REG - Nativo Resources Plc - Issue of Share Options & Warrants

Nativo ResourcesAnnouncement

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RNS Number : 0612N  Nativo Resources Plc  16 June 2025

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

16 June 2025

 

Nativo Resources Plc

 

("Nativo" or the "Company")

 

Issue of Share Options & Warrants

Nativo Resources plc (LON:NTVO), which has interests in gold mines in Peru,
announces the issue of 5,544,118 share options (the "Options") and 1,230,120
warrants (the "Warrants") to the executive directors as set out below. The
Options and Warrants are issued to the executive directors as part of their
remuneration package, in efforts to conserve cash; and to further align the
long-term interests of the Executive with shareholders.

 

Schedule of Directors Options

 

 DIRECTOR         ROLE                     DATE OF     NO. OPTIONS GRANTED  EXERCISE PRICE(*)  VESTING DATE  EXPIRY DATE

                                           GRANT
 Stephen Birrell  Chief Executive Officer  16.06.2025  2,772,059            £0.00480           16.06.2028    16.06 2030
 Christian Yates  Executive Chairman       16.06.2025  2,772,059            £0.00480           16.06.2028    16.06 2030

(*)Being the closing price of the Company's Ordinary Shares on 13 June 2025

 

The options awarded form part of the Directors' remuneration package for
performance during the year ended 31 December 2024, and are to be awarded
under the Company's EMI Share Option Scheme.

 

Schedule of Director Warrants

 

 DIRECTOR         ROLE                     DATE OF     NO. WARRANTS ISSUED  EXERCISE PRICE*  EXPIRY DATE

                                           GRANT
 Stephen Birrell  Chief Executive Officer  16.06.2025  615,060              £0.00432         16.06.2028
 Christian Yates  Executive Chairman       16.06.2025  615,060              £0.00432         16.06.2028

*The exercise price of the warrants is £0.00432, being a ten per cent
discount on the Company's closing share price of 13 June 2025.

 

Authority to allot shares pursuant to warrants granted to Directors for unpaid
salary or fees owing to them, or to incentivise share ownership, was granted
by shareholders at the General Meeting on 16 May 2025.  The Warrants are
issued to the Directors in part payment towards remuneration fees owing to
them and also to incentivise share ownership.

 

Related Party Transaction

 

The issue of Options and Warrants to Mr Birrell and Mr Yates have been treated
as related party transactions under AIM Rule 13. As recipients of Options and
Warrants, Mr Birrell and Mr Yates are not independent and have not taken part
in the Board's consideration of the issue. Andrew Donovan is the independent
director for this purpose. The independent director considers, having
consulted with Zeus Capital, the Company's nominated adviser, that the terms
of the issue of Options and Warrants to Mr Birrell and Mr Yates are fair and
reasonable insofar as the Company's shareholders are concerned.

 

For further information please contact:

 Nativo Resources                                   Via Vigo Consulting

 Stephen Birrell, Chief Executive Officer           nativo@vigoconsulting.com (mailto:nativo@vigoconsulting.com)
 Zeus Capital (Nominated Adviser and Joint Broker)

 James Joyce                                        Tel: +44 (0)20 3829 5000

 James Bavister
 Peterhouse Capital limited (Joint Broker)          Tel: +44 (0)20 7469 0930

 Duncan Vasey

 Lucy Williams

Rose Greensmith
 Vigo Consulting (Investor Relations)               Tel: +44 (0)20 7390 0234

 Ben Simons                                         nativo@vigoconsulting.com (mailto:nativo@vigoconsulting.com)

 Peter Jacob

Anna Sutton

 

About Nativo Resources plc

 

Nativo has interests in gold mining and exploration projects in Peru. Through
a 50:50 joint venture established in July 2024 with an experienced local
partner ("Boku"), Nativo secured an opportunity to scale operations at the
Tesoro Gold Concession, owning 50% of the production and resources. Production
and sales of ore to a local gold ore processing plant began in late December
2024. Longer-term, the Company plans to establish its own gold ore processing
plant to retain a higher margin from production at its mines. In March 2025,
Boku also secured an option agreement to evaluate the opportunity to recover
and sell gold and silver from the Toma La Mano tailings dump in the Ancash
region and redeposit the tailings in line with legislation. The Company is
investigating other similar regional tailings opportunities. In April 2025,
Nativo acquired directly a 100% interest in the Morrocota Gold Mine, proximal
to the Tesoro Gold Concession.

 

Follow us on social media:

 

LinkedIn: https://uk.linkedin.com/company/nativoresources-plc
(https://uk.linkedin.com/company/nativoresources-plc)

X: https://x.com/nativoresources (https://x.com/nativoresources)

 

Appendix - 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                                                         Stephen Birrell
 2.        Reason for notification
 a)        Position/Status                                              Chief Executive Officer
 b)        Initial notification/                                        Initial notification

           Amendment
 3.        Details of the issuer, emission allowance market participant, auction
           platform, auctioneer or auction monitor
 a)        Name                                                         Nativo Resources Plc
 b)        LEI                                                          2138006SNII7SKIGG445
 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 over Ordinary Shares

Identification Code                                         Warrants over Ordinary Shares

                                                                        ISIN: GB00BRYPS729
 b)        Nature of the transaction                                    Issued with Options and Warrants over Ordinary Shares
 c)        Price(s) and volume(s)
                                                                                    Price             Volume
           £0.00480per Option                                                       2,772,059615,060

           £0.00432per Warrant

 d)        Aggregated information                                       As above

           - Aggregated Volume

           - Price
 e)        Date of the transaction                                      16 June 2025
 f)        Place of the transaction                                     Outside a trading venue

 

 

 

 

 

 

 5.        Details of the person discharging managerial responsibilities/person closely
           associated
 a)        Name                                                         Christian Yates

 6.        Reason for notification
 a)        Position/Status                                              Executive Chairman
 b)        Initial notification/                                        Initial notification

           Amendment
 7.        Details of the issuer, emission allowance market participant, auction
           platform, auctioneer or auction monitor
 a)        Name                                                         Nativo Resources plc
 b)        LEI                                                          2138006SNII7SKIGG445
 8.        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 and Warrants over Ordinary Shares

Identification Code

                                                                        ISIN: GB00BRYPS729
 b)        Nature of the transaction                                    Issue of Options and Warrants over Ordinary Shares
 c)        Price(s) and volume(s)
                                                                                    Price             Volume
           £0.00480per share                                                        2,772,059615,060

           £0.00432per Warrant

 d)        Aggregated information                                       As above

           - Aggregated Volume

           - Price
 e)        Date of the transaction                                      16 June 2025
 f)        Place of the transaction                                     Outside a trading venue

 

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