REG - Strategic Minerals - Exercise of Options and Total Voting Rights

Strategic MineralsAnnouncement

21/12/2018 11:15

RNS Number : 2815L
Strategic Minerals PLC
21 December 2018
 


Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
 
21st December 2018
 
 Strategic Minerals plc
("Strategic Minerals", "SML" or the "Company")
Exercise of Options and Total Voting Rights
 
Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company actively developing projects prospective for battery materials, is pleased to announce that Managing Director, John Peters, has today provided an exercise notice, and payment of £0.01 per ordinary share of 0.1 pence each in the capital of the Company ("Ordinary Share"), in relation to 1,000,000 vested options which expire on 30 June 2019. 
Upon issuance of the new Ordinary Shares relating to this exercise, Mr Peters will have an interest in 34,500,000 shares, which would represent 2.49% of the Company's issued capital.
Commenting, Peter Wale, Executive Director, Strategic Minerals said:
"Today's exercise of options reinforces Mr Peters' long term commitment to the Company and his belief in the management team to deliver on our range of projects, which will provide the basis for sustainable, long term share price appreciation."
Admission to AIM and Total Voting Rights
Application will be made for admission of these 1,000,000 new Ordinary Shares to trading on AIM ("Admission") and it is expected that Admission will take place and that trading will commence on AIM at 8.00 a.m. on 10 January 2019.
Following Admission, there will be a total of 1,383,693,127 Ordinary Shares in issue.  The Company does not hold any shares in treasury.  Consequently, 1,383,693,127 is the figure which may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
 



For further information, please contact








Strategic Minerals plc


+61 (0) 414 727 965




John Peters








Managing Director








www.strategicminerals.net


















Follow Strategic Minerals on:








Vox Markets:


https://www.voxmarkets.co.uk/company/SML/




Twitter:


@SML_Minerals




LinkedIn:


https://www.linkedin.com/company/strategic-minerals-plc




Facebook:


https://www.facebook.com/search/top/?q=strategic%20minerals%20plc














SP Angel Corporate Finance LLP


+44 (0)20 3470 0470




Nominated Adviser and Broker








Ewan Leggat








Laura Harrison












 
Notes to Editors
Strategic Minerals Plc is an AIM-quoted, operating minerals company actively developing projects prospective for battery materials. It has an operation in the United States of America and development projects in the UK and Australia. The Company is focused on utilising its operating cash flows, along with capital raisings, to develop high quality projects aimed at supplying the metals and minerals being sought in the burgeoning electric vehicle/battery market.
In September 2011, Strategic Minerals acquired the Cobre magnetite tailings dam project in New Mexico, USA, a cash-generating asset, which it brought into production in 2012 and which continues to provide a revenue stream for the Company. This operating revenue stream is utilised to cover company overheads and invest in its development projects.
In January 2016, the portfolio was expanded with the acquisition of shares in Central Australian Rare Earths Pty Ltd, which holds tenements in Western Australia that are prospective for cobalt, nickel sulphides and rare earth elements. The Company has since acquired all shares in Central Australian Rare Earths Pty Ltd. In September 2018, the Company sold certain CARE tenements that had been identified as gold targets.
In May 2016, the Company entered into an agreement with New Age Exploration Limited and, in February 2017, acquired 50% of the Redmoor Tin/Tungsten project in Cornwall, UK. The bulk of the funds from the Company's investment were utilised to complete a drilling programme that year. The drilling programme resulted in a significant upgrade of the resource. The 2018 drill programme is almost complete and has provided the best assay results to date.
In March 2018, the Company completed the acquisition of the Leigh Creek Copper Mine situated in the copper rich belt of South Australia and is currently working to bring this into operation in 2019.
 
PDMR Disclosure
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealing.
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


John Peters




2.             


Reason for notification




(b)          


Position/status


Managing Director




(c)           


Initial notification/ Amendment


Initial notification




3.             


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




(d)          


Name of entity


Strategic Minerals Plc




(e)           


LEI


213800DICA5NPVOJT776




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




(f)           


Description of the financial instrument, type of instrument


Ordinary shares of 0.1 pence each in the Company




(g)           


Identification code


GB00B4W8PD74




(h)          


Nature of the transaction


Issue of ordinary shares as a result of the exercise of unlisted options




(i)           


Price(s) and volume(s)





Prices(s)


Volume(s)




1 pence


1,000,000








(j)           


Aggregated information:
- Aggregated volume
- Price


Single transaction as in 4(d) above



Prices(s)


Volume(s)




1 pence


1,000,000








(k)           


Date of transaction


21 December 2018




(l)           


Place of transaction


Outside a trading venue



 




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