Issue of Equity, PDMR/Director Holdings, TVR

Red Rock Resources plc

12 May 2023

 

Red Rock Resources Plc

("Red Rock" or the "Company")

Issue of Shares under Share Incentive Plan

Directors' Dealings and Total Voting Rights

12 May 2023

Red Rock Resources Plc, the natural resource exploration and development company, with interests in gold, copper, cobalt, lithium and other minerals, announces that on 11 May 2023, the Board of Directors approved the issuance of 24,512,229 ordinary shares of £0.0001 each in the Company ("New Ordinary Shares") under the Company's Share Incentive Plan ("SIP") for the 2022/23 tax year as agreed by the Trustees in their meeting held on 5 April 2023.

Directors' Participation

Directors participated in the shares purchase and award of 18,048,913 the New Ordinary Shares under the SIP in respect of the 2022/23 tax year, the details of which have been included in the table below, which sets out the total shareholding and interests of the Directors in the enlarged share capital of the Company.

Directors	New Ordinary Shares	Ordinary Shares Post Issuance		Total Shares	% of Enlarged Issued Share Capital	Options	Warrants
		Direct	Indirect*
Andrew R M Bell	4,517,371	34,316,883	22,031,503	56,348,386	2.84%	25,880,000	-
Alexander Borrelli	4,517,371	-	5,364,429	5,364,429	0.27%	-	-
Scott Kaintz	4,517,371	3,072,093	22,031,503	25,103,596	1.27%	17,840,000	-
Sam Quinn	4,496,800	2,656,766	20,026,225	22,682,991	1.14%	3,450,000	-

* These shares are held on Director's behalf by Red Rock Resources Plc Share Incentive Plan Trustees.

Admission to Trading on AIM and Total Voting Rights

Application is being made to AIM for 24,512,229 New Ordinary Shares, allotted in relation to the SIP for 2022/23 tax year, to be admitted to trading on AIM, the admission of which it is expected on or around 18 May 2023.

Following admission of the Shares, the Company's total issued share capital will consist of 1,983,050,298 ordinary shares, with one voting right per share. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company will be 1,983,050,298 ordinary shares. This 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 share capital of the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

For further information, please contact:

Andrew Bell 0207 747 9990                                                       Chairman Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396           NOMAD Beaumont Cornish Limited

Jason Robertson 0207 374 2212                                                Broker First Equity Limited                                                        

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	Andrew Bell
2	Reason for the notification
a)	Position/status	Executive Chairman, PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Red Rock Resources Plc
b)	LEI	213800383CFWX3U42W09
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	ISIN: GB00BYWKBV38
b)	Nature of the transaction	Issue of Shares under Share Incentive Plan
c)	Price(s) and volume(s)		Name Price(s) Volume(s) Andrew R M Bell £0.00210 £0.00185 2,571,426 1,945,945
d)	Aggregated information
	- Aggregated volume	4,517,371
	- Aggregated Price	£0.00199
e)	Date of the transaction	11 May 2023
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alexander Borrelli
2	Reason for the notification
a)	Position/status	Non-Executive Director, PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Red Rock Resources Plc
b)	LEI	213800383CFWX3U42W09
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	ISIN: GB00BYWKBV38
b)	Nature of the transaction	Issue of Shares under Share Incentive Plan
c)	Price(s) and volume(s)		Name Price(s) Volume(s) Alexander Borrelli £0.00210 £0.00185 2,571,426 1,945,945
d)	Aggregated information
	- Aggregated volume	4,517,371
	- Aggregated Price	£0.00199
e)	Date of the transaction	11 May 2023
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	Non-Executive Director, PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Red Rock Resources Plc
b)	LEI	213800383CFWX3U42W09
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	ISIN: GB00BYWKBV38
b)	Nature of the transaction	Issue of Shares under Share Incentive Plan
c)	Price(s) and volume(s)		Name Price(s) Volume(s) Scott Kaintz £0.00210 £0.00185 2,571,426 1,945,945
d)	Aggregated information
	- Aggregated volume	4,517,371
	- Aggregated Price	£0.00199
e)	Date of the transaction	11 May 2023
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sam Quinn
2	Reason for the notification
a)	Position/status	Non-Executive Director, PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Red Rock Resources Plc
b)	LEI	213800383CFWX3U42W09
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	ISIN: GB00BYWKBV38
b)	Nature of the transaction	Issue of Shares under Share Incentive Plan
c)	Price(s) and volume(s)		Name Price(s) Volume(s) Sam Quinn £0.00210 £0.00185 2,550,855 1,945,945
d)	Aggregated information
	- Aggregated volume	4,496,800
	- Aggregated Price	£0.00199
e)	Date of the transaction	11 May 2023
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rasa Vaitkute
2	Reason for the notification
a)	Position/status	Corporate Affairs Manager, PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Red Rock Resources Plc
b)	LEI	213800383CFWX3U42W09
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	ISIN: GB00BYWKBV38
b)	Nature of the transaction	Issue of Shares under Share Incentive Plan
c)	Price(s) and volume(s)		Name Price(s) Volume(s) Rasa Vaitkute £0.00185 1,945,945
d)	Aggregated information
	- Aggregated volume	N/A
	- Aggregated Price	N/A
e)	Date of the transaction	11 May 2023
f)	Place of the transaction	Outside a trading venue

 

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