REG - Ecora Resources PLC - Notification of transactions by Directors
31/03/2025 16:00
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RNS Number : 9819C Ecora Resources PLC 31 March 2025
31 March 2025
Ecora Resources PLC
("Ecora" or the "Company")
Notification of transactions by Directors, Transfer of Treasury Shares and
Total Voting Rights
Ecora (LSE/TSX: ECOR, OTCQX: ECRAF) announces that on 27 March 2025 the
Company transferred 436,733 ordinary shares of 2 pence each in the Company
("Shares") out of treasury (the "Transfer"), to satisfy exercises of options
by a number of employees, including Marc Bishop Lafleche, Chief Executive
Officer and Kevin Flynn, Chief Financial Officer.
Mr. Bishop Lafleche and Mr. Flynn exercised 63,542 and 90,547 nil cost option
awards (the "Awards") granted under the Company's Long Term Inventive Plan
("LTIP") on 27 March 2025, respectively. The Awards vested on 24 February
2025, following the assessment of the performance conditions which are
disclosed in the 2024 Remuneration Report on pages 117 and 118 of the 2024
Annual Report and Accounts, available on the Company's website
www.ecora-resources.com (http://www.ecora-resources.com) . Subsequently, Mr.
Bishop Lafleche and Mr. Flynn sold 29,985 and 42,728 Shares, respectively, at
an average approximate price of £0.599 per Share, to satisfy income tax
associated with the Awards.
On 27 March 2025 awards of Shares were made under the Company's LTIP at nil
cost, with Mr. Bishop Lafleche granted 1,319,818 Awards and Mr. Flynn granted
804,135 Awards as detailed below. A share price of £0.6431, 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 March
2028, subject to the satisfaction of performance conditions linked to total
shareholder return, portfolio contribution and adjusted earnings per share as
detailed on page 112 of the 2024 Annual Report and Accounts. Any vested Shares
will then be subject to a further holding period of two years and will be
released in March 2030.
Total Voting Rights
Following the above Transfer, the Company's issued capital consisted of
261,732,553 Shares, of which 12,697,887 Shares were held in treasury.
Therefore, the total number of voting rights in the Company is 249,034,666.
This number may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under the FCA's
Disclosure and Transparency Rules.
These transactions took place on the London Stock Exchange.
Director Share Dealings - Further information
In accordance with Article 19 of the UK Market Abuse Regulation, the relevant
FCA notification is set out below.
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 Exercise of options and sale of shares.
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 March 2028; the Shares will then be subject to a further holding
period of two years and will be released in March 2030.
c. Price(s) and volume(s) Exercise of options - 27 March 2025
Price(s) Volume(s)
Nil (exercise of options) 63,542
Sale of shares - 27 March 2025
Price(s) Volume(s)
£0.5994 29,985
Grant of shares - 27 March 2025
Price(s) Volume(s)
Nil (grant of options) 1,319,818
d. Aggregated information
· Aggregated volume See above
· Price
e. Date of the transaction 27 March 2025
f. Place of the transaction London Stock Exchange, Main Market (XLON)
Sale of shares - 27 March 2025
Price(s) Volume(s)
£0.5994 29,985
Grant of shares - 27 March 2025
Price(s) Volume(s)
Nil (grant of options) 1,319,818
d.
Aggregated information
· Aggregated volume
· Price
See above
e.
Date of the transaction
27 March 2025
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 Exercise of options and sale of shares
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 March 2028; the Shares will then be subject to a further holding
period of two years and will be released in March 2030.
c. Price(s) and volume(s) Exercise of options
Price(s) Volume(s)
Nil (exercise of options) 90,547
Sale of shares
Price(s) Volume(s)
£0.5994 42,728
Grant of shares
Price(s) Volume(s)
Nil (grant of options) 804,135
d. Aggregated information
· Aggregated volume See above
· Price
e. Date of the transaction 27 March 2025
f. Place of the transaction London Stock Exchange, Main Market (XLON)
Sale of shares
Price(s) Volume(s)
£0.5994 42,728
Grant of shares
Price(s) Volume(s)
Nil (grant of options) 804,135
d.
Aggregated information
· Aggregated volume
· Price
See above
e.
Date of the transaction
27 March 2025
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
Website: www.ecora-resources.com (http://www.ecora-resources.com)
FTI Consulting +44(0) 20 3727 1000
Sara Powell / Ben Brewerton / Nick Hennis ecoraresources@fticonsulting.com (mailto:ecoraresources@fticonsulting.com)
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