REG - Empire Metals Ltd - Grant of Options
29/11/2023 07:30
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RNS Number : 0486V Empire Metals Limited 29 November 2023
Empire Metals Limited / LON: EEE / Sector: Natural Resources
29 November 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 8,400,000 ordinary shares of no-par value in the
capital of the Company at an exercise price of 8.6 pence ('Share Options') to
Directors. The Share Options will vest immediately and will expire on 28
November 2028.
The Share Options represent in aggregate 1.48% of the existing issued ordinary
share capital of the Company and have been issued to directors in line with
the Company's ongoing incentive plans. Following the grant of the Share
Options, in aggregate there will be 56,700,000 ordinary shares of no par value
of the Company under option to directors and employees of the Company,
representing 9.99% 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)
8.6 pence 2,800,000
d) Aggregated information: Single transactions as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 8.6 pence 2,800,000
Price:
e) Date of the transaction: 2023-11-29
07:05 hrs UTC
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
Aggregated volume:
Price:
Single transactions as in 4 c) above
Price(s) Volume(s)
8.6 pence 2,800,000
e)
Date of the transaction:
2023-11-29
07:05 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)
8.6 pence 1,610,000
d) Aggregated information: Single transactions as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 8.6 pence 1,610,000
Price:
e) Date of the transaction: 2023-11-29
07:05 hrs UTC
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
Aggregated volume:
Price:
Single transactions as in 4 c) above
Price(s) Volume(s)
8.6 pence 1,610,000
e)
Date of the transaction:
2023-11-29
07:05 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)
8.6 pence 2,450,000
d) Aggregated information: Single transactions as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 8.6 pence 2,450,000
Price:
e) Date of the transaction: 2023-11-29
07:05 hrs UTC
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
Aggregated volume:
Price:
Single transactions as in 4 c) above
Price(s) Volume(s)
8.6 pence 2,450,000
e)
Date of the transaction:
2023-11-29
07:05 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)
8.6 pence 1,540,000
d) Aggregated information: Single transactions as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 8.6 pence 1,540,000
Price:
e) Date of the transaction: 2023-11-29
07:05 hrs UTC
f) Place of the transaction: Outside a trading venue
d)
Aggregated information:
Aggregated volume:
Price:
Single transactions as in 4 c) above
Price(s) Volume(s)
8.6 pence 1,540,000
e)
Date of the transaction:
2023-11-29
07:05 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 4583 1440
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
About Empire Metals Limited
Empire Metals is an AIM-listed (LON: EEE) exploration and resource development
company with a project portfolio comprising copper, titanium and 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 Project
in Western Australia, which has demonstrated to contain a newly recognised
giant mineral system that hosts a globally significant titanium discovery.
The Company is also advancing the Eclipse-Gindalbie Project in Western
Australia, which is prospective for high-grade gold and also kaolin used to
produce high-purity alumina, an essential component in lithium-ion batteries.
The Company also has two further exploration projects in Australia; the Walton
Project in Western Australia, and the Stavely Project in the Stavely Arc
region of Victoria, in addition to three precious metals projects located in a
historically high-grade gold producing region of Austria.
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