Scotgold Resources - Grant of Options

Scotgold Resources

11/05/2021 15:51

RNS Number : 2767Y

Scotgold Resources Ltd

11 May 2021

 

11 May 2021

 

Scotgold Resources Limited

("Scotgold" or the "Company")

Grant of Options

Scotgold Resources Limited (AIM: SGZ) ("Scotgold" or the "Company") announces that further to its announcement of 26 February 2021 and in line with Mr Phillip Day's terms of employment the Company has granted an unlisted option over 840,000 depositary interests of no par value each in the Company ("Ordinary Shares") with an exercise price of 60p per Ordinary Share and an expiry date of 10 May 2026 (the "Options"). The Options shall vest on 10 May 2024 subject to Mr Day being an employee in good standing of the Company or any controlled entity of the Company at that date.

The Options have been granted under the Enterprise Management Incentive scheme (EMI Scheme) of the Company, and where restrictions apply, the similar "Unapproved Scheme" of the Company.  Mr Day constitutes a PDMR for the purpose of the EU Market Abuse Regulation.

 

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)
Full name of person Dealing
Phillip Day
2.
Reason for notification
(a)
Position/status
Chief Executive Officer
(b)
Initial notification/ Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)
Name of entity
Scotgold Resources Limited
(b)
LEI
213800HL5A2K7LW2G360
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
(b)
Identification code
AU000XINEAK5
(c)
Nature of the transaction
Grant of Options
(d)
Price(s) and volume(s)
Prices(s)
Volume(s)
60 pence
840,000
(e)
Aggregated information:
- Aggregated volume
- Price
Single transaction as in 4(d) above
(f)
Date of transaction
10 May 2021
(g)
Place of transaction
Outside a Trading Venue

 

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

 For further information please contact:

Scotgold Resources Limited
Chief Executive Officer
Philip Day
SP Angel Corporate Finance LLP
Nomad and Broker
Ewan Leggat / Charlie Bouverat
St Brides Partners
Financial PR
Susie Geliher / Frank Buhagiar
Tel +44 (0) 20 3470 0470
Tel +44 (0) 20 7236 1177

 

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