REG - Mineral & Financial - Conversion Of Vested RSUs into Ordinary Shares

Mineral & Financial InvestmentsAnnouncement

30/01/2026 15:15

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RNS Number : 1593R  Mineral & Financial Invest. Limited  30 January 2026

MINERAL & FINANCIAL INVESTMENTS LIMITED

Conversion Of Fully Vested Restricted Shares Units into Ordinary Shares

 

 

GEORGE TOWN, CAYMAN ISLANDS, January 30, 2026 - Mineral and Financial
Investments Limited (LSE-AIM: MAFL) ("M&FI" or the "Company") is an London
Stock Exchange AIM quoted Investment company focused on natural resource
investments with an focus on mining and mineral sector by providing
investment, financing and advisory services to its investee companies,
announces the  conversion of fully vested Restricted Share Units ("RSU")
under its 2021 Restricted Share Unit Scheme ("2021 RSU Scheme").

Conversion of Restricted Common Shares into Fully Tradeable Common Shares

The Company announces that it has received notices of conversion in respect of
RSU's over 950,000 ordinary shares of 1.0p each in the Company at nil cost as
follows:.

 

 Name of PDMR          Position  RSU's Converted and Ordinary Shares Issued  Price
 Mark Brown            Chairman  275,000                                     Nil cost
 Jacques Vaillancourt  CEO       400,000                                     Nil cost
 Sean Keenan           NED       275,000                                     Nil cost
 Total                           950,000

 

Resulting Insider Ordinary Share Ownership

The PDMR's ordinary share ownership after the conversion of RSU's will be as
follows:

 Name of PDMR                # Ordinary Shares Held prior to RSU Conversion  Ordinary Shares Held in the Company after RSU Conversion  # Of RSU's Remaining O/S 1  (#_ftn1)  Total % Ownership of Company (RSU's & Shares)
 Mark Brown (Chairman)       -                                               275,000                                                   100,000                               0.9%
 Jacques Vaillancourt (CEO)  7,044,000                                       7,444,000 2  (#_ftn2)                                     700,000                               20.4%
 Sean Keenan (NED)           100,000                                         375,000                                                   100,000                               1.2%

Admission

Application has been made for 950,000 new ordinary shares each in the Company
("New Ordinary Shares") to be admitted to trading on AIM. The New Ordinary
Shares will rank pari passu with the Company's existing ordinary shares and it
is expected that admission will occur and dealings will commence at 8.00 a.m.
on 5 February 2026.

Following the admission of the New Ordinary Shares, the Company's issued
ordinary share capital will comprise 38,855,871 ordinary shares, none of which
are held in treasury. Therefore, the total number of ordinary shares with
voting rights following admission will be 38,855,871.

The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in the Company under the FCA's
Disclosure Guidance and Transparency Rules.

 

FOR MORE INFORMATION:

Jacques Vaillancourt, Mineral & Financial Investments
Ltd.                        +44 7 802 268 247

Katy Mitchell and Zeus
Capital
+44 207 220 1666

Jon Belliss, Novum Securities
Limited
+44 207 399 9400

 

The notifications set out below are provided in accordance with the
requirements of the Market Abuse Regulation.

 1      Details of the person discharging managerial responsibilities / person
        closely associated
 a)     Name:                                                         Mark T. Brown
 2      Reason for the notification
 a)     Position / status:                                            Non-Executive Chairman
 b)     Initial notification /Amendment:                              Initial
 3      Details of the issuer, emission allowance market participant, auction

      platform, auctioneer or auction monitor

 a)     Name:                                                         Mineral and Financial Investments Limited
 b)     LEI:                                                          213800XJN3E3OTYDCH82
 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:  Ordinary shares

        Identification code:                                          KYG6181G1055

 b)     Nature of the transaction                                     Conversion of restricted stock units into ordinary shares
 c)     Price(s) and volume(s)

                                                                                       Price(s)         Volume(s)
                                                                                       Nil cost         275,000

 d)     Aggregated information

        - Aggregated volume                                           N/A

        - Price

 e)     Date of the transaction                                       30 January 2026

 f)     Place of the transaction                                      Outside a trading venue

 

 1      Details of the person discharging managerial responsibilities / person
        closely associated
 a)     Name:                                                         Jacques Vaillancourt
 2      Reason for the notification
 a)     Position / status:                                            President & CEO
 b)     Initial notification /Amendment:                              Initial
 3      Details of the issuer, emission allowance market participant, auction

      platform, auctioneer or auction monitor

 a)     Name:                                                         Mineral and Financial Investments Limited
 b)     LEI:                                                          213800XJN3E3OTYDCH82
 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:  Ordinary shares

        Identification code:                                          KYG6181G1055

 b)     Nature of the transaction                                     Conversion of restricted stock units into ordinary shares
 c)     Price(s) and volume(s)

                                                                                       Price(s)         Volume(s)
                                                                                       Nil cost         400,000

 d)     Aggregated information

        - Aggregated volume                                           N/A

        - Price

 e)     Date of the transaction                                       30 January 2026

 f)     Place of the transaction                                      Outside a trading venue

 

 1      Details of the person discharging managerial responsibilities / person
        closely associated
 a)     Name:                                                         Sean Keenan
 2      Reason for the notification
 a)     Position / status:                                            Non-Executive Director
 b)     Initial notification /Amendment:                              Initial
 3      Details of the issuer, emission allowance market participant, auction

      platform, auctioneer or auction monitor

 a)     Name:                                                         Mineral and Financial Investments Limited
 b)     LEI:                                                          213800XJN3E3OTYDCH82
 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:  Ordinary shares

        Identification code:                                          KYG6181G1055

 b)     Nature of the transaction                                     Conversion of restricted stock units into ordinary shares
 c)     Price(s) and volume(s)

                                                                                       Price(s)         Volume(s)
                                                                                       Nil cost         275,000

 d)     Aggregated information

        - Aggregated volume                                           N/A

        - Price

 e)     Date of the transaction                                       30 January 2026

 f)     Place of the transaction                                      Outside a trading venue

 

 

 

 1  (#_ftnref1) These RSU's are not fully-vested

 2  (#_ftnref2) Total shares, RSU's and shares held directly and indirectly by
J. Vaillancourt via 100% ownership of Mount Everest Finance S.A.

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