65%
 Noureddine Sabraoui  -                      -      2,203,605                          2,203,605                   2.73%                                            2.82%
 Russell Thomson      6,000,000              8.17%  734,535                            6,734,535                   8.33%                                            8.62%

 

 

 

 Notification and public disclosure of transaction by person discharging
managerial responsibilities

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                                                     1)    Charles Long

                                                                                              2)    Dominic Traynor

                                                                                              3)    Noureddine Sabraoui

                                                                                              4)    Russell Thomson
 2   Reason for notification
 a.  Position/Status                                                                          1)    Director

                                                                                              2)    Director

                                                                                              3)    Director

                                                                                              4)    Director
 b.  Initial notification/ Amendment                                                          Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a.  Name                                                                                     Critical 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                              Ordinary shares of £0.01

Identification Code

                                                                                              ISIN Code: GB00BMDQ4L78
 b.  Nature of the transaction                                                                participation in subscription and shares issued in lieu of salary or fees
 c.  Price(s) and volume(s)                                                                   Price           Volume
                                                                                              1)    £nil      2,203,625
                                                                                              2)    £nil      2,203,625
                                                                                              3)    £ni       2,203,625
                                                                                              4)    £nil      734,535
 d.  Aggregated information                                                                   7,345,350 Shares

£nil
     - Aggregated Volume

     - Price
 e.  Date of the transaction                                                                  19 July 2024
 f.  Place of the transaction                                                                 London Stock Exchange

d.

Aggregated information

- Aggregated Volume

- Price

7,345,350 Shares

£nil

 

e.

Date of the transaction

19 July 2024

f.

Place of the transaction

London Stock Exchange

 

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