REG - Zinnwald Lithium PLC - Issuance of RSUs and Options

Zinnwald LithiumAnnouncement

23/03/2023 08:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230323:nRSW9976Ta&default-theme=true

RNS Number : 9976T  Zinnwald Lithium PLC  23 March 2023

23 March 2023

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 3,406,780 Restricted Share Units
("RSUs") and 2,450,000 Options under the Company's Long-Term Incentive Plans
relating to performance in 2022 as detailed in the 2022 Annual Accounts
published on 22 March 2023.

 

The RSUs being granted to Executive Management under the terms of the RSU
Scheme, approved by shareholders in October 2020, relate to the second
performance period that ran from 1 January 2022 to 31 December 2022.   The
RSUs will vest two years from the date of grant, being 23 March 2025, and the
related shares (or cash alternative at the Company's discretion) will be
issued on that date.  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   2,135,593   23 March 2023  23 March 2025
 Cherif Rifaat     CFO   1,271,186   23 March 2023  23 March 2025
 Total                   3,406,780

 

The 2,450,000 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 10.41p being the
price of the Fundraise that was announced on 22 March 2023.  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  350,000        £0.1041      23 March 2023  23 March 2028
 Graham Brown   Non-Executive Director  250,000        £0.1041      23 March 2023  23 March 2028
 Peter Secker   Non-Executive Director  250,000        £0.1041      23 March 2023  23 March 2028
 Employees and Consultants              1,600,000      £0.1041      23 March 2023  23 March 2028
 Total                                  2,450,000

 

On issuance of these awards, the total number of RSUs in issue will be
5,316,310 and the total number of Options will be 6,650,000.

 

For further information contact:

 

 Anton du Plessis       Zinnwald Lithium plc               info@zinnwaldlithium.com
 John Depasquale        Allenby Capital Limited            +44 (0) 20 3328 5656

 Dan Dearden-Williams   (Nominated Adviser)
 Mike Seabrook          Oberon Capital                     +44 (0) 20 3179 5344

 Adam Pollock           (Joint Broker)                     +44 (0) 20 3179 5315
 Richard Greenfield     Tamesis Partner LLP                +44 (0) 20 3882 2868

 Charles Bendon         (Co-Broker to the Placing)
 Isabel de Salis        St Brides Partners (Financial PR)  info@stbridespartners.co.uk

 Paul Dulieu

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, an advanced development project with attractive
economics and approved mining licence.  Its PEA, published in September 2022
highlighted the positive economics of the Project with a Pre-tax NPV8 of
US$1,605m, IRR of 39.0%, $192m EBITDA and a payback of just 3.3 years.  The
Project is located in the heart of Europe's chemical and automotive
industries and has the potential to be one of Europe's more 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         2,135,593
                                                                   Cherif Rifaat     n/a         1,271,186
 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      23 March 2023
 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         2,135,593
 Cherif Rifaat     n/a         1,271,186

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

23 March 2023

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  £0.1041     350,000
                                                                   Graham Brown   £0.1041     250,000
                                                                   Peter Secker   £0.1041     250,000
 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      23 March 2023
 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  £0.1041     350,000
 Graham Brown   £0.1041     250,000
 Peter Secker   £0.1041     250,000

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

23 March 2023

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  DSHPPUBUWUPWURW