REG - Red Rock Resources - Performance options and directors' shareholdings

Red Rock ResourcesAnnouncement

24/08/2020 07:06

RNS Number : 8843W
  
Red Rock Resources plc
  
24 August 2020
  
 

Red Rock Resources Plc
 
Performance Option Award
Directors' Shareholdings
 
24 August 2020
 
Red Rock Resources Plc ("Red Rock" or the "Company"), the natural resource development Company, announces the grant of 21,000,000 performance options to directors and key staff representing in aggregate 3.01% of the existing issued share capital of the Company. Each option entitles the holder upon exercise to one ordinary share of 0.01p in the capital of the Company ("Ordinary Shares").
 
Pursuant to the recommendation of the Remuneration Committee, the board has awarded the following options:
 




 


Tranche 1


Tranche 2




Andrew Bell


5,500,000


5,500,000




Michael C Nott


1,500,000


1,500,000




Scott Kaintz


2,250,000


2,250,000




Other personnel


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




 
The closing mid-market price on AIM as at the close of business on Wednesday, 19 August 2020 was 0.77p.
 
A pool of 6m options has been created for distribution at the Board's discretion to key consultants and advisors. 
 
Following the grant of options to directors, the resultant total directors' shareholdings are as follows:
 




Directors


Ordinary Shares


Total Shares


% of Issued Share Capital


Options




 


Direct


Indirect*


 


 


 




Andrew Bell


31,238,520


11,552,617


42,791,137


6.14


28,760,000




Michael C Nott


1,471,807


11,235,652


12,707,459


1.82%


3,900,000




Scott Kaintz


2,517,807


11,552,617


14,070,424


2.02%


20,180,000




 
*these shares are being held indirectly via Red Rock Resources PLC Share Incentive Plan Trustees
 
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. Andrew R M Bell
2. Michael C Nott
3. Scott Kaintz




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 
 


1. Chairman 
2. Director 
3. Director




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) 




Andrew R M Bell


£0.02
£0.025


5,500,000
5,500,000




Michael C Nott


£0.02
£0.025
 


1,500,000
1,500,000




Scott Kaintz


£0.02
£0.025


2,250,000
2,250,000




 


 




 


 


 




d) 
 


Aggregated information 


NA (single transaction for each PDMR)




 


 




- Aggregated volume


NA 




 


 




- Price


NA




 


 




e) 
 


Date of the transaction 
 
 


20 August 2020




f) 
 


Place of the transaction 
 


Outside a trading venue




 
 

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