REG - Red Rock Resources - Issue of Equity, Directors' Dealings and TVR
22/04/2024 07:00
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RNS Number : 4149L Red Rock Resources plc 22 April 2024
Red Rock Resources Plc
("Red Rock" or the "Company")
Issue of Shares under Share Incentive Plan
Directors' Dealings and Total Voting Rights
22 April 2024
Red Rock Resources Plc, the natural resource exploration and development
company, with interests in gold, base metals, battery metals, and hydrocarbons
principally in Africa and Australia, announces that on 18 April 2024, the
Board of Directors approved the issuance of 80,928,000 ordinary shares of
£0.0001 each in the Company ("New Ordinary Shares") under the Company's Share
Incentive Plan ("SIP") for the 2023/24 tax year as agreed by the Trustees in
their meeting held on 2 April 2024.
Under the SIP, all eligible employees may elect to have monthly deductions
made from salary and held by the SIP Trustees until the tax year ends. The
price used for share issuance was the mid-market closing price of £0.0006 as
at 28(th) March 2024. 14,976,000 Partnership Shares and 29,052,000 Matching
Shares and 36,000,000 Free Shares were issued.
Directors' Participation
Directors participated in the shares purchase and award of 44,928,000 of the
New Ordinary Shares under the SIP in respect of the 2023/24 tax year, the
details of which have been included in the table below, which sets out the
total shareholding and interests of the Directors in the enlarged share
capital of the Company.
Directors New Ordinary Shares Ordinary Shares Post Issuance Total Shares % of Enlarged Issued Share Capital Options Warrants
Direct Indirect*
Andrew R M Bell 15,000,000 34,316,883 37,031,503 71,348,386 1.72% 25,880,000 -
Alexander Borrelli 15,000,000 - 20,364,429 20,364,429 0.49% - -
Sam Quinn 14,928,000 2,656,766 34,954,225 37,610,991 0.91% 3,450,000 -
* These shares are held on Director's behalf by Red Rock Resources Plc Share
Incentive Plan Trustees.
Admission to Trading on AIM and Total Voting Rights
Application is being made to AIM for 80,928,000 New Ordinary Shares, allotted
in relation to the SIP for 2023/24 tax year, to be admitted to trading on AIM,
the admission of which it is expected on or around 25 April 2024.
Following admission of the Shares, the Company's total issued share capital
will consist of 4,138,978,811 ordinary shares, with one voting right per
share. The Company does not hold any shares in treasury. Therefore, the total
number of voting rights in the Company will be 4,138,978,811 ordinary shares.
This figure may be used by shareholders as the denominator for the
calculations to determine if they are required to notify their interests in,
or change to their interest in, the share capital of the Company under the
Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.
Background: the SIP is a Government-created scheme to encourage wider share
ownership and employee participation. The Company has a longstanding policy of
utilising this scheme as a tax-efficient component of staff remuneration that
encourages staff retention as the tax benefits are normally only available
five years after grant. No other benefits are offered by the Company.
For further information, please contact:
Andrew Bell 0207 747
9990
Chairman Red Rock Resources Plc
Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD
Beaumont Cornish Limited
Bob Roberts 0203
8696081
Joint Broker Clear Capital Corporate Broking
This announcement contains inside information for the purposes of Article 7 of
Regulation 2014/596/EU, which is part of domestic UK law pursuant to the
Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed
in accordance with the Company's obligations under Article 17.
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.
Details of the person discharging managerial responsibilities / person closely
associated
1
a) Name Andrew Bell
2 Reason for the notification
a) Position/status Executive Chairman, PDMR
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Red Rock Resources Plc
b) LEI 213800383CFWX3U42W09
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 of £0.0001 each
Identification code ISIN: GB00BYWKBV38
b) Nature of the transaction Issue of Shares under Share Incentive Plan
c) Price(s) and volume(s) Name Price(s) Volume(s)
Andrew R M Bell £0.0006 15,000,000
d) Aggregated information
- Aggregated volume N/A
- Aggregated Price N/A
e) Date of the transaction 18 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
N/A
- Aggregated Price
N/A
e)
Date of the transaction
18 April 2024
f)
Place of the transaction
Outside a trading venue
Details of the person discharging managerial responsibilities / person closely
associated
1
a) Name Alexander Borrelli
2 Reason for the notification
a) Position/status Non-Executive Director, PDMR
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Red Rock Resources Plc
b) LEI 213800383CFWX3U42W09
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 of £0.0001 each
Identification code ISIN: GB00BYWKBV38
b) Nature of the transaction Issue of Shares under Share Incentive Plan
c) Price(s) and volume(s) Name Price(s) Volume(s)
Alexander Borrelli £0.0006 15,000,000
d) Aggregated information
- Aggregated volume N/A
- Aggregated Price N/A
e) Date of the transaction 18 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
N/A
- Aggregated Price
N/A
e)
Date of the transaction
18 April 2024
f)
Place of the transaction
Outside a trading venue
Details of the person discharging managerial responsibilities / person closely
associated
1
a) Name Sam Quinn
2 Reason for the notification
a) Position/status Non-Executive Director, PDMR
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Red Rock Resources Plc
b) LEI 213800383CFWX3U42W09
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 of £0.0001 each
Identification code ISIN: GB00BYWKBV38
b) Nature of the transaction Issue of Shares under Share Incentive Plan
c) Price(s) and volume(s) Name Price(s) Volume(s)
Sam Quinn £0.0006 14,928,000
d) Aggregated information
- Aggregated volume N/A
- Aggregated Price N/A
e) Date of the transaction 18 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
N/A
- Aggregated Price
N/A
e)
Date of the transaction
18 April 2024
f)
Place of the transaction
Outside a trading venue
Details of the person discharging managerial responsibilities / person closely
associated
1
a) Name Scott Kaintz
2 Reason for the notification
a) Position/status CFO, PDMR
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Red Rock Resources Plc
b) LEI 213800383CFWX3U42W09
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 of £0.0001 each
Identification code ISIN: GB00BYWKBV38
b) Nature of the transaction Issue of Shares under Share Incentive Plan
c) Price(s) and volume(s) Name Price(s) Volume(s)
Scott Kaintz £0.0006 15,000,000
d) Aggregated information
- Aggregated volume N/A
- Aggregated Price N/A
e) Date of the transaction 18 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
N/A
- Aggregated Price
N/A
e)
Date of the transaction
18 April 2024
f)
Place of the transaction
Outside a trading venue
Details of the person discharging managerial responsibilities / person closely
associated
1
a) Name Rasa Vaitkute
2 Reason for the notification
a) Position/status Corporate Affairs Manager, PDMR
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Red Rock Resources Plc
b) LEI 213800383CFWX3U42W09
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 of £0.0001 each
Identification code ISIN: GB00BYWKBV38
b) Nature of the transaction Issue of Shares under Share Incentive Plan
c) Price(s) and volume(s) Name Price(s) Volume(s)
Rasa Vaitkute £0.0006 6,000,000
d) Aggregated information
- Aggregated volume N/A
- Aggregated Price N/A
e) Date of the transaction 18 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
N/A
- Aggregated Price
N/A
e)
Date of the transaction
18 April 2024
f)
Place of the transaction
Outside a trading venue
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