REG - Xtract Resources plc - Award of share options

Xtract ResourcesAnnouncement

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RNS Number : 3304Y  Xtract Resources plc  26 March 2026

 

For immediate release

26 March 2026

Xtract Resources Plc

 
("Xtract" or the
"Company")

Award of Share Options

 

The Board of Xtract announces that on 25 March 2026, the Company awarded
35,600,000 new options (representing 2.99 per cent. of the current issued
share capital) to Directors and a further 44,100,000 new options (representing
3.71 per cent. of the current issued share capital) to employees, consultants
and other officers of the Company.

The new options vest in three (3) tranches: (i) One-third vests immediately on
award; (ii) one-third  vests upon the commencement of production at the
Silverking Mine; and (iii) one-third vests on 1 November 2026. The new options
have an exercise price of 1.40p per new Ordinary Share. The new options will
lapse five years after the date of the award, being 25 March 2031. The
exercise price represents a 55 per cent. premium to the mid-market closing
price of 0.90p per Ordinary Shares as at 24 March 2025, and a 40 per cent.
premium to the 30-day volume weighted average share price 1.00p for the 30
trading days ended 24 March 2026.  Further details of the new options awards
are as follows:

 Individual                                                 Number of new options
 Directors:
 Colin Bird                                                 23,000,000
 Kjeld Thygesen                                             300,000
 Alastair Ford                                              300,000
 Joel Silberstein                                           12,000,000

 Employees, consultants and other officers of the Company:
 Other                                                      44,100,000
 Total                                                      79,700,000

 

In making the new option awards, the Board considers that the management
remuneration and incentives align with long-term shareholder value creation
and provide commercial protections for the Company and its shareholders as a
whole. In particular, the new option exercise price is set a significant
premium to the current share price and vest over time and subject to the
conditions described above, aligning the interests of the option holders with
shareholders.

 

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                                  Michael Cornish      www.beaumontcornish.co.uk (http://www.beaumontcornish.co.uk)

                                                    Felicity Geidt

 AlbR Capital Limited                               Jon Bellis           +44 (0)207 399 9427

 Joint Broker                                       Colin Rowbury        www.albrcapital.com
                                                                         (https://url.uk.m.mimecastprotect.com/s/nlsqCLPXphRvL5fqh9uySdLr?domain=albrcapital.com/)

 

 Shard Capital Partners LLP Joint Broker  Damon Heath  +44 (0) 20 7186 9952

                                                       www.shardcapital.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                   1.40                23,000,000

                                                                                   Joel Silberstein     P                   1.40                12,000,000
                                                                                          Kjeld Thygesen       p                   1.40                300,000

                                                                                   Alastair Ford        p                   1.40                300,000
      Price(s) and volume(s)
 d)   Aggregated information

      - Aggregated volume                                          35,600,000 options over Ordinary Shares

      - Price                                                      1.40p

 e)   Date of the transaction                                       25 March 2026

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

- Aggregated volume

35,600,000 options over Ordinary Shares

- Price

1.40p

 

e)

 

Date of the transaction

 

 25 March 2026

f)

 

Place of the transaction

 

Outside a trading venue

 

ENDS

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