Grant of Options

RNS Number : 3872N

Arkle Resources PLC

19 May 2020

 

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

19 May 2020

Arkle Resources PLC

("Arkle" or the "Company")

Grant of Options

Arkle Resources PLC (LON: ARK), the Irish gold and zinc exploration and development company, is pleased to announce that the following long-term, incentive options have today been granted over 9,000,000 ordinary shares of €0.0025 in the Company ("the Options").  The Options vest immediately, have an exercise price of 0.95 pence and an expiry date of 18 May 2027.  The Options will be distributed between the Directors as follows:

Director	Number of Share Options granted
John Teeling, Non-Executive Chairman	2,000,000
Patrick Cullen, CEO	3,000,000
David Cockbill, Non-Executive Director	2,000,000
James Finn, Financial Director and Company Secretary	2,000,000

Following this grant of options, the directors and a consultant to the Company hold a total of 11,800,000 long-term, incentive options, representing approximately 5.5% of the Company's issued share capital, as enlarged by the placing announced on 18 May 2020.

ENDS

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.

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:	1.  John Teeling 2.  Patrick Cullen 3.  David Cockbill 4.  James Finn
2.	Reason for the notification
a)	Position/status:	1.  Non-Executive Chairman 2.  CEO 3.  Non-Executive Director 4.  Financial Director and Company Secretary
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Arkle Resources PLC
b)	LEI:	213800CTOO8MOLMNEQ44
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 €0.0025 each   E00B2357X72
b)	Nature of the transaction:	Grant of options over ordinary shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 1.  0.95p 2.  0.95p 3.  0.95p 4.  0.95p 2,000,000 3,000,000 2,000,000 2,000,000
d)	Aggregated information: Aggregated volume: Price:	Single transactions as in 4 c) above Price(s) Volume(s) 0.95 pence 9,000,000
e)	Date of the transaction:	2020-05-19
f)	Place of the transaction:	Outside a trading venue

Enquiries:

Arkle Resources PLC
John Teeling, Chairman	[phone]
Patrick Cullen, CEO	[phone]
	[phone]
SP Angel Corporate Finance LLP
Matthew Johnson/Soltan Tagiev	[phone]
First Equity Limited
Jason Robertson	[phone]
Blytheweigh	[phone]
Megan Ray
Teneo
Luke Hogg	[phone]
Alan Tyrrell	[phone]

 

END

 

 

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