REG - Ecora Resources PLC - Notification of transactions by Directors
22/02/2024 16:30
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RNS Number : 1694E Ecora Resources PLC 22 February 2024
22 February 2024
Ecora Resources PLC
("Ecora" or the "Company")
Notification of transactions by Directors
Ecora Resources PLC (LSE/TSX: ECOR) announces that awards of Ordinary Shares
("Shares") were made under the Company's Long Term Incentive Plan ("LTIP") at
nil cost on 20 February 2024 to Directors as detailed below. A share price of
£0.8006, being the 5-day volume weighted average price before grant as
approved by the Company's Remuneration Committee, has been used to determine
the number of shares awarded.
The LTIP provides Directors with Shares awarded on a conditional basis as
determined by the Remuneration Committee. These awards will vest in February
2027, subject to the satisfaction of performance conditions linked to total
shareholder return, portfolio contribution and adjusted earnings per share.
Any vested Shares will then be subject to a further holding period of two
years and will be released in February 2029.
Director Share Dealings - Further information
The notifications below, made in accordance with the requirements of the UK
version of the Market Abuse Regulation (596/2014/EU)(( 1 (#_ftn1) )),
provides further detail in respect of the transactions as described at the
beginning of this announcement.
1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name Mr. Marc Bishop Lafleche
2. Reason for the notification
a. Position/status Chief Executive Officer of Ecora Resources PLC
b. Initial notification/Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Ecora Resources PLC
b. LEI 213800LXSV317746JZ71
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 2p Ordinary Shares
Financial instrument, type of instrument
Identification code GB0006449366
b. Nature of the transaction Award of Shares under the terms of the Ecora Resources PLC Long-Term Incentive
Plan 2021. Subject to the satisfaction of performance conditions, the award
will vest in February 2027; the Shares will then be subject to a further
holding period of two years and will be released in February 2029.
c. Price(s) and volume(s)
Price(s) Volume(s)
0.00p 882,367
d. Aggregated information
· Aggregated volume 882,367
· Price 0.00p
e. Date of the transaction 20 February 2024
f. Place of the transaction London Stock Exchange, Main Market (XLON)
d.
Aggregated information
· Aggregated volume
· Price
882,367
0.00p
e.
Date of the transaction
20 February 2024
f.
Place of the transaction
London Stock Exchange, Main Market (XLON)
1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name Mr. Kevin Flynn
2. Reason for the notification
a. Position/status Chief Financial Officer of Ecora Resources PLC
b. Initial notification/Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a. Name Ecora Resources PLC
b. LEI 213800LXSV317746JZ71
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 2p Ordinary Shares
Financial instrument, type of instrument
Identification code GB0006449366
b. Nature of the transaction Award of Shares under the terms of the Ecora Resources PLC Long-Term Incentive
Plan 2021. Subject to the satisfaction of performance conditions, the award
will vest in February 2027; the Shares will then be subject to a further
holding period of two years and will be released in February 2029.
c. Price(s) and volume(s)
Price(s) Volume(s)
0.00p 522,598
d. Aggregated information
· Aggregated volume 522,598
· Price 0.00p
e. Date of the transaction 20 February 2024
f. Place of the transaction London Stock Exchange, Main Market (XLON)
d.
Aggregated information
· Aggregated volume
· Price
522,598
0.00p
e.
Date of the transaction
20 February 2024
f.
Place of the transaction
London Stock Exchange, Main Market (XLON)
For further information:
Ecora Resources PLC +44 (0) 20 3435 7400
Jason Gray - Company Secretary
Camarco +44 (0) 20 3757 4997
Gordon Poole / Owen Roberts / Elfie Kent
Website: www.e (http://www.ecora-resources.com) cora-resources.
(http://www.ecora-resources.com) com (http://www.ecora-resources.com)
1 (#_ftnref1) This is part of UK law by virtue of the European Union
Withdrawal Act 2018.
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