Issuance of Share Incentive Awards

Zinnwald Lithium PLC

31 January 2025

 

31 January 2025

Zinnwald Lithium plc

("Zinnwald Lithium" or the "Company")

Issuance of Share Incentive Awards

Zinnwald Lithium plc (AIM: ZNWD), the German focussed lithium development company, announces the grant of a total of 2,624,814 Restricted Share Units ("RSUs") and 3,600,000 Options under the Company's Long-Term Incentive Plans relating to performance in 2024, and a total of 694,061 Performance Share Units ("PSUs") relating to performance from 1 January 2022 to 31 December 2024. 

The RSUs being granted to Executive Management under the terms of the RSU Scheme, approved by shareholders in October 2020, relate to the performance period that ran from 1 January 2024 to 31 December 2024.   The RSUs will vest two years from the date of grant, being 31 January 2027, and the related shares (or cash alternative at the Company's discretion) will be issued on that date.  The RSUs are being granted to Executive Management on the following basis:

Name	Role	No of RSUs	Grant Date	Vesting Date
Anton du Plessis	CEO	1,431,762	31 January 2025	31 January 2027
Cherif Rifaat	CFO	1,193,052	31 January 2025	31 January 2027
Total		2,624,814

The Options have been granted to employees, consultants and Directors under the terms of the Scheme put in place at the time of the Company's original IPO in 2017. These Options to acquire ordinary shares in the capital of the Company have been granted at a price of 7.50p being the price at close on 30 January 2025.  Such options vest as to 1/3 on the date of grant and an additional 1/3 on each of the first and second anniversaries of the date of grant and are exercisable for a period of five years. The Options are being granted on the following basis:

Name	Role	No of Options	Issue Price	Grant Date	Expiry Date
Jeremy Martin	Non-executive Chairman	350,000	7.50p	31 January 2025	31 January 2030
Graham Brown	Non-executive Director	250,000	7.50p	31 January 2025	31 January 2030
Peter Secker	Non-executive Director	250,000	7.50p	31 January 2025	31 January 2030
Employees and Consultants		2,750,000	7.50p	31 January 2025	31 January 2030
Total

The PSUs being granted to Executive Management under the terms of the PSU Scheme, approved by shareholders in October 2020, relate to the performance period that ran from 1 January 2022 to 31 December 2024.   The PSUs will vest two years from the date of grant, being 31 January 2027.  The PSUs are being granted to Executive Management on the following basis:

Name	Role	No of PSUs	Grant Date	Vesting Date
Anton du Plessis	CEO	435,083	31 January 2025	31 January 2027
Cherif Rifaat	CFO	258,978	31 January 2025	31 January 2027
Total		694,061

For further information contact:

Anton du Plessis	Zinnwald Lithium plc	[e-mail]
David Hart Dan Dearden-Williams	Allenby Capital Limited (Nominated Adviser)	[phone]
Mike Seabrook Adam Pollock	Oberon Capital (Joint Broker)	[phone] [phone]
Richard Greenfield Charles Bendon	Tamesis Partner LLP (Joint Broker)	[phone]
Isabel de Salis Paul Dulieu	St Brides Partners (Financial PR)	[e-mail]

Notes

Zinnwald Lithium plc (EPIC: ZNWD.L) is an AIM quoted, German focused lithium development company focussed on becoming an important supplier to Europe's fast-growing battery sector. The Company owns the Zinnwald Lithium Project in Germany, an advanced development project with attractive economics and approved mining licence.  Its PEA, published in September 2022 highlighted the positive economics of the Project with a Pre-tax NPV8 of US$1,605m, IRR of 39.0%, $192m EBITDA and a payback of just 3.3 years.  The Project is located in the heart of Europe's chemical and automotive industries and has the potential to be one of Europe's more advanced battery grade lithium projects.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Name Position Anton du Plessis CEO Cherif Rifaat CFO
2	Reason for the notification
a)	Position/status	See 1a)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Zinnwald Lithium plc
b)	LEI	213800LXW3HPZ7ZSBE37
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	RSUs in relation to ordinary shares of GBP0.01 each in Zinnwald Lithium plc (or cash alternative at the Company's discretion) Identification code (ISIN) for Zinnwald Lithium plc ordinary shares: GB00BFN4GY99
b)	Nature of the transaction	Grant of RSUs
c)	Price(s) and volume(s)	Name  Price(s) Volume(s) Anton du Plessis n/a 1,431,762 Cherif Rifaat n/a 1,193,052
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	31 January 2025
f)	Place of the transaction	Outside a trading venue
a)	Description of the financial instrument, type of instrument Identification code	PSUs in relation to ordinary shares of GBP0.01 each in Zinnwald Lithium plc (or cash alternative at the Company's discretion)  Identification code (ISIN) for Zinnwald Lithium plc ordinary shares: GB00BFN4GY99
b)	Nature of the transaction	Grant of PSUs
c)	Price(s) and volume(s)	Name  Price(s) Volume(s) Anton du Plessis n/a 435,083 Cherif Rifaat n/a 258,978
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	31 January 2025
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Name Position Jeremy Martin Non-Executive Chairman Graham Brown Non-Executive Director Peter Secker Non-Executive Director
2	Reason for the notification
a)	Position/status	See 1a)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Zinnwald Lithium plc
b)	LEI	213800LXW3HPZ7ZSBE37
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	Options over ordinary shares of GBP0.01 each in Zinnwald Lithium plc Identification code (ISIN) for Zinnwald Lithium plc ordinary shares: GB00BFN4GY99
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)	Name  Price(s) Volume(s) Jeremy Martin 7.50p 350,000 Graham Brown 7.50p 250,000 Peter Secker 7.50p 250,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	31 January 2025
f)	Place of the transaction	Outside a trading venue

 

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