REG - Zinnwald Lithium PLC - Issuance of RSUs and Options

Zinnwald LithiumAnnouncement

17/01/2022 07:05

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220117:nRSQ5599Ya&default-theme=true

RNS Number : 5599Y  Zinnwald Lithium PLC  17 January 2022

17 January 2022

Zinnwald Lithium plc

 

("Zinnwald Lithium" or the "Company")

 

Issuance of RSUs and Options

 

Zinnwald Lithium plc (AIM: ZNWD), the German focussed lithium development
company, announces the grant of a total of 1,909,530 Restricted Share Units
("RSUs") and 4,000,000 Options under the Company's Long-Term Incentive
Plans.

 

The RSUs being granted to Executive Management under the terms of the RSU
Scheme, approved by shareholders in October 2020 as part of its reverse
takeover transaction, relate to the first performance period that ran from 1
October 2020 to 31 December 2021.   The RSUs will vest two years from the
date of grant, being 15 January 2024, and the related shares (or cash
alternative at the Company's discretion) will be issued on that date.  Full
details of the RSUs are set out in the Company's admission document dated 9
October 2020. The RSUs are being granted to Executive Management on the
following basis:

 

 Name              Role  No of RSUs  Grant Date       Vesting Date
 Anton du Plessis  CEO   1,305,249   15 January 2022  15 January 2024
 Cherif Rifaat     CFO   604,282     15 January 2022  15 January 2024
 Total                   1,909,531

 

The 4,000,000 Options have been granted to employees, consultants and
Directors under the terms of the Scheme put in place at the time of the
Company's original IPO in 2017. These Options to acquire ordinary shares in
the capital of the Company have been granted at a price of 18.10p, being the
closing share price on 14 January 2022.  Such options vest as to 1/3 on the
date of grant and an additional 1/3 on each of the first and second
anniversaries of the date of grant and are exercisable for a period of five
years. The Options are being granted on the following basis:

 

 Name           Role                    No of Options  Issue Price  Grant Date       Expiry Date
 Jeremy Martin  Non-Executive Chairman  250,000        £0.1810      15 January 2022  15 January 2027
 Graham Brown   Non-Executive Director  150,000        £0.1810      15 January 2022  15 January 2027
 Peter Secker   Non-Executive Director  150,000        £0.1810      15 January 2022  15 January 2027
 Employees and Consultants              3,450,000      £0.1810      15 January 2022  15 January 2027
 Total                                  4,000,000

 

On issuance of these awards, the total number of RSUs in issue will be
1,909,531 and the total number of Options will be 5,900,000, which represents
a combined 2.66 per cent. of the Company's current issued share capital.

 

Change to Broker

The Company also announces that, with effect from 29 January 2022, Oberon
Capital Limited shall be the sole broker for the Company on the expiry of a
three month notice period with Turner Pope Investments (TPI) Ltd.  The
Company would like to thank Turner Pope for all their work as Broker since the
Company's IPO on AIM in December 2017.

 

 

 

For further information contact:

 

 Anton du Plessis                                 Zinnwald Lithium plc               info@zinnwaldlithium.com
 David Hart/Liz Kirchner                          Allenby Capital Limited            +44 (0) 20 3328 5656

                                                  (Nominated Adviser)
 Mike Seabrook / Robert Hayward / Chris Crawford  Oberon Capital                     +44 (0) 20 3179 5344

                                                  (Joint Broker)                     +44 (0) 20 3179 5315
 James Pope/Andy Thacker                          Turner Pope Investments (TPI) Ltd  +44 (0) 20 3657 0050

                                                  (Joint Broker)
 Isabel de Salis/Frank Buhagiar                   St Brides Partners (Financial PR)  info@stbridespartners.co.uk

Notes

Zinnwald Lithium plc (EPIC: ZNWD.L) is an AIM quoted, German focused lithium
development company focussed on becoming an important supplier
to Europe's fast-growing battery sector. The Company owns the Zinnwald
Lithium Project in Germany, a late-stage development project with attractive
economics and approved mining licence.  A Feasibility Study, published
in June 2019, highlighted a €428m pre-tax NPV, a pre-tax IRR of 27.4% and
a 46% EBITDA margin for Zinnwald.  The project is located in the heart
of Europe's chemical and automotive industries and has the potential to be
one of Europe's most advanced battery grade lithium projects.

