Director Share Purchase and Grant of Options

RNS Number : 5633T

Strategic Minerals PLC

06 January 2017

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

6 January 2017

Strategic Minerals plc

("Strategic Minerals" or the "Company")

Director Share Purchase and Grant of Options to Directors and Management

Director Purchase

Strategic Minerals plc (AIM: SML; USOTC: SMCDY) has been informed that Peter Wale, Director of the Company, acquired on 6 January 2017 a total of 2,500,000 ordinary shares in the Company at a price of 0.48474 pence per share.  Following this acquisition, Mr Wale becomes the Company's largest shareholder with a beneficial interest in 46,364,000 ordinary shares in the Company, representing 3.8% of the Company's issued share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the acquisition of shares in the Company by a director.

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:	Peter Verdun Wale
2.	Reason for the notification
a)	Position/status:	Director
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Strategic Minerals plc
b)	LEI:
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 GB00B4W8PD74
b)	Nature of the transaction:	Acquisition of shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 0.4730 pence 1,000,000 0.4889 pence 0.4999 pence     1,000,000 500,000
d)	Aggregated information: Aggregated volume: Price:	Price(s) Volume(s) 0.48474 pence 2,500,000
e)	Date of the transaction:	2017-01-06 08.261hrs UTC (1,000,000 shares) 08.28hrs UTC (1,000,000 shares) 08.29hrs UTC (500,000 shares)
f)	Place of the transaction:	London Stock Exchange (AIM)

Grant of Options

The Board of SML announce that they have granted the following options in the Company to reflect recent Board appointments and contributions to operations throughout 2016:

Holder	Number	Exercise Price	Expiry Date	Vesting Conditions**
John Peters	8,000,000	£0.01	30/06/2018	£0.015 VWAP
John Peters	8,000,000	£0.01	30/06/2019	£0.030 VWAP
Clovis Hooper	3,000,000	£0.01	30/06/2018	£0.015 VWAP
Clovis Hooper	3,000,000	£0.01	30/06/2019	£0.030 VWAP
Alan Broome	3,000,000	£0.01	30/06/2018	£0.015 VWAP
Alan Broome	3,000,000	£0.01	30/06/2019	£0.030 VWAP
Peter Wale	2,000,000	£0.01	30/06/2018	£0.015 VWAP
Peter Wale	2,000,000	£0.01	30/06/2019	£0.030 VWAP

** VWAP is a volume weighted average price per ordinary share over five consecutive trading days on AIM

The total number of options and the individual holdings can be found on the Strategic Minerals website (www.strategicminerals.net).

Commenting, Strategic Mineral's Managing Director, John Peters, said:

"The support shown by Peter Wale, our Director and now largest shareholder, is an encouraging sign of his, and the Board's, faith in the strategy being enacted. This strategy continues to be focused on operations being undertaken from existing cash flows and expected value added exploration (Redmoor and CARE) being managed by the Company and its joint venture partners.

Options granted continue to be at a significant premium to the current share price but reflect both Management and the Board's confidence in the Company's future performance and the need for shareholders to substantially benefit before rewarding Management and the Board."

For further information, please contact:

Strategic Minerals plc John Peters Managing Director   www.strategicminerals.net Follow Strategic Minerals on: Twitter: @SML_Minerals                  LinkedIn: strategic-minerals-plc	[phone]
SP Angel Corporate Finance LLP Nominated Adviser and Joint Broker Ewan Leggat Laura Harrison	[phone]
Optiva Securities Limited Joint Broker Graeme Dickson	[phone]
Yellow Jersey PR Financial PR Felicity Winkles  Alistair de Kare-Silver	[phone]

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the grant of options detailed above:

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	1.   John Peters 2.   Clovis Hooper 3.   Alan Broome 4.   Peter Wale
2.	Reason for the notification
a)	Position/status:	1.   Managing Director 2.   President of US Subsidiary 3.   Non-Executive Chairman 4.   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:	Strategic Minerals plc
b)	LEI:
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 GB00B4W8PD74
b)	Nature of the transaction:	Grant of options
c)	Price(s) and volume(s):	Exercise Price Volume(s) 1. 1. £0.015 £0.030 8,000,000 8,000,000 2. 2. 3. 3. 4. 4. £0.015 £0.030 £0.015 £0.030 £0.015 £0.030 3,000,000    3,000,000 3,000,000 3,000,000 2,000,000 2,000,000
d)	Aggregated information: Aggregated volume: Price:	Price(s) Volume(s) 0.0225 pence 32,000,000
e)	Date of the transaction:	2017-01-06 07.45hrs UTC
f)	Place of the transaction:	Outside of a trading venue

 

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