REG - PYX Resources Ltd. - Performance Rights

PYX ResourcesAnnouncement

27/05/2022 07:00

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RNS Number : 0540N  PYX Resources Limited  27 May 2022

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PYX Resources Limited / EPIC: PYX / Market: Standard / Sector: Mining

 

27 May 2022

 

PYX Resources Ltd

("PYX" or the "Company")

Issue of Performance Rights

 

PYX Resources Ltd (NSX: PYX | LSE: PYX) confirms the award of Performance
Rights under the Company's Stock Incentive Plan to Mr Oliver Hasler, Chief
Executive Officer, following the approval of shareholders at the Company's
Annual General Meeting ('AGM') held on 18 May 2022.

Mr Hasler was granted a total of 10,500,000 Performance Rights convertible
into a maximum of 10,500,000 Company shares at any time to 31 December 2024,
subject to the achievement of the following milestones:

·    3,500,000 vesting on the Company share price reaching AUD2.50

·    3,500,000 vesting on the Company share price reaching AUD3.10

·    3,500,000 vesting on the Company share price reaching AUD3.70

Current Shares and Performance Rights Held by Directors:

Following the issuance, Mr Hasler will hold a total of 20,332,494 Performance
Rights convertible into a maximum of 23,532,494 shares plus 11,965,373 shares.

Following the grant of the abovementioned Performance Rights, the Company's
capital structure is as follows:

                                        No.

 Unrestricted ordinary shares in issue  436,699,484
 Unlisted Options                       2,620,931
 Unlisted Performance Rights            20,412,494

 Fully diluted share capital            459,732,909

 

 

*** ENDS ***

 

 

For more information:

 PYX Resources Limited                                            T: +852 3519 2860

 Oliver B. Hasler, Chairman and Chief Executive Officer           E: ir@pyxresources.com
 VSA Capital Limited (Financial Adviser and Broker)               T: +44 (0)20 3005 5000

 Andrew Raca (Corporate Finance)

 Andrew Monk / David Scriven (Corporate Broking)
 St Brides Partners Ltd (Financial PR)                            E: pyx@stbridespartners.co.uk

 Ana Ribeiro / Isabel de Salis / Oonagh Reidy / Isabelle Morris

 

 

About PYX Resources

PYX Resources Limited (NSX: PYX | LSE: PYX) is a producer of premium zircon
dual listed on the National Stock Exchange of Australia and on the Main Market
of the London Stock Exchange. PYX's key deposits, Mandiri and Tisma, are
large-scale, near-surface open pit deposits both located in the alluvium-rich
region of Central Kalimantan, Indonesia. PYX, whose Mandiri deposit has been
in production since 2015, is the 2nd largest publicly traded producing mineral
sands company by zircon resources globally. Determined to mine responsibly and
invest in the wider communities where we operate, PYX is committed to fully
developing its Mandiri and Tisma deposits, with the vision to consolidate the
mineral sands resources in Kalimantan and explore and acquire mineral sands
assets in Asia and beyond.

 

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