Issue of Fee Shares

RNS Number : 1841F

Rockfire Resources PLC

18 March 2022

 

18 March 2022

Rockfire Resources plc

("ROCK", "Rockfire" or "the Company")

Issue of Fee Shares

Director/PDMR Shareholding

Rockfire Resources plc (LON: ROCK), the gold and base metal exploration company, is pleased to announce that 1,228,070 new ordinary shares in the Company (the "Fee Shares") have been issued to Patrick Elliott for his services as Non-Executive Director of the Company for the period 1 October 2021 to 31 December 2021, in lieu of director and committee fees.

The Fee Shares are being issued in accordance with the service agreement between Patrick Elliott and the Company, whereby he agreed to accept his annual remuneration as new ordinary shares in the Company. Under the terms of his service agreement, the shares become due at the end of each quarter and will be allotted by the Board on an ad-hoc basis. This issue of shares includes his director's remuneration for the period 1 October 2021 to 31 December 2021, plus his fees payable as a member of the Audit and Remuneration committees for this quarter. The issue price is 0.57 pence per share, calculated using the closing mid-market price per share on the final trading day of this quarter.

Application has been made for the admission of the Fee Shares to trading on AIM ("Admission").  It is anticipated that Admission will become effective on or around 8.00 a.m. on 25 March 2022. 

On Admission, Patrick Elliott will have an interest in 13,697,893 Shares, representing approximately 1.26 per cent. of the issued share capital of the Company, as enlarged by the Fee Shares. The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation, is appended below.

Total Voting Rights

Following Admission, the total number of ordinary shares and voting rights in the Company will be 1,083,694,195 . The Company does not hold any shares in treasury. From Admission, the above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.  

For further information on the Company, please visit www.rockfireresources.com or contact the following: 

Rockfire Resources plc:	[e-mail]
David Price, Chief Executive Officer
Allenby Capital Limited (Nominated Adviser & Broker)	Tel: [phone]
John Depasquale / George Payne (Corporate Finance) Matt Butlin / Kelly Gardner (Sales and Corporate Broking)
Yellow Jersey	[e-mail]
Sarah Hollins / Henry Wilkinson	Tel: [phone]

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	Patrick Elliott
2	Reason for the notification
a)	Position/status	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	Rockfire Resources plc
b)	LEI	213800THSZQSFKTXOI24
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  Identification code	Ordinary Shares of 0.1p each Identification code (ISIN) for Rockfire Resources plc ordinary shares: GB00B42TN250
b)	Nature of the transaction	Issue of ordinary shares in consideration of payment of director fees
c)	Price(s) and volume(s)	Price(s) Volume(s) 0.57 1,228,070
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	17 March 2022
f)	Place of the transaction	Outside a trading venue

 

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