REG - Zinnwald Lithium PLC - Issuance of Share Incentive Awards
31/01/2025 07:00
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RNS Number : 3666V Zinnwald Lithium PLC 31 January 2025
31 January 2025
Zinnwald Lithium plc
("Zinnwald Lithium" or the "Company")
Issuance of Share Incentive Awards
Zinnwald Lithium plc (AIM: ZNWD), the German focussed lithium development
company, announces the grant of a total of 2,624,814 Restricted Share Units
("RSUs") and 3,600,000 Options under the Company's Long-Term Incentive Plans
relating to performance in 2024, and a total of 694,061 Performance Share
Units ("PSUs") relating to performance from 1 January 2022 to 31 December
2024.
The RSUs being granted to Executive Management under the terms of the RSU
Scheme, approved by shareholders in October 2020, relate to the performance
period that ran from 1 January 2024 to 31 December 2024. The RSUs will
vest two years from the date of grant, being 31 January 2027, 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 1,431,762 31 January 2025 31 January 2027
Cherif Rifaat CFO 1,193,052 31 January 2025 31 January 2027
Total 2,624,814
The 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 7.50p being the price at close on 30
January 2025. 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 7.50p 31 January 2025 31 January 2030
Graham Brown Non-executive Director 250,000 7.50p 31 January 2025 31 January 2030
Peter Secker Non-executive Director 250,000 7.50p 31 January 2025 31 January 2030
Employees and Consultants 2,750,000 7.50p 31 January 2025 31 January 2030
Total
The PSUs being granted to Executive Management under the terms of the PSU
Scheme, approved by shareholders in October 2020, relate to the performance
period that ran from 1 January 2022 to 31 December 2024. The PSUs will
vest two years from the date of grant, being 31 January 2027. The PSUs are
being granted to Executive Management on the following basis:
Name Role No of PSUs Grant Date Vesting Date
Anton du Plessis CEO 435,083 31 January 2025 31 January 2027
Cherif Rifaat CFO 258,978 31 January 2025 31 January 2027
Total 694,061
For further information contact:
Anton du Plessis Zinnwald Lithium plc info@zinnwaldlithium.com
David Hart 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 (Joint Broker)
Isabel de Salis St Brides Partners (Financial PR) zinnwald@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 1,431,762
Cherif Rifaat n/a 1,193,052
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 31 January 2025
f) Place of the transaction Outside a trading venue
a) Description of the financial instrument, type of instrument PSUs 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
Identification code shares: GB00BFN4GY99
b) Nature of the transaction Grant of PSUs
c) Price(s) and volume(s) Name Price(s) Volume(s)
Anton du Plessis n/a 435,083
Cherif Rifaat n/a 258,978
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 31 January 2025
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 1,431,762
Cherif Rifaat n/a 1,193,052
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
31 January 2025
f)
Place of the transaction
Outside a trading venue
a)
Description of the financial instrument, type of instrument
Identification code
PSUs 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 PSUs
c)
Price(s) and volume(s)
Name Price(s) Volume(s)
Anton du Plessis n/a 435,083
Cherif Rifaat n/a 258,978
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
31 January 2025
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 7.50p 350,000
Graham Brown 7.50p 250,000
Peter Secker 7.50p 250,000
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 31 January 2025
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 7.50p 350,000
Graham Brown 7.50p 250,000
Peter Secker 7.50p 250,000
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
31 January 2025
f)
Place of the transaction
Outside a trading venue
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