Options Award and Directors Dealings

RNS Number : 1051D
Corcel PLC
28 February 2022
 

 

 

Corcel PLC

("Corcel" or the "Company")

 

Options Award and Directors Dealings

 

28 February 2022

 

Corcel, the natural resource exploration and development company with interests in battery metals and flexible energy generation and storage, announces an award of options. 

Options Award and Director's Dealings

 

The Company announces the grant of 20,606,278 five-year options to Directors and key staff, 8,447,197 of which fall under the Company's existing Enterprise Management Scheme.  Each option entitles the holder upon exercise to one ordinary share of £0.0001 in the capital of the Company at a strike price of £0.017 (a 26% premium to the most recent closing price of 25 February 2022).  The options have a three-year vesting period with the vesting further contingent on the award of a mining lease at the Company's Mambare nickel-cobalt project in Papua New Guinea.  Pursuant to the recommendation of the Remuneration Committee, the Board has awarded the following options. 

 

Award

Strike Price

Expiry Date

James Parsons

6,547,197

£ 0.017

28-Feb-2027

Scott Kaintz

6,547,197

£ 0.017

28-Feb-2027

Ewen Ainsworth

2,805,942

£ 0.017

28-Feb-2027

Henry Bellingham

2,805,942

£ 0.017

28-Feb-2027

Other Personnel

1,900,000

£ 0.017

28-Feb-2027

 

 

Following the grant of options, the resultant Directors' shareholdings are as follows:

 

Directors

Ordinary Shares

Total Shares

% of Issued Share Capital

Warrants

Options

 
 

 

Direct

Indirect

 

 

 

 

 

James Parsons

3,089,773

2,143,100

5,232,873

1.31%

2,381,250

9,587,764

 

Scott Kaintz

2,570,944

1,754,275

4,325,219

1.08%

2,185,417

9,711,964

 

Henry Bellingham

0

0

0

0.00%

0

2,805,942

 

Ewen Ainsworth

2,253,429

0

2,253,429

0.56%

1,281,250

2,805,942

 

 

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.

 

 

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

James Parsons

2

Reason for the notification

a)

Position/status

 

PDMR (Executive Chairman)

 

b)

Initial notification/Amendment

Initial Notification

3

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

 

a)

Name

Corcel plc

 

b)

LEI

2138009ECXQQ3EGKVY57

 

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 £0.0001 each

 

 

Identification code

GB00BKM69866

 

b)

Nature of the transaction

Award of options  

 

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 

£0.017

 

6,547,197

 

d)

Aggregated information

6,547,197

 

 

Aggregated volume

N/A

 

 

Price

£0.017

 

e)

Date of the transaction

28 February 2022

 

f)

Place of the transaction

Outside a trading venue

 

             

 

 

 

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Scott Kaintz

2

Reason for the notification

a)

Position/status

 

PDMR (CEO)

 

b)

Initial notification/Amendment

Initial Notification

3

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

 

a)

Name

Corcel plc

 

b)

LEI

2138009ECXQQ3EGKVY57

 

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 £0.0001 each

 

 

Identification code

GB00BKM69866

 

b)

Nature of the transaction

Award of options 

 

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 

£0.017

 

6,547,197

 

d)

Aggregated information

6,547,197

 

 

Aggregated volume

N/A

 

 

Price

£0.017

 

e)

Date of the transaction

28 February 2022

 

f)

Place of the transaction

Outside a trading venue

 

             

 

 

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ewen Ainsworth

2

Reason for the notification

a)

Position/status

 

PDMR (Non-Executive Director)

 

b)

Initial notification/Amendment

Initial Notification

3

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

 

a)

Name

Corcel plc

 

b)

LEI

2138009ECXQQ3EGKVY57

 

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 £0.0001 each

 

 

Identification code

GB00BKM69866

 

b)

Nature of the transaction

Award of options 

 

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 

£0.017

 

2,805,942

 

d)

Aggregated information

2,805,942

 

 

Aggregated volume

N/A

 

 

Price

£0.017

 

e)

Date of the transaction

28 February 2022

 

f)

Place of the transaction

Outside a trading venue

 

             

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Henry Bellingham

2

Reason for the notification

a)

Position/status

 

PDMR (Non-Executive Director)

 

b)

Initial notification/Amendment

Initial Notification

3

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

 

a)

Name

Corcel plc

 

b)

LEI

2138009ECXQQ3EGKVY57

 

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 £0.0001 each

 

 

Identification code

GB00BKM69866

 

b)

Nature of the transaction

Award of options 

 

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 

£0.017

 

2,805,942

 

d)

Aggregated information

2,805,942

 

 

Aggregated volume

N/A

 

 

Price

£0.017

 

e)

Date of the transaction

28 February 2022

 

f)

Place of the transaction

Outside a trading venue

 

             

 

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