REG - Red Rock Resources - Performance Option Award Update
RNS Number : 8645XRed Rock Resources plc02 September 2020Red Rock Resources Plc
("Red Rock" or the "Company")
Performance Option Award Update
2 September 2020
Red Rock Resources Plc, the natural resource development Company, further updates that performance options to key staff, announced on 24 August 2020, have been allocated to Rasa Vaitkute, Corporate Affairs Manager as specified below.
Tranche 1
Tranche 2
Rasa Vaitkute
1,250,000
1,250,000
Vesting date:
On issue
On issue
Exercise price:
2p
2.5p
Expiry date:
19.08.2025
19.08.2025
Each option entitles the holder upon exercise to one ordinary share of 0.01p in the capital of the Company ("Ordinary Shares").
For further information, please contact:
Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc
Scott Kaintz 0207 747 9990 Director Red Rock Resources Plc
Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited
Mark Treharne 0203 700 2500 Broker Pello Capital Ltd
The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
1. Rasa Vaitkute
2
Reason for the notification
a)
Position/status
1. Corporate Affairs Manager
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 Performance Options to buy Shares of 0.01p
c)
Price(s) and volume(s)
Name
Price(s)
Volume(s)
Rasa Vaitkute
£0.02
£0.025
1,250,000
1,250,000
d)
Aggregated information
NA (single transaction for each PDMR)
- Aggregated volume
NA
- Price
NA
e)
Date of the transaction
2 September 2020
f)
Place of the transaction
Outside a trading venue
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