REG - Empire Metals Ltd - Grant of Options and Director Shareholding

Empire MetalsAnnouncement

20/04/2022 09:00

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RNS Number : 7318I  Empire Metals Limited  20 April 2022

Empire Metals Limited / LON: EEE / Sector: Natural Resources

20 April 2022

Empire Metals Limited ('Empire' or the 'Company')

Grant of Options and Director Shareholding

 

Empire Metals Limited, announces that the Remuneration Committee has agreed to
issue options over a total of 7,500,000 ordinary shares of no par value in the
capital of the Company ('Share Options') to the Managing Director of the
Company. The Share Options will vest immediately and will expire on 20 April
2026. The exercise price of the options will be as follows:

 

 Exercise price (£)         0.025      0.035      0.05
 Number of options granted  2,500,000  2,500,000  2,500,000

 

The Share Options represent in aggregate 2.2% of the existing issued ordinary
share capital of the Company and have been issued to the Managing Director of
the Company in line with the Company's ongoing incentive plans. Following the
grant of the Share Options, in aggregate there will be 27,500,000 ordinary
shares of no par value of the Company under option to directors of the
Company, representing 8.03% of the existing issued ordinary share capital of
the Company.

 

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 1.            Details of the person discharging managerial responsibilities/person closely
               associated
 a)            Name:                                                         Shaun Bunn
 2.            Reason for the notification
 a)            Position/status:                                              Managing Director
 b)            Initial notification/Amendment:                               Initial notification
 3.            Details of the issuer, emission allowance market participant, auction
               platform, auctioneer or auction monitor
 a)            Name:                                                         Empire Metals Limited
 b)            LEI:                                                          2138002IOR7OCZZPB279
 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:  Share options over ordinary shares of no par value

               Identification code:                                           VGG9688A1003
 b)            Nature of the transaction:                                    Grant of options over ordinary shares
 c)            Price(s) and volume(s):

   Price(s)    Volume(s)
                                                                             1.   2.5 pence   2,500,000
                                                                             2.   3.5 pence   2,500,000

                                                                             3.   5.0 pence   2,500,000

 
 d)            Aggregated information:                                       Single transactions as in 4 c) above

 Price(s)   Volume(s)
               Aggregated volume:                                             2.5 pence  2,500,000

               Price:
 

 Price(s)   Volume(s)
                                                                              3.5 pence  2,500,000

               Aggregated volume:
 

 Price(s)   Volume(s)
               Price:                                                         5.0 pence  2,500,000

 

               Aggregated volume:

               Price:
 e)            Date of the transaction:                                      2022-04-20

                                                                             08:00 hrs UTC
 f)            Place of the transaction:                                     Outside a trading venue

 

d)

Aggregated information:

Aggregated volume:

Price:

 

Aggregated volume:

Price:

 

Aggregated volume:

Price:

Single transactions as in 4 c) above

   Price(s)   Volume(s)
   2.5 pence  2,500,000

 

   Price(s)   Volume(s)
   3.5 pence  2,500,000

 

   Price(s)   Volume(s)
   5.0 pence  2,500,000

 

e)

Date of the transaction:

2022-04-20

08:00 hrs UTC

f)

Place of the transaction:

Outside a trading venue

 

**ENDS**

For further information please visit www.empiremetals.co.uk
(http://www.empiremetals.co.uk)   or contact:

 Empire Metals Ltd                                                                       Tel: 020 7907 9327

 Shaun Bunn / Greg Kuenzel
 S. P. Angel Corporate Finance LLP (Nomad & Broker)                                      Tel: 020 3470 0470

 Ewan Leggat / Adam Cowl
 Shard Capital Partners LLP (Joint Broker)                                               Tel: 020 7186 9950

 Damon Heath
 St Brides Partners Ltd (Financial                                                       Tel: 020 7236 1177
 PR)

 Susie Geliher / Ana Ribeiro / Selina Lovell

 

About Empire Metals Limited
Empire Metals is an AIM-listed (LON: EEE) exploration and resource development company with a project portfolio comprising gold interests in Australia and Austria.
The Company's strategy is to develop a pipeline of projects at different stages in the development curve. Its initial focus has been on the high-grade Eclipse and Gindalbie Gold Projects in Western Australia, with the goal to expand through the addition of further projects Australia-wide to develop a viable and compelling portfolio of precious and base metal assets.
Empire also holds a portfolio of three precious metals projects located an historically high-grade gold production region comprising the Rotgulden, Schonberg and Walchen prospects in central-southern Austria.
The Board continues to evaluate opportunities through which to realise the value of its wider portfolio and reviews further assets which meet the Company's investment criteria.

 

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