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Name              Position
                                                                   Anton du Plessis  CEO
                                                                   Cherif Rifaat     CFO
 2    Reason for the notification
 a)   Position/status                                              See 1a)
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Zinnwald Lithium plc
 b)   LEI                                                          213800LXW3HPZ7ZSBE37
 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  RSUs in relation to ordinary shares of GBP0.01 each in Zinnwald Lithium plc

                                                            (or cash alternative at the Company's discretion)
      Identification code

                                                                   Identification code (ISIN) for Zinnwald Lithium plc ordinary
                                                                   shares: GB00BFN4GY99
 b)   Nature of the transaction                                    Grant of RSUs

 c)   Price(s) and volume(s)                                       Name               Price(s)   Volume(s)
                                                                   Anton du Plessis  n/a         1,305,249
                                                                   Cherif Rifaat     n/a         604,282
 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      15 January 2022
 f)   Place of the transaction                                     Outside a trading venue

2

Reason for the notification

a)

Position/status

See 1a)

b)

 

Initial notification /Amendment

Initial notification

3

 

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

a)

Name

Zinnwald Lithium plc

b)

LEI

213800LXW3HPZ7ZSBE37

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

Identification code

RSUs in relation to ordinary shares of GBP0.01 each in Zinnwald Lithium plc
(or cash alternative at the Company's discretion)

 

Identification code (ISIN) for Zinnwald Lithium plc ordinary
shares: GB00BFN4GY99

b)

Nature of the transaction

Grant of RSUs

 

c)

Price(s) and volume(s)

 Name               Price(s)   Volume(s)
 Anton du Plessis  n/a         1,305,249
 Cherif Rifaat     n/a         604,282

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

15 January 2022

f)

Place of the transaction

Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Name           Position
                                                                   Jeremy Martin  Non-Executive Chairman
                                                                   Graham Brown   Non-Executive Director
                                                                   Peter Secker   Non-Executive Director
 2    Reason for the notification
 a)   Position/status                                              See 1a)
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Zinnwald Lithium plc
 b)   LEI                                                          213800LXW3HPZ7ZSBE37
 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 GBP0.01 each in Zinnwald Lithium plc

      Identification code

                                                                   Identification code (ISIN) for Zinnwald Lithium plc ordinary
                                                                   shares: GB00BFN4GY99
 b)   Nature of the transaction                                    Grant of options over ordinary shares

 c)   Price(s) and volume(s)                                       Name            Price(s)   Volume(s)
                                                                   Jeremy Martin  £0.1810     250,000
                                                                   Graham Brown   £0.1810     150,000
                                                                   Peter Secker   £0.1810     150,000
 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      15 January 2022
 f)   Place of the transaction                                     Outside a trading venue

2

Reason for the notification

a)

Position/status

See 1a)

b)

 

Initial notification /Amendment

Initial notification

3

 

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

a)

Name

Zinnwald Lithium plc

b)

LEI

213800LXW3HPZ7ZSBE37

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

Identification code

Options over ordinary shares of GBP0.01 each in Zinnwald Lithium plc

 

Identification code (ISIN) for Zinnwald Lithium plc ordinary
shares: GB00BFN4GY99

b)

Nature of the transaction

Grant of options over ordinary shares

 

c)

Price(s) and volume(s)

 Name            Price(s)   Volume(s)
 Jeremy Martin  £0.1810     250,000
 Graham Brown   £0.1810     150,000
 Peter Secker   £0.1810     150,000

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

15 January 2022

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  DSHGPUUUGUPPPGQ