REG - Rockfire Resources - Issue of Fee Shares & Director/PDMR Shareholding

Rockfire ResourcesAnnouncement

12/03/2025 10:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250312:nRSL3795Aa&default-theme=true

RNS Number : 3795A  Rockfire Resources PLC  12 March 2025

12 March 2025

Rockfire Resources plc

("Rockfire" or the "Company")

 

Issue of Fee Shares

Director/PDMR Shareholding

Rockfire Resources plc (LON: ROCK),  the base metal, critical mineral and
precious metal exploration company, announces that 9,821,438 new ordinary
shares in the Company (the "Fee Shares") have been issued to Patrick Elliott
instead of cash for his services as a Non-Executive Director of the Company
and a member of the Audit and Remuneration Committees for the period 1 January
2024 to 30 June 2024, 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.

 

The issue of 4,583,337 shares includes his director's remuneration for the
period 1 January 2024 to 31 March 2024, plus his fees payable as a member of
the Audit and Remuneration committees for that quarter. The issue price is
£0.0024 per share, calculated using the closing mid-market price per share on
the final trading day of that quarter.

 

The issue of 5,238,100 shares includes his director's remuneration for the
period 1 April 2024 to 30 June 2024, plus his fees payable as a member of the
Audit and Remuneration committees for that quarter. The issue price is
£0.0021 per share, calculated using the closing mid-market price per share on
the final trading day of that quarter.

 

Application has been made for the admission of the 9,821,438 Fee Shares to
trading on AIM ("Admission").  It is anticipated that Admission will become
effective on or around 8.00 a.m. on or around 18 March 2025.

 

On Admission, Patrick Elliott will have an interest in 68,491,761 shares,
representing approximately 1.66 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 UK 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 4,132,442,063. 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@rockfire.co.uk (mailto:info@rockfire.co.uk)
 David Price, Chief Executive Officer

 Gordon Hart, Chairman

 Allenby Capital Limited (Nominated Adviser & Broker):        Tel: +44 (0) 20 3328 5656
 John Depasquale / Dan Dearden-Williams (Corporate Finance)
 Guy McDougall/ Kelly Gardiner (Sales and Corporate Broking)

 

 

Notes to Editors

 

Rockfire Resources plc (LON: ROCK) is a gold, base metal and critical mineral
exploration company, with a high-grade zinc/lead/silver/germanium deposit in
Greece and a portfolio of gold/copper/silver projects in Queensland Australia.

 

·    The Molaoi deposit in Greece has a JORC Inferred Mineral Resource
of 15 million tonnes @ 7.26 % Zn, 1.75 % Pb and 39.5 g/t Ag, for 1.5 million
tonnes of ZnEq. This resource uses a 4% low-grade cut, and equates to 1.09
million tonnes of zinc, 260,000 tonnes of lead and 19.1 million ounces of
silver.

 

·    The Plateau deposit in Queensland has a JORC resource of 131,000
ounces of gold and 800,000 ounces of silver, using a 0.5g/t Au cut off. 53,000
of these ounces lie within the top 100m from surface. Plateau is subject to a
joint venture with ASX-listed Sunshine Metals Ltd (ASX:SHN).

 

 

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)
                                                                   £0.0024     4,583,337
                                                                   £0.0033     5,238,100

 
 d)   Aggregated information

      - Aggregated volume                                          As above

      - Price
 e)   Date of the transaction                                      12 March 2025

 f)   Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information

- Aggregated volume

- Price

 

As above

e)

Date of the transaction

12 March 2025

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHBGGDXCBBDGUD