REG - Horizonte Minerals - Award of Options
13/07/2023 07:15
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230713:nRSM8597Fa&default-theme=true
RNS Number : 8597F Horizonte Minerals PLC 13 July 2023
NEWS RELEASE
13 July 2023
AWARD OF OPTIONS
Horizonte Minerals Plc (AIM/TSX: HZM) ("Horizonte" or the "Company") announces
the award of options to certain key employees and senior executives of the
group, including certain key members of the Brazilian team.
The Company has awarded new share options on 13 July 2023 (the "Award Date")
over 2,435,035 ordinary shares of £0.20 each in the capital of the Company to
executives (PDMRs) and key personnel in the UK and Brazil under the Company's
unapproved (or 'non tax-advantaged') 2006 Share Options Scheme (the "Awards").
Each Award is exercisable in return for one ordinary share in the Company and
will vest in three tranches generally on the 6-month, 12-month and 18-month
anniversaries of the Award Date (with additional 12 months vesting period for
certain employees) at a ratio of 1/3 each tranche, with exercise price of
£1.70 per ordinary share.
The exercise price of £1.70 represents a premium of 10.4% to the closing
price on 12 July 2023 of £1.54.
The PDMRs set out below hold the following Awards:
PDMR Position Awards Granted Total Awards Post Grant
Jeremy Martin Director & CEO 423,529 5,449,779
Simon Retter Director & CFO 330,882 3,613,382
Total 754,411 9,063,161
Awards over a further 1,680,624 ordinary shares were granted to other members
of the Leadership Team and other members of the Brazilian team.
The Awards have a maximum term of 5 years from the Award Date, subject to any
earlier lapsing under the option agreements.
The total number of options outstanding is 15,056,285 which represents 5.60%
of the current issued share capital of 268,778,906 ordinary shares.
The notification in respect of the Awards set out in the Annex below was made
subject to the requirements of Article 19 of the Market Abuse Regulation:
Annex
1 Details of the person discharging managerial responsibilities / person closely
associate
a) Name Jeremy Martin
2 Reason for the notification
a) Position/status Director & CEO (PDMR)
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Horizonte Minerals Plc
b) LEI 213800OEYYR39UNYQY91
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 Options awarded under unapproved (or 'non tax-advantaged') 2006 Share Options
Scheme over ordinary shares of 20p each
Identification code GB00BMXLQJ47
b) Nature of the transaction Options awarded under unapproved (or 'non tax-advantaged') 2006 Share Options
Scheme over ordinary shares of 20p each
c) Price(s) and volume(s)
Price per instrument Volume
n/a 141,176
n/a 141,176
n/a 141,177
d) Aggregated Information
Volume Price
423,529
Exercise Price: £1.70
e) Date of transaction 13 July 2023
f) Place of transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associate
a) Name Simon Retter
2 Reason for the notification
a) Position/status Director & CFO (PDMR)
b) Initial notification Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Horizonte Minerals Plc
b) LEI 213800OEYYR39UNYQY91
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 Options awarded under unapproved (or 'non tax-advantaged') 2006 Share Options
Scheme over ordinary shares of 20p each
Identification code GB00BMXLQJ47
b) Nature of the transaction Options awarded under unapproved (or 'non tax-advantaged') 2006 Share Options
Scheme over ordinary shares of 20p each
c) Price(s) and volume(s)
Price per instrument Volume
n/a 110,294
n/a 110,294
n/a 110,294
d) Aggregated Information
Volume Price
330,882
Exercise Price: £1.70
e) Date of transaction 13 July 2023
f) Place of transaction Outside a trading venue
For further information, visit www.horizonteminerals.com
(http://www.horizonteminerals.com) or contact:
Horizonte Minerals plc info@horizonteminerals.com (mailto:info@horizonteminerals.com)
Jeremy Martin (CEO) +44 (0) 203 356 2901
Simon Retter (CFO)
Patrick Chambers (Head of IR)
Peel Hunt LLP (Nominated Adviser & Joint Broker) +44 (0)20 7418 8900
Ross Allister
David McKeown
BMO (Joint Broker) +44 (0) 20 7236 1010
Thomas Rider
Pascal Lussier Duquette
Andrew Cameron
Tavistock (Financial PR) +44 (0) 20 7920 3150
Emily Moss
Cath Drummond
ABOUT HORIZONTE MINERALS
Horizonte Minerals Plc (AIM/TSX: HZM) is developing two 100%-owned, Tier 1
projects in Pará state, Brazil - the Araguaia Nickel Project and the Vermelho
Nickel-Cobalt Project. Both projects are large scale, high-grade, low-cost,
have low carbon emission intensities and are scalable. Araguaia is under
construction with first metal scheduled for 1Q 2024. When fully ramped up with
Line 1 and Line 2, Araguaia is forecast to produce 29,000 tonnes of nickel per
year. Vermelho is at feasibility study stage and is expected to supply nickel
