Share Option Plan

RNS Number : 8485X

Katoro Gold PLC

02 September 2020

 

Katoro Gold plc (Incorporated in England and Wales)

( Registration Number: 9306219)

Share code on AIM: KAT

ISIN: GB00BSNBL022

("Katoro" or "the Company")

Dated: 2 September 2020

Katoro Gold PLC ('Katoro' or the 'Company')

Share Option Plan

Katoro Gold plc (AIM:       KAT), the AIM listed   gold and nickel exploration and development company, announces the issue of options to the Board of Directors (the "Board") and Management of the Company.

 

The Board has resolved to grant options ("Options") over a total of 17,300,000 new ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares") to the Board and Management of the Company. The Options are exercisable at 2.6 pence per Ordinary Share, constituting a c. 10% premium to the Company's recent closing share price on 28 August 2020. The Options have an expiry date of the seventh anniversary from the date of grant of 28 August 2020, with 50% vesting on issue and the remaining 50% vesting in one year.

Nameand Position	No.of Options
LouisCoetzee(Executive Chairman)	3 300 000
MylesCampion(Non-executive Director)	2 600 000
TinusMaree(Non-executive Director)	2 600 000
Paul Dudley(Non-executive Director)	2 600 000
LouisScheepers(Non-executive Director)	3 100 000
PieterKrugel(Financial Controller)	3 100 000
Total	17 300 000

Following these grants the total number of options in issue over Ordinary Shares is 17,300,000. The Options if fully exercised will constitute 5.34% of the Company's current issued share capital.

PDMR Notification Forms:

The notifications below are made in accordance with the requirements of the Market Abuse Regulation:

1.	Details of the person discharging managerial responsibilities/personclosely  associated
a)	Name	LouisLodewykCoetzee
2.	ReasonfortheNotification
a)	Position/status	ExecutiveChairman
b)	Initial notification/amendment	Initialnotification
3.	Detailsoftheissuer,emissionallowancemarketparticipant,auctionplatform,auctioneerorauctionmonitor
a)	Name	KatoroGoldPLC
b)	LEI	213800Q9L29ZXI53T558

4.	Detailsofthetransaction(s):sectiontoberepeatedfor(i)eachtypeofinstrument;(ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactionshavebeenconducted
a)	DescriptionoftheFinancial instrument, type ofinstrument	Ordinaryshareof£0.01each
	Identificationcode	GB00BSNBL022
b)	NatureoftheTransaction	Grant of options
c)	Price(s) Volume(s)	Exercise price - 2.6 pence 3,300,000
d)	AggregatedinformationAggregatedvolumeprice	N/A - single transaction
e)	Dateofthetransaction	28 August 2020
f)	Placeofthetransaction	Outsideatradingvenue

1.	Details of the person discharging managerial responsibilities/personclosely  associated
a)	Name	Myles Campion
2.	ReasonfortheNotification
a)	Position/status	Non-Executive Director
b)	Initial notification/amendment	Initialnotification
3.	Detailsoftheissuer,emissionallowancemarketparticipant,auctionplatform,auctioneerorauctionmonitor
a)	Name	KatoroGoldPLC
b)	LEI	213800Q9L29ZXI53T558
4.	Detailsofthetransaction(s):sectiontoberepeatedfor(i)eachtypeofinstrument;(ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactionshavebeenconducted
a)	DescriptionoftheFinancial instrument, type ofinstrument	Ordinaryshareof£0.01each
	Identificationcode	GB00BSNBL022
b)	NatureoftheTransaction	Grant of options
c)	Price(s) Volume(s)	Exercise price - 2.6 pence 2,600,000
d)	AggregatedinformationAggregatedvolumeprice	N/A - single transaction
e)	Dateofthetransaction	28 August 2020
f)	Placeofthetransaction	Outsideatradingvenue

