REG - GreenRoc Mining PLC - Grant of Share Options

GreenRoc Strategic MaterialsAnnouncement

14/04/2023 15:15

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RNS Number : 3111W  GreenRoc Mining PLC  14 April 2023

GreenRoc Mining plc / EPIC: GROC / Market: AIM / Sector: Mining

 

14 April 2023

GreenRoc Mining plc

("GreenRoc" or the "Company")

 

Grant of Share Options

 

GreenRoc Mining Plc (AIM: GROC), a company focused on the development of
critical mineral projects in Greenland, announces the grant on 14 April 2023
of 300,000 share options over new ordinary shares in the Company ("Options")
to each of Mark Rachovides and Lars Brünner, Non-Executive Directors of the
Company, as follows:

 

 Director / Senior Management   New Options  Exercise price  Vesting Date       Total Options Granted
 Mr Lars Brünner                225,000      10 pence        Vested
                                37,500       10 pence        28 June 2023
                                37,500       10 pence        28 September 2023  300,000
 Mr Mark Rachovides             225,000      10 pence        Vested
                                37,500       10 pence        28 June 2023
                                37,500       10 pence        28 September 2023  300,000

 

Neither Mr Brünner nor Mr Rachovides has previously been awarded share
options by the Company.  The terms of these awards mirror the share option
award which was made to Mr Mark Austin, the Company's other Non-Executive
Director, upon the Company's admission to trading on AIM in September 2021.

 

The Options are awarded subject to the terms, conditions and rules set out in
the GreenRoc Mining Plc Long Term Incentive Plan (the "LTIP Rules").  Subject
as aforesaid, the Options shall be exercisable at the exercise price and from
the vesting dates set out above, unless an earlier event occurs to cause them
to become exercisable or to lapse under the LTIP Rules.  The Options shall
lapse on 28 September 2026, to the extent they are not exercised before then
and provided no event occurs to cause them to lapse earlier under the LTIP
Rules.

 

 

**ENDS**

 

For further information, please contact:

 GreenRoc Mining plc                                                           +44 20 3950 0724

 Stefan Bernstein, CEO

 Cairn Financial Advisers LLP (Nomad)                                          +44 20 7213 0880

 James Caithie / Sandy Jamieson / Louise O'Driscoll

 SP Angel (Broker)                                                             +44 20 3470 0500

 Ewan Leggat, Charlie Bouverat

 St Brides Partners Ltd (Financial PR & IR) Susie Geliher / Paul Dulieu /      +44 20 7236 1177
 Isabelle Morris

 

About GreenRoc

GreenRoc Mining plc is an AIM-quoted company which is developing mining
projects in Greenland in critical, high-demand and high-value minerals.

 

Led by a group of highly experienced mining industry professionals, GreenRoc
has a portfolio of 100% owned projects all of which have defined Resources:

 

·     Amitsoq Graphite Project, one of the highest-grade graphite
deposits in the world with a combined Measured, Indicated and Inferred JORC
Resource of 23.05 million tonnes (Mt) at an average grade of 20.41% graphite,
giving a total graphite content of 4.71 Mt;

 

·     Thule Black Sands Ilmenite Project ('TBS'), which has an initial
Mineral Resource of 19Mt at 43.6% Total Heavy Minerals with an in-situ
ilmenite grade of 8.9%; and

 

·     Melville Bay Iron Project, which has a Mineral Resource Estimate of
67Mt at 31.4% iron and has been proven to be processable to a high-grade, 70%
concentrate with low impurities.

 

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 1     Details of the person discharging managerial responsibilities/person closely
       associated
 a.    Name                                                           Mr Lars Brünner
 2     Reason for notification                                         

                                                                       

                                                                       
 a.    Position/Status                                                Non-Executive Director
 b.    Initial notification/                                          Initial notification

       Amendment
 3     Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a.    Name                                                           GreenRoc Mining Plc
 b.    LEI

                                                                       213800OAVF2KQAD11380

                                                                       
 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                                           Options over New Ordinary shares of £0.001 each

                                                                      GB00BLD3C518

 b.    Nature of the transaction                                      Options over New Ordinary shares of £0.001 each awarded under the GreenRoc
                                                                      Mining Plc Long Term Incentive Plan
 c.    Price(s) and volume(s)
                                                                                    Price(s)      Volume(s)
       10 pence                                                                     225,000
                                                                                    10 pence      37,500
                                                                                    10 pence      37,500

 d.    Aggregated information

                                                                      Options over 300,000 New Ordinary Shares of £0.001 each with an exercise

                                                              price of 10 pence per New Ordinary Share

 e.    Date of the transaction                                        14 April 2023
 f.    Place of the transaction                                       London, UK

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 1     Details of the person discharging managerial responsibilities/person closely
       associated
 a.    Name                                                           Mr Mark Rachovides
 2     Reason for notification                                         

                                                                       

                                                                       
 a.    Position/Status                                                Non-Executive Director
 b.    Initial notification/                                          Initial notification

       Amendment
 3     Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a.    Name                                                           GreenRoc Mining Plc
 b.    LEI

                                                                       213800OAVF2KQAD11380

                                                                       
 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                                           Options over New Ordinary shares of £0.001 each

                                                                      GB00BLD3C518

 b.    Nature of the transaction                                      Options over New Ordinary shares of £0.001 each awarded under the GreenRoc
                                                                      Mining Plc Long Term Incentive Plan
 c.    Price(s) and volume(s)
                                                                                    Price(s)      Volume(s)
       10 pence                                                                     225,000
                                                                                    10 pence      37,500
                                                                                    10 pence      37,500

 d.    Aggregated information

                                                                      Options over 300,000 New Ordinary Shares of £0.001 each with an exercise

                                                              price of 10 pence per New Ordinary Share

 e.    Date of the transaction                                        14 April 2023
 f.    Place of the transaction                                       London, UK

 

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