REG - ECR Minerals PLC - Issue of Equity, Option Grant and TVR

ECR MineralsAnnouncement

06/05/2026 07:00

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RNS Number : 1262D  ECR Minerals PLC  06 May 2026

 

 

6 May 2026

 

ECR MINERALS PLC

 

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

 

Issue of Equity, Grant of Options, 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 11,538,461 new Ordinary Shares, as
payment in lieu of £30,000 of his accrued remuneration for the period from 1
January 2026 to 31 March 2026.  Andrew Scott, Non-Executive Director, will
receive 5,288,461 new Ordinary Shares, as payment in lieu of £13,750 of his
accrued remuneration for the same period. Mike Parker, Non-Executive Director,
will receive 3,942,307 new Ordinary Shares, as payment in lieu of £10,250 of
his accrued remuneration for the same period.  Chris Gibbs, Non-Executive
Director, will receive 2,307,692 new Ordinary Shares, as payment in lieu of
£6,000 of his accrued remuneration for the same period.

 

Certain consultants and professional advisers will receive in aggregate
2,786,858 new Ordinary Shares, as payment in lieu of an aggregate of £7,246
of their accrued remuneration and fees for the period from 1 January 2026 to
31 March 2026.

 

All of the new Ordinary Shares are to be issued at a price of 0.26 pence per
new Ordinary Share, being a price equal to the issue price of the Company's
subscription announced on 8 January 2026.

 

In line with the Directors Remuneration Report outlined in the Company's
annual report and accounts for the year ended 30 September 2025, ECR has also
granted options ("Options") to Chris Gibbs, Non-Executive Director, to
subscribe for 2,952,061 new Ordinary Shares as payment in lieu of £5,167 of
his accrued consultancy fees for providing management services for ECR's
Australian operations during the same period.  Each Option may be exercised
at 0.26 pence per new Ordinary Share over 5 years from the date of grant.

 

PDMR dealings

 

Pursuant to the arrangements set out above, a total of 25,863,779 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  Options held in the Company
                                                                                                                following Admission
 Nick Tulloch  11,538,461                        97,995,077                                                     2.95%                                                                    70,000,000
 Andrew Scott  5,288,461                         35,138,402                                                     1.06%                                                                    40,000,000
 Mike Parker   3,942,307                         16,100,543                                                     0.49%                                                                    -
 Chris Gibbs   2,307,692                         5,303,782                                                      0.16%                                                                    2,952,061
 Total         23,076,921

 

The FCA notification in respect of these PDMR dealings and grant of Options,
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 25,863,779 new Ordinary Shares to be admitted to
trading on AIM ("Admission") and it is expected that Admission will become
effective on or around 11 May 2026. The 25,863,779 new Ordinary Shares will
rank pari passu with the existing Ordinary Shares. Upon Admission, ECR's
issued ordinary share capital will comprise 3,316,751,795 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) 20 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)

 OAK Securities                                                                                                                                                                                                                                                       Tel: +44 (0) 20 3973 3678

 Joint Broker

 Jerry Keen / Robert Bell

 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 ECR Minerals (Raglan) Pty Ltd ("ECR Raglan").

 

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 km(2) over a
relatively unexplored area in Lolworth Range in northern Queensland.
Furthermore, it has also submitted a licence application at Kondaparinga which
is approximately 120km(2) 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$77 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  0.26 pence  11,538,461
                                                                      Andrew Scott  0.26 pence  5,288,461
                                                                      Mike Parker   0.26 pence  3,942,307
                                                                      Chris Gibbs   0.26 pence  2,307,692

 
 d)    Aggregated information:                                        N/A

       -      Aggregated volume

       -      Price
 e)    Date of the transaction                                        6 May 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  0.26 pence  11,538,461
 Andrew Scott  0.26 pence  5,288,461
 Mike Parker   0.26 pence  3,942,307
 Chris Gibbs   0.26 pence  2,307,692

 

d)

Aggregated information:

-      Aggregated volume

-      Price

N/A

e)

Date of the transaction

6 May 2026

f)

Place of the transaction

Outside a trading venue

 

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

Name         Position
                                                                      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                                      Grant of options over new Ordinary Shares

 c)    Price(s) and volume(s)                                         Name          Price(s)   Volume(s)
                                                                      Chris Gibbs  0.26 pence  2,952,061

 
 d)    Aggregated information:                                        N/A

       -      Aggregated volume

       -      Price
 e)    Date of the transaction                                        6 May 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

Grant of options over new Ordinary Shares

 

c)

Price(s) and volume(s)

 Name          Price(s)   Volume(s)
 Chris Gibbs  0.26 pence  2,952,061

 

d)

Aggregated information:

-      Aggregated volume

-      Price

N/A

e)

Date of the transaction

6 May 2026

f)

Place of the transaction

Outside a trading venue

 

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