1.	Details of the person discharging managerial responsibilities/personclosely  associated
a)	Name	Tinus Maree
2.	ReasonfortheNotification
a)	Position/status	Non-Executive Director
b)	Initial notification/amendment	Initialnotification
3.	Detailsoftheissuer,emissionallowancemarketparticipant,auctionplatform,auctioneerorauctionmonitor
a)	Name	KatoroGoldPLC
b)	LEI	213800Q9L29ZXI53T558
4.	Detailsofthetransaction(s):sectiontoberepeatedfor(i)eachtypeofinstrument;(ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactionshavebeenconducted
a)	DescriptionoftheFinancial instrument, type ofinstrument	Ordinaryshareof£0.01each
	Identificationcode	GB00BSNBL022
b)	NatureoftheTransaction	Grant of options
c)	Price(s) Volume(s)	Exercise price - 2.6 pence 2,600,000
d)	AggregatedinformationAggregatedvolumeprice	N/A - single transaction
e)	Dateofthetransaction	28 August 2020
f)	Placeofthetransaction	Outsideatradingvenue

1.	Details of the person discharging managerial responsibilities/personclosely  associated
a)	Name	Paul Dudley
2.	ReasonfortheNotification
a)	Position/status	Non-Executive Director
b)	Initial notification/amendment	Initialnotification
3.	Detailsoftheissuer,emissionallowancemarketparticipant,auctionplatform,auctioneerorauctionmonitor
a)	Name	KatoroGoldPLC
b)	LEI	213800Q9L29ZXI53T558
4.	Detailsofthetransaction(s):sectiontoberepeatedfor(i)eachtypeofinstrument;(ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactionshavebeenconducted
a)	DescriptionoftheFinancial instrument, type ofinstrument	Ordinaryshareof£0.01each
	Identificationcode	GB00BSNBL022
b)	NatureoftheTransaction	Grant of options
c)	Price(s) Volume(s)	Exercise price - 2.6 pence 2,600,000
d)	AggregatedinformationAggregatedvolumeprice	N/A - single transaction
e)	Dateofthetransaction	28 August 2020
f)	Placeofthetransaction	Outsideatradingvenue

1.	Details of the person discharging managerial responsibilities/personclosely  associated
a)	Name	Louis Scheepers
2.	ReasonfortheNotification
a)	Position/status	Non-Executive Director
b)	Initial notification/amendment	Initialnotification
3.	Detailsoftheissuer,emissionallowancemarketparticipant,auctionplatform,auctioneerorauctionmonitor
a)	Name	KatoroGoldPLC
b)	LEI	213800Q9L29ZXI53T558
4.	Detailsofthetransaction(s):sectiontoberepeatedfor(i)eachtypeofinstrument;(ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactionshavebeenconducted
a)	DescriptionoftheFinancial instrument, type ofinstrument	Ordinaryshareof£0.01each
	Identificationcode	GB00BSNBL022
b)	NatureoftheTransaction	Grant of options
c)	Price(s) Volume(s)	Exercise price - 2.6 pence 3,100,000
d)	AggregatedinformationAggregatedvolumeprice	N/A - single transaction
e)	Dateofthetransaction	28 August 2020
f)	Placeofthetransaction	Outsideatradingvenue

1.	Details of the person discharging managerial responsibilities/personclosely  associated
a)	Name	Pieter Krugel
2.	ReasonfortheNotification
a)	Position/status	Financial Controller
b)	Initial notification/amendment	Initialnotification
3.	Detailsoftheissuer,emissionallowancemarketparticipant,auctionplatform,auctioneerorauctionmonitor
a)	Name	KatoroGoldPLC
b)	LEI	213800Q9L29ZXI53T558

4.	Detailsofthetransaction(s):sectiontoberepeatedfor(i)eachtypeofinstrument;(ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactionshavebeenconducted
a)	DescriptionoftheFinancial instrument, type ofinstrument	Ordinaryshareof£0.01each
	Identificationcode	GB00BSNBL022
b)	NatureoftheTransaction	Grant of options
c)	Price(s) Volume(s)	Exercise price - 2.6 pence 3,100,000
d)	AggregatedinformationAggregatedvolumeprice	N/A - single transaction
e)	Dateofthetransaction	28 August 2020
f)	Placeofthetransaction	Outsideatradingvenue

**ENDS**

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014.

For further information please visit  www.katorogold.com  or contact:

Louis Coetzee	[e-mail]	Katoro Gold plc	Executive Chairman
Bhavesh Patel Andrew Thomson	[phone]	RFC Ambrian Limited	Nominated Advisor
Nick Emmerson Sam Lomanto	[phone]	SI Capital Ltd	Broker
Isabel de Salis Beth Melluish	[phone]	St Brides Partners Ltd	Investor and Media Relations Adviser

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END

 

 

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