REG - Xtract Resources plc - Award of share options

Xtract ResourcesAnnouncement

09/05/2025 15:30

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RNS Number : 1363I  Xtract Resources plc  09 May 2025

 

For immediate release

9 May 2025

Xtract Resources Plc

("Xtract" or the "Company")

Award of Share Options

 

The Board of Xtract announces that on 8 May 2025, the Company awarded
13,700,000 new options (representing 1.6 per cent. of the current issued share
capital) to Directors and a further 11,860,000 new options (representing 1.38
per cent. of the current issued share capital) to employees, consultants and
officers of the Company.

The new options vest and are exercisable immediately on award, with an
exercise price of 1.35p per new Ordinary Share. The new options will lapse
five years after the date of the award, being 7 May 2030. The exercise price
represents a 35 per cent. premium to the mid-market closing price of 1.00p of
the Ordinary Shares as at 8 May 2025, and a 42 per cent. premium to the 30-day
volume weighted average share price for the 30 trading days ended 8 May 2025.
 Further details of the new options awards are as follows:

 Individual        Number of new options
 Directors:
 Colin Bird        9,000,000
 Kjeld Thygesen    350,000
 Alastair Ford     350,000
 Joel Silberstein  4,000,000

 Employees:
 Other             11,860,000
 Total             25,560,000

 

A copy of this announcement: www.xtractresources.com
(http://www.xtractresources.com)

 

Enquiries:

 Xtract Resources Plc                               Colin Bird,          +44 (0)20 3416 6471

                                                    Executive Chairman   www.xtractresources.com (http://www.xtractresources.com)

 Beaumont Cornish Limited                           Roland Cornish       +44 (0)207628 3369

 Nominated Adviser and Joint Broker                 Michael Cornish      www.beaumontcornish.co.uk (http://www.beaumontcornish.co.uk)

                                                    Felicity Geidt

 Novum Securities Limited                           Jon Bellis           +44 (0)207 399 9427

 Joint Broker                                       Colin Rowbury        www.novumsecurities.com

 

 

The following disclosure is made in accordance with Article 19 of the EU
Market Abuse Regulation 596/2014.

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         1.    Colin Bird

                                                                   2.    Joel Silberstein

                                                                   3.    Kjeld Thygesen

                                                                   4.    Alastair Ford

 2    Reason for the notification

 a)   Position/status                                              1. Chairman

                                                                   2. Finance Director

                                                                   3. Non-Executive Director

                                                                   4  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                                                         Xtract Resources plc

 b)   LEI                                                          213800A71LZ79EKUNC34

 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  Options over Ordinary Shares of 0.02p each ("Ordinary Shares")

      Identification code                                          ISIN: GB00BYSX2795

 b)   Nature of the transaction                                    Issue of Options over Ordinary Shares

 c)

Director             Price payable on exercise of option     Volume(s)
                                                                                          Colin Bird           P                   1.35                9,000,000

                                                                                   Joel Silberstein     P                   1.35                4,000,000
                                                                                          Kjeld Thygesen       p                   1.35                350,000

                                                                                   Alastair Ford        p                   1.35                350,000
      Price(s) and volume(s)

 d)   Aggregated information

      - Aggregated volume                                          13,700,000 options over Ordinary Shares

      - Price                                                      1.35p

 e)   Date of the transaction                                       8 May 2025

 f)   Place of the transaction                                     Outside a trading venue

 

 

 

 

 

 

 

 

d)

 

Aggregated information

- Aggregated volume

13,700,000 options over Ordinary Shares

- Price

1.35p

 

e)

 

Date of the transaction

 

 8 May 2025

f)

 

Place of the transaction

 

Outside a trading venue

ENDS

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