REG - Rockfire Resources - Director/PDMR Shareholding

Rockfire ResourcesAnnouncement

23/12/2022 10:15

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RNS Number : 9155K  Rockfire Resources PLC  23 December 2022

23 December 2022

 

Rockfire Resources plc

 

("ROCK", "Rockfire" or "the Company")

 

Issue of Fee Shares

 

Director/PDMR Shareholding

 

Rockfire Resources plc (LON: ROCK), the gold and base metal exploration
company, is pleased to announce that 2,500,000 new ordinary shares in the
Company (the "Fee Shares") have been issued to Patrick Elliott for his
services as Non-Executive Director of the Company for the period 1 July 2022
to 30 September 2022, in lieu of director and committee fees.

 

The Fee Shares are being issued in accordance with the service agreement
between Patrick Elliott and the Company, whereby he agreed to accept his
annual remuneration as new ordinary shares in the Company. Under the terms of
his service agreement, the shares become due at the end of each quarter and
will be allotted by the Board on an ad-hoc basis. This issue of shares
includes his director's remuneration for the period 1 July 2022 to 30
September 2022, plus his fees payable as a member of the Audit and
Remuneration committees for this quarter. The issue price is 0.28 pence per
share, calculated using the closing mid-market price per share on the final
trading day of this quarter.

 

Application has been made for the admission of the Fee Shares to trading on
AIM ("Admission").  It is anticipated that Admission will become effective on
or around 8.00 a.m. on 5 January 2022.

 

On Admission, Patrick Elliott will have an interest in 42,542,765 Shares,
representing approximately 2.95 per cent. of the issued share capital of the
Company, as enlarged by the Fee Shares. The FCA notification, made in
accordance with the requirements of the EU Market Abuse Regulation, is
appended below.

 

Total Voting Rights

 

Following Admission, the total number of ordinary shares and voting rights in
the Company will be 1,439,739,067. The Company does not hold any shares in
treasury. From Admission, the above figure may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
share capital of the Company pursuant to the FCA's Disclosure Guidance and
Transparency Rules.

 

For further information on the Company, please
visit  www.rockfireresources.com (http://www.rockfireresources.com/)   or
contact the following:

 

 Rockfire Resources plc:                                     info@rockfireresources.com (mailto:info@rockfireresources.com)
 David Price, Chief Executive Officer

 Allenby Capital Limited (Nominated Adviser & Broker)        Tel: +44 (0) 20 3328 5656
 John Depasquale / George Payne (Corporate Finance)

 Matt Butlin / Kelly Gardner (Sales and Corporate Broking)

 

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                                                         Patrick Elliott
 2    Reason for the notification
 a)   Position/status                                              Non-Executive Director
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Rockfire Resources plc
 b)   LEI                                                          213800THSZQSFKTXOI24
 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 0.1p each

       Identification code

                                                                   Identification code (ISIN) for Rockfire Resources plc ordinary shares:

GB00B42TN250

 b)   Nature of the transaction                                    Issue of ordinary shares in consideration of payment of director fees

 c)   Price(s) and volume(s)                                        Price(s)   Volume(s)
                                                                   0.28 p      2,500,000

 
 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price
 e)   Date of the transaction                                      23 December 2022
 f)   Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information

- Aggregated volume

- Price

 

N/A

e)

Date of the transaction

23 December 2022

f)

Place of the transaction

Outside a trading venue

 

 

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