Issue of Shares under SIP and Director's Dealings

RNS Number : 5471H

Corcel PLC

06 April 2022

 

Corcel PLC

("Corcel" or the "Company")

Issue of Shares under Share Incentive Plan and

Director's Dealings

6 April 2022

Corcel Plc, ("Corcel" or "the Company"), the natural resource exploration and development company with interests in battery metals and flexible grid solutions, announces that on 5 April 2022, the Board of Directors approved the issuance of 896,549 ordinary shares of £0.0001 each in the Company ("New Ordinary Shares") under the Company's Share Incentive Plan ("SIP") for the 2021/22 tax year as agreed in the Trustees meeting held on 1 April 2022.

Director's Participation

In respect of the 2021/22 tax year, Mr. Kaintz has purchased and been awarded 648,274 New Ordinary Shares under the SIP. These shares issued to Mr. Kaintz have been included in the table below, which sets out the total shareholding and interests of the Director in the enlarged share capital of the Company.

Directors	New Ordinary Shares	Ordinary Shares Post Issuance		Total Shares	% of Issued Share Capital	Warrants	Options
		Direct	Indirect
Scott Kaintz	648,274	3,554,550	2,402,549*	5,957,099	1.35%	2,185,417	9,711,964

* Mr. S. Kaintz is a beneficiary of 2,402,549 shares held on his behalf by Corcel Plc Share Incentive Plan Trustees.

Admission to Trading on AIM and Total Voting Rights

Application is being made to AIM for 896,549 New Ordinary Shares, allotted in relation to the SIP for 2021/22 tax year, to be admitted to trading on AIM, the admission of which it is expected on or around 12 April 2022.

In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the Placing Shares its issued ordinary share capital will comprise 440,878,295 ordinary shares.

All of the ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 440,878,295. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.

For Further Information Contact:

Scott Kaintz  020 7747 9960  Corcel Plc CEO 

James Joyce / Andrew de Andrade   0207 220 1666  WH Ireland Ltd NOMAD & Broker

Simon Woods  0207 3900 230        Vigo Consulting IR 

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU, which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed in accordance with the Company's obligations under Article 17.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Scott Kaintz
2	Reason for notification
a)	Position / status	Executive Director, PDMR
b)	I nitial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auctionplatform, auctioneer or auction monitor
a)	Name	Corcel Plc
b)	LEI	LEI:  2138009ECXQQ3EGKVY57
4	Details of the transaction(s): section to be repeated for (i) each type ofinstrument; (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   I d e ntification code	Ordinary shares of £0.0001 each in Corcel Plc ISIN GB00BKM69866
	Nature of the transaction	Issue of ordinary shares under Corcel Plc Share Incentive Plan
c)	Price(s) and volumes(s)	Name(s) Price(s) Volumes(s)  Scott Kaintz £0.0145 £0.0135 248,275 399,999
d)	Aggregated information -  Aggregated Volume -  Aggregated Price	648,274 shares £0.01388
e)	Date of the transaction	5 April 2022
f)	Place of the transaction	Outside of trading venue

 

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