to the critical metals market. Horizonte's combined production profile of over
60,000 tonnes of nickel per year positions the Company as a globally
significant nickel producer. Horizonte's top three shareholders are La Mancha
Investments S.à r.l., Glencore Plc and Orion Resource Partners LLP.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Except for statements of historical fact relating to the Company, certain
information contained in this press release constitutes "forward-looking
information" under Canadian securities legislation. Forward-looking
information includes, but is not limited to, the ability of the Company to
complete any planned acquisition of equipment, statements with respect to the
potential of the Company's current or future property mineral projects; the
ability of the Company to complete a positive feasibility study regarding the
second RKEF line at Araguaia on time, or at all, the ability of the Company to
complete a positive feasibility study regarding the Vermelho Project on time,
or at all, the success of exploration and mining activities; cost and timing
of future exploration, production and development; the costs and timing for
delivery of the equipment to be purchased, the estimation of mineral resources
and reserves and the ability of the Company to achieve its goals in respect of
growing its mineral resources; the realization of mineral resource and reserve
estimates and achieving production in accordance with the Company's potential
production profile or at all. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate",
or "believes", or variations of such words and phrases or statements that
certain actions, events or results "may", "could", "would", "might" or "will
be taken", "occur" or "be achieved". Forward-looking information is based on
the reasonable assumptions, estimates, analysis and opinions of management
made in light of its experience and its perception of trends, current
conditions and expected developments, as well as other factors that management
believes to be relevant and reasonable in the circumstances at the date that
such statements are made, and are inherently subject to known and unknown
risks, uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Company to be materially
different from those expressed or implied by such forward-looking information,
including but not limited to risks related to: the inability of the Company to
complete any planned acquisition of equipment on time or at all, the ability
of the Company to complete a positive feasibility study regarding the
implementation of a second RKEF line at Araguaia on the timeline contemplated
or at all, the ability of the Company to complete a positive feasibility study
regarding the Vermelho Project on the timeline contemplated or at all,
exploration and mining risks, competition from competitors with greater
capital; the Company's lack of experience with respect to development-stage
mining operations; fluctuations in metal prices; uninsured risks;
environmental and other regulatory requirements; exploration, mining and other
licences; the Company's future payment obligations; potential disputes with
respect to the Company's title to, and the area of, its mining concessions;
the Company's dependence on its ability to obtain sufficient financing in the
future; the Company's dependence on its relationships with third parties; the
Company's joint ventures; the potential of currency fluctuations and political
or economic instability in countries in which the Company operates; currency
exchange fluctuations; the Company's ability to manage its growth effectively;
the trading market for the ordinary shares of the Company; uncertainty with
respect to the Company's plans to continue to develop its operations and new
projects; the Company's dependence on key personnel; possible conflicts of
interest of directors and officers of the Company, and various risks
associated with the legal and regulatory framework within which the Company
operates, together with the risks identified and disclosed in the Company's
disclosure record available on the Company's profile on SEDAR at www.sedar.com
(http://www.sedar.com) , including without limitation, the annual information
form of the Company for the year ended December 31, 2022, and the Araguaia and
Vermelho Technical Reports available on the Company's website
https://horizonteminerals.com/ (https://horizonteminerals.com/) . Although
management of the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHFFFVLDRIFLIVRecent news on Horizonte Minerals
See all newsREG - Horizonte Minerals - Corporate Update
AnnouncementREG - Horizonte Minerals - Corporate Update
AnnouncementREG - Horizonte Minerals - Corporate Update
AnnouncementREG - Horizonte Minerals - Corporate Update
AnnouncementREG - Horizonte Minerals - Araguaia Project Update
Announcement