REG - Empire Metals Ltd - Grant of Options
23/03/2023 07:15
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RNS Number : 9896T Empire Metals Limited 23 March 2023
Empire Metals Limited / LON: EEE / Sector: Natural Resources
23 March 2023
Empire Metals Limited
("Empire" or "the Company")
Grant of Options
Empire Metals Limited (LON: EEE), the AIM-quoted resource exploration and
development company, announces that the Remuneration Committee has agreed to
issue options over a total of 28,500,00 ordinary shares of no-par value in the
capital of the Company ('Share Options') to Directors and an employee of the
Group. The Share Options will vest immediately and will expire on 22 March
2028. The exercise price of the options will be as follows:
Exercise price (£) 0.025 0.03
Number of options granted 14,250,000 14,250,000
The Share Options represent in aggregate 5.90% of the existing issued ordinary
share capital of the Company and have been issued to a number of directors and
an employee of the Company's operating subsidiary, Eclipse Exploration Pty
Ltd, in line with the Group's ongoing incentive plans. Following the grant of
the Share Options, in aggregate there will be 45,300,000 ordinary shares of no
par value of the Company under option to directors and employees of the
Company, representing 9.38% of the existing issued ordinary share capital of
the Company.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed
inside information for the purposes of Article 7 of Regulation (EU) No
596/2014, as incorporated into UK law by the European Union (Withdrawal) Act
2018, until the release of this announcement.
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 5,000,000
2. 3.0 pence 5,000,000
d) Aggregated information: Single transactions as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 2.5 pence 5,000,000
Price:
Price(s) Volume(s)
3.0 pence 5,000,000
Aggregated volume:
Price:
e) Date of the transaction: 2023-03-22
19:00 hrs UTC
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
Aggregated volume:
Price:
Aggregated volume:
Price:
Single transactions as in 4 c) above
Price(s) Volume(s)
2.5 pence 5,000,000
Price(s) Volume(s)
3.0 pence 5,000,000
e)
Date of the transaction:
2023-03-22
19:00 hrs UTC
f)
Place of the transaction:
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Andrew Faragher
2. Reason for the notification
a) Position/status: Exploration Manager
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 1,500,000
2. 3.0 pence 1,500,000
d) Aggregated information: Single transactions as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 2.5 pence 1,500,000
Price:
Price(s) Volume(s)
3.0 pence 1,500,000
Aggregated volume:
Price:
e) Date of the transaction: 2023-03-22
19:00 hrs UTC
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
Aggregated volume:
Price:
Aggregated volume:
Price:
Single transactions as in 4 c) above
Price(s) Volume(s)
2.5 pence 1,500,000
Price(s) Volume(s)
3.0 pence 1,500,000
e)
Date of the transaction:
2023-03-22
19:00 hrs UTC
f)
Place of the transaction:
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Neil O'Brien
2. Reason for the notification
a) Position/status: Non-Executive Chairman
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. 3.0 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)
Aggregated volume: 3.0 pence 2,500,000
Price:
e) Date of the transaction: 2023-03-22
19:00 hrs UTC
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
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)
3.0 pence 2,500,000
e)
Date of the transaction:
2023-03-22
19:00 hrs UTC
f)
Place of the transaction:
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Gregory Kuenzel
2. Reason for the notification
a) Position/status: Finance 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 3,250,000
2. 3.0 pence 3,250,000
d) Aggregated information: Single transactions as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 2.5 pence 3,250,000
Price:
Price(s) Volume(s)
Aggregated volume: 3.0 pence 3,250,000
Price:
e) Date of the transaction: 2023-03-22
19:00 hrs UTC
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
Aggregated volume:
Price:
Aggregated volume:
Price:
Single transactions as in 4 c) above
Price(s) Volume(s)
2.5 pence 3,250,000
Price(s) Volume(s)
3.0 pence 3,250,000
e)
Date of the transaction:
2023-03-22
19:00 hrs UTC
f)
Place of the transaction:
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Peter Damouni
2. Reason for the notification
a) Position/status: Non-Executive 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 2,000,000
2. 3.0 pence 2,000,000
d) Aggregated information: Single transactions as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 2.5 pence 2,000,000
Price:
Price(s) Volume(s)
Aggregated volume: 3.0 pence 2,000,000
Price:
e) Date of the transaction: 2023-03-22
19:00 hrs UTC
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
Aggregated volume:
Price:
Aggregated volume:
Price:
Single transactions as in 4 c) above
Price(s) Volume(s)
2.5 pence 2,000,000
Price(s) Volume(s)
3.0 pence 2,000,000
e)
Date of the transaction:
2023-03-22
19:00 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 / Erik Woolgar
St Brides Partners Ltd (Financial Tel: 020 7236 1177
PR)
Susie Geliher / Ana Ribeiro / Max Bennett
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 current focus is on the Pitfield Copper Project in Western Australia, which has demonstrated strong potential to be a new "Giant" copper province. The Company is also advancing the Eclipse-Gindalbie Project in Western Australia, which is prospective for high-grade gold and also kaolin, which is used extensively in a number of industries and is considered to be a desirable feedstock for the production of high-purity alumina - an essential component in lithium-ion batteries.
The Company also has two further exploration projects in Australia; the Walton Copper-Gold Project in Western Australia, and the Stavely Copper-Gold Project in the Stavely Arc region of Victoria, in addition to three precious metals projects located in a historically high-grade gold production region in central-southern Austria.
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