Grant of Share Options

RNS Number : 4773B

Pathfinder Minerals Plc

21 September 2018

 

21 September 2018

Pathfinder Minerals plc

("Pathfinder" or the "Company")

Grant of Share Options

Pathfinder announces that the Company has today granted a total of 15,250,000 options over the Company's ordinary shares of 0.1p each ("Ordinary Shares") to directors (the "Director Options") and 6,000,000 options over the Company's Ordinary Shares to management of the Company. Further details of the Director Options are set out below:

Director	No. of options Granted	Exercise Price	Expiry	Total No. of Options Held
Simon Farrell	6,000,000	1.75p	20/09/2023	6,000,000
Scott Richardson Brown	6,000,000	1.75p	20/09/2023	6,000,000
Sir Henry Bellingham	3,250,000	1.75p	20/09/2023	6,000,000

Related Party Transaction

The grant of the Director Options is considered to be a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. The Company's Nominated Adviser, Strand Hanson Limited, considers that the terms of the grant of the Director Options are fair and reasonable in so far as the Company's shareholders are concerned.

Enquiries:                                                                                                        

Pathfinder Minerals Plc

Scott Richardson Brown, Executive Director

Tel. [phone]

Strand Hanson Limited (Nominated & Financial Adviser and Broker)

James Spinney / Ritchie Balmer / Jack Botros

Tel. [phone]

Vigo Communications (Public Relations)

Ben Simons or Kate Rogucheva

Tel. [phone]

Email. [e-mail]

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

PDMR Notification

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.    Simon Farrell 2.    Scott Richardson Brown 3.    Sir Henry Bellingham
2.	Reason for the Notification
a)	Position/status	1.    Non-Executive Co-Chairman 2.    Executive Director 3.    Non-Executive Co-Chairman
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pathfinder Minerals PLC
b)	LEI	2138009YG6AG3K86TN77
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	Issue of options over ordinary shares of 0.1p each
	Identification code	GB00BYY0JQ23
b)	Nature of the Transaction	Issue of options
c)	Price(s) and volume(s)	Price(s) Volume(s) 1. 1.75 pence 2. 1.75 pence 3. 1.75 pence 6,000,000 6,000,000 3,250,000
d)	Aggregated information Aggregated volume price	N/A
e)	Date of the transaction	21 September 2018
f)	Place of the transaction	AIM (LSE)

 

END

 

 

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