REG - ECR Minerals PLC - Issue of Equity and Total Voting Rights

ECR MineralsAnnouncement

02/01/2026 07:00

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RNS Number : 4390N  ECR Minerals PLC  02 January 2026

 

 

2 January 2026

 

ECR MINERALS PLC

 

("ECR Minerals", "ECR" or the "Company")

 

Issue of Equity, Total Voting Rights

and

PDMR dealings

 

ECR Minerals plc (LON: ECR), the exploration and development company focused
on gold in Australia, announces the issue of new ordinary shares of 0.001
pence each in ECR (the "Ordinary Shares") in respect of the board of directors
of ECR's (the "Board" or the Directors") ongoing remuneration policy, whereby
each Director and certain advisers to the Company are remunerated partially
through the issue of new Ordinary Shares.

 

Nick Tulloch, Chairman, will receive 7,933,709 new Ordinary Shares, as payment
in lieu of £22,500 of his accrued remuneration for the period from 1 October
2025 to 31 December 2025.  Andrew Scott, Mike Parker and Chris Gibbs,
Non-Executive Directors, will each receive 2,115,655 new Ordinary Shares, as
payment in lieu of £6,000 of their accrued remuneration for the same period.
 

 

Certain professional advisers will receive 3,113,962 new Ordinary Shares in
total, as payment in lieu of an aggregate of £8,831 of their accrued
remuneration and fees for the period from 1 October 2025 to 31 December 2025.
 

 

All of these new Ordinary Shares are to be issued at a price of 0.2836 pence
per new Ordinary Share which was the volume weighted average share price for
Ordinary Shares over the previous 14 days to 31 December 2025.

 

PDMR dealings

 

Pursuant to the arrangements set out above, a total of 17,394,636 new Ordinary
Shares will be issued by the Company. Following this issuance, the total
numbers of Ordinary Shares that will be held following Admission (as defined
below) by the Directors, as Persons Discharging Managerial Responsibility
("PDMRs") of the Company as at the date of this announcement, are as follows:

 

 Name          New Ordinary Shares to be issued  Total Ordinary Shares held in the Company following Admission  As a percentage of the Company's enlarged issued ordinary share capital
                                                                                                                following Admission
 Nick Tulloch  7,933,709                         86,456,616                                                     3.21%
 Andrew Scott  2,115,655                         29,849,941                                                     1.11%
 Mike Parker   2,115,655                         12,158,236                                                     0.45%
 Chris Gibbs   2,115,655                         2,996,090                                                      0.11%
 Total         14,280,674

 

The FCA notification in respect of these PDMR dealings, made in accordance
with the requirements of the UK Market Abuse Regulation, is appended further
below.

 

Admission and Total Voting Rights

 

Application has been made for 17,394,636 new Ordinary Shares to be admitted to
trading on AIM ("Admission") and it is expected that Admission will become
effective on or around 8 January 2026. The 17,394,636 new Ordinary Shares will
rank pari passu with the existing Ordinary Shares. Upon Admission, ECR's
issued ordinary share capital will comprise 2,690,888,025 Ordinary Shares.
This number will represent the total voting rights in the Company, and,
following Admission may be used by shareholders as the denominator for the
calculation by which they can determine if they are required to notify their
interest in, or a change to their interest in, the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

 ECR Minerals Plc                                                                                                                                                                                                                                   Tel: +44 (0) 20 8080 8176
 Nick Tulloch, Chairman                                                                                                                                                                                                                             info@ecrminerals.com (mailto:info@ecrminerals.com)

 Andrew Scott, Director

 Website: www.ecrminerals.com
 (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.ecrminerals.com%2F&esheet=51817334&newsitemid=20180605005810&lan=en-US&anchor=www.ecrminerals.com&index=1&md5=820ad49dc1fc2c84a0538453c017bc1b)

 Allenby Capital Limited                                                                                                                                                                                                                            Tel: +44 (0) 3328 5656
 Nominated Adviser and Joint Broker                                                                                                                                                                                                                 info@allenbycapital.com (mailto:info@allenbycapital.com)

 Alex Brearley / Nick Naylor / Vivek Bhardwaj (Corporate Finance)

 Kelly Gardiner (Sales and Corporate Broking)

 Axis Capital Markets Limited                                                                                                                                                                                                                       Tel: +44 (0) 203 026 0320
 Joint Broker
 Lewis Jones

 SI Capital Ltd                                                                                                                                                                                                                                     Tel: +44 (0) 1483 413500
 Joint Broker
 Nick Emerson

 Brand Communications                                                                                                                                                                                                                               Tel: +44 (0) 7976 431608
 Public & Investor Relations
 Alan Green

 

ABOUT ECR MINERALS PLC

 

ECR Minerals is a mineral exploration and development company operating
through three wholly owned Australian subsidiaries ECR Minerals (Australia)
Pty Ltd ("ECR Australia"), ECR Minerals (Queensland) Pty Ltd ("ECR
Queensland") and Raglan Resources Pty Ltd ("Raglan Resources").

 

ECR Australia owns the Bailieston and Creswick gold projects in central
Victoria, Australia as well as the Tambo gold project in eastern Victoria.

 

Raglan Resources has a mining lease at the Raglan alluvial gold project in
central Queensland, Australia and ECR Queensland has two approved exploration
permits over the nearby Blue Mountain alluvial gold project.  ECR is
currently working to bring both projects into production.  ECR Queensland
also has three approved exploration permits covering 946 km2 over a
relatively unexplored area in Lolworth Range in northern Queensland.
Furthermore, it has also submitted a licence application at Kondaparinga which
is approximately 120km2 in area and located within the Hodgkinson Gold
Province, 80km NW of Mareeba, North Queensland.

 

Following the sale of the Avoca, Moormbool and Timor gold projects in
Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the
subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd
(TSX-V: LVX), ECR Australia has the right to receive up to A$2 million in
payments subject to future resource estimation or production from these
projects.

 

ECR Australia also has approximately A$76 million of unutilised tax losses
incurred during previous operations.

 

 

The following notification, made in accordance with the requirements of the UK
Market Abuse Regulation, gives further details.

 

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

Name          Position
                                                                      Nick Tulloch  Chairman
                                                                      Andrew Scott  Non-Executive Director
                                                                      Mike Parker   Non-Executive Director
                                                                      Chris Gibbs   Non-Executive Director

 

 2     Reason for the notification
 a)    Position/status                                                See above

 b)    Initial notification /Amendment                                Initial notification
 3     Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a)    Name                                                           ECR Minerals plc
 b)    LEI                                                            213800PBXY96KXHISJ17
 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 0.001p each in ECR Minerals plc

       Identification code                                            Identification code (ISIN) for ECR Minerals plc ordinary shares: GB00BYYDKX57
 b)    Nature of the transaction                                      Issue of new Ordinary Shares in lieu of salary
 c)    Price(s) and volume(s)                                         Name           Price(s)       Volume(s)
                                                                      Nick Tulloch  0.2836  pence   7,933,709
                                                                      Andrew Scott  0.2836  pence   2,115,655
                                                                      Mike Parker   0.2836  pence   2,115,655
                                                                      Chris Gibbs   0.2836  pence   2,115,655

 
 d)    Aggregated information:                                        N/A

       -      Aggregated volume

       -      Price
 e)    Date of the transaction                                        2 January 2026
 f)    Place of the transaction                                       Outside a trading venue

 

 

2

Reason for the notification

a)

Position/status

See above

 

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor

a)

Name

ECR Minerals plc

b)

LEI

213800PBXY96KXHISJ17

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

Identification code

Ordinary shares of 0.001p each in ECR Minerals plc

Identification code (ISIN) for ECR Minerals plc ordinary shares: GB00BYYDKX57

b)

Nature of the transaction

Issue of new Ordinary Shares in lieu of salary

c)

Price(s) and volume(s)

 Name           Price(s)       Volume(s)
 Nick Tulloch  0.2836  pence   7,933,709
 Andrew Scott  0.2836  pence   2,115,655
 Mike Parker   0.2836  pence   2,115,655
 Chris Gibbs   0.2836  pence   2,115,655

 

d)

Aggregated information:

-      Aggregated volume

-      Price

N/A

e)

Date of the transaction

2 January 2026

f)

Place of the transaction

Outside a trading venue

 

 

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