REG - Rockfire Resources - Grant of Options

Rockfire ResourcesAnnouncement

26/02/2021 12:10

RNS Number : 5401Q
  
Rockfire Resources PLC
  
26 February 2021
  
 

26 February 2021
 
Rockfire Resources plc
("Rockfire" or the "Company")



Grant of Options to Directors/PDMRs
 
Rockfire Resources plc (LON: ROCK), the gold and base metal exploration company announces that it has today granted a total of 36,000,000 options to subscribe for ordinary shares in the Company ("Options") to certain directors and employees of the Company as set out below: 




Name


Position


No. of Options granted


Total Number of Options held following the grant




Gordon Hart


Chairman 


10,000,000


10,000,000




David Price


Chief Executive Officer


10,000,000


10,000,000




Edward Fry


Exploration Manager (PDMR)


10,000,000


10,000,000




Graeme Hogan


Company Secretary


6,000,000


6,000,000




 
All of the 36,000,000 Options are exercisable for a period of three years from the date of the grant and have an exercise price of 2.1p, being a premium of 110% per cent. to the closing mid-market share price on 25 February 2021, the day prior to this announcement. The Options are being granted pursuant to the terms of the service agreements between each director or employee and the Company. 
 
Following the above grant of the Options, the Company has a total of 60,000,000 options to subscribe for new ordinary shares in the Company outstanding, which represents 7.2 per cent. of the Company's issued share capital. 
 
The FCA notifications in respect of the above, made in accordance with the requirements of the UK Market Abuse Regulation, are appended below.
 
For further information on the Company, please visit  www.rockfireresources.com  or contact the following: 
 




Rockfire Resources plc:


info@rockfireresources.com




David Price, Chief Executive Officer


 




 


 




Allenby Capital Limited (Nominated Adviser & Broker)


Tel: +44 (0) 20 3328 5656




John Depasquale / Asha Chotai (Corporate Finance)
Matt Butlin / Guy McDougall (Equity Sales)


 




 


 




Yellow Jersey


rockfire@yellowjerseypr.com




Sarah Hollins / Henry Wilkinson


Tel: +44 (0) 20 3004 9512




 
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 ("PDMR") / person closely associated




a)


Name


Gordon Hart (Chairman)
David Price (Chief Executive Officer)
Edward Fry (Exploration Manager - PDMR) 
 




2


Reason for the notification




a)


Position/status


See 1 a) above




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
 Identification code


Options to subscribe for Ordinary Shares of 0.1p
 
Identification code (ISIN) for ordinary shares: GB00B42TN250




b)


Nature of the transaction


Grant of options to subscribe for ordinary shares




c)


Price(s) and volume(s)






Director/PDMR


 Price(s)


Volume(s)




Gordon Hart


Exercisable at 2.1p per share


10,000,000




David Price


Exercisable at 2.1p per share


10,000,000




Edward Fry


Exercisable at 2.1p per share


10,000,000




 




d)


Aggregated information
- Aggregated volume
- Price






Price(s)


Volume(s)




Exercisable at 2.1p


30,000,000




 




e)


Date of the transaction


26 February 2021




f)


Place of the transaction


Outside a trading venue




 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
DSHFLFIFFDIRFIL