GRANT OF OPTIONS / PDMR SHAREHOLDING

RNS Number : 1380X

Rambler Metals & Mining PLC

25 April 2019

 

25 April 2019

 RAMBLER METALS & MINING PLC

(Rambler or the Company)

Grant of options / pdmr shareholding

London, United Kingdom & Newfoundland and Labrador, Canada - Rambler Metals and Mining PLC (AIM: RMM) ('Rambler') announces on 25 April 2019 that Andre Booyzen, Chief Executive Officer, was issued 5,000,000 share options of the Company exercisable at the Fair Market value of GBP 0.013 per share, in accordance with the Company's compensation policy. Fair Market value, as defined by the plan, is the volume weighted average trading price on the LSE:AIM for the five trading days immediately prior to the date of grant. The options are exercisable for five years and will vest 100 percent after three years from the date of grant.

Andre Booyzen does not hold any ordinary shares in the Company. Following this grant, Mr. Booyzen will have share options over a total of 5,000,000 ordinary shares of the Company.

Public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities ('PDMR')/ person closely associated
a)	Name	Andre Booyzen
2	Reason for notification
a)	Position / status	PDMR / Chief Executive Officer
b)	Initial notification /Amendment	Initial notification.
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rambler Metals and Mining PLC
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 GB00B06Y3F14
b)	Nature of the transaction	Issuance of