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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