Grant of Options

RNS Number : 7021R

Arkle Resources PLC

09 March 2021

 

9 March 2021

Arkle Resources PLC

("Arkle" or the "Company")

Grant of Options

Arkle Resources PLC (LON: ARK), the Irish gold and zinc exploration and development company, is pleased to announce that the following long-term, incentive options have today been granted over 3,000,000 ordinary shares of EUR0.0025 in the Company (the "Options"). The Options vest immediately, have an exercise price of 1.8 pence and an expiry date of 8 March 2028. The Options will be distributed between the Directors as follows:

 Director     Number of Share Options granted

John Teeling, Non-Executive Chairman                                          1,000,000

                                                                                                              ------------------------

David Cockbill, Non-Executive Director                                          1,000,000

                                                                                                              ------------------------

James Finn, Financial Director and Company Secretary              1,000,000

                                                                                                              ------------------------

Following this grant of options, a total of 15,800,000 long-term, incentive options are outstanding, representing approximately 5.2% of the Company's current issued share capital.

ENDS

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:

1		Details of the person discharging managerial responsibilities / person closely associated
a)	Name				1.  John Teeling 2.  David Cockbill 3.  J ames Finn
2		Reason for the notification
a)	Position/status				1.  Non-Executive Chairman 2.  Non-Executive Director 3.  Financial Director and Company Secretary
b)	Initial notification /Amendment				Initial notification
3		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name				Arkle Resources PLC
b)	LEI				213800CTOO8MOLMNEQ44
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				Ordinary shares of EUR0.0025
	Identification code				E00B2357X72
b)	Nature of the transaction				Grant of options over ordinary shares
c)	Price(s) and volume(s)
						Price(s)	Volume(s)
				1 .		1 .8 pence	1 ,000,000
				2 .		1 .8 pence	1 ,000,000
				3 .		1 .8 pence	1 ,000,000
d)	Aggregated information				S ingle transactions as in 4 c) above
	- Aggregated volume				3,000,000
	- Price				1.8 pence
e)	Date of the transaction				2 021-03-09
f)	Place of the transaction				Outside a trading venue

ENDS

Enquiries:

Arkle Resources PLC
John Teeling, Chairman	[phone]
Jim Finn, Finance Director	[phone]
SP Angel Corporate Finance LLP Nominated Adviser & Joint Broker
Matthew Johnson/Adam Cowl	[phone]
First Equity Limited
Joint Broker
Jason Robertson	[phone]
Blytheweigh	[phone]
Megan Ray
Rachael Brooks
Teneo
Luke Hogg	[phone]
Ross Murphy	[phone]

 

END

 

 

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