First Class Metals - Issue of Share Options

FIRST CLASS METALS

17/07/2026 10:16

RNS Number : 8262M
  
First Class Metals PLC
  
17 July 2026
  
 



FIRST CLASS METALS PLC
17 July 2026
Issue of Share Options
 
First Class Metals plc (LSE: FCM) (the "Company"), the Ontario focused gold and critical metals exploration company, announces that it has issued options over a total of 14,795,000 ordinary shares of £0.001 each in the capital of the Company (the "Options") pursuant to the Company's Share Option Plan.
The Options have been granted to directors and senior management in recognition of their continued contribution to the Company and to further align their interests with those of shareholders through the Company's long-term growth strategy.
Details of share option awards




Option Holder


Number of Options


Exercise Price






James Knowles


2,000,000


£0.05




Marc Sale


2,000,000


£0.05




Marc Bamber


1,000,000


£0.05




Andrew Williamson


1,000,000


£0.05




Siddharth Muricken


1,000,000


£0.05




Marc Sale


795,000


£0.02




James Knowles


2,000,000


£0.10




Marc Sale


2,000,000


£0.10




Marc Bamber


1,000,000


£0.10




Andrew Williamson


1,000,000


£0.10




Siddharth Muricken


1,000,000


£0.10




 
The Options with an exercise price of £0.05 and £0.10 relate to awards that were proposed in the Company's Prospectus published on 25 February 2025. The £0.05 Options vest in three equal tranches being: on the Date of Grant, the first anniversary of the Date of Grant and the second anniversary of the Date of Grant and are exercisable for a period of three years from the Date of Grant.
The £0.10 Options vest in four equal tranches on issue being: on the Date of Grant, the first anniversary of the Date of Grant, the second anniversary of the Date of Grant and the third anniversary of the Date of Grant and are exercisable for a period of four years from the Date of Grant.
The 795,000 Options granted to Marc Sale with an exercise price of £0.02 were awarded pursuant to the proposals set out in the Company's Prospectus published on 26 July 2022 award in conjunction with the Company's admission to the Official List. These vest immediately on the Date of Grant and expire on 28 July 2027.
The Date of Grant for all of the Options is 17 July 2026.
Following the above issue, the Company has 14,795,000 share options outstanding, representing approximately 3.3% of its issued share capital.
For Further Information:
Engage with us by asking questions, watching video summaries, and seeing what other shareholders have to say. Navigate to our Interactive Investor hub here:   https://firstclassmetalsplc.com
James Knowles, Executive Chair

Email: JamesK@Firstclassmetalsplc.com 

Tel: 07488 362641
Marc J Sale, CEO and Executive Director

Email: MarcS@Firstclassmetalsplc.com 

Tel: 07711 093532
AlbR Capital Limited (Financial Adviser)

David Coffman/Dan Harris

Website: www.albrcapital.com 

Tel: (0)20 7469 0930
Axis Capital Markets (Broker)

Richard Hutchinson 

Website: Axcap247.com

Tel: (0)203 026 0449
 
Notification and public disclosure of transaction by person discharging managerial responsibilities




1


Details of the person discharging managerial responsibilities/person closely associated




a.


Name






1-James Knowles
2-Marc Sale
3-Marc Bamber
4-Andrew Williamson
5-Siddharth Muricken




2


Reason for notification 




a.


Position/Status






1-Executive Chairman
2-Director & CEO
3-NED
4-NED
5-Company Secretary




b.


Initial notification/
Amendment






 17 July 2026




3


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




a.


Name






First Class Metals PLC




b.


LEI






894500V981ZTFLGVOZ38




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 £0.001 each
 
ISIN Code: GB00BPJGTF16




b.


Nature of the transaction






Grant & Issue of Options




c.


Price(s) and volume(s)










Price


Volume






1)     5.0p


2,000,000




2)     5.0p


2,000,000




3)     5.0p


1,000,000




4)     5.0p


1,000,000




5)     5.0p


1,000,000




6)     2.0p


795,000




7)     10.0p


2,000,000




8)     10.0p


2,000,000




9)     10.0p


1,000,000




10)   10.0p


1,000,000




11)   10.0p


1,000,000




 
 




d.


Aggregated information
 
- Aggregated Volume
 
- Price






Aggregated Volume =14,795,000
 
(795,000 @ 2p, 7,000,000 @ 5p & 7,000,000 @ 10p)




e.


Date of the transaction






17 July 2026




f.


Place of the transaction






London UK




 
 
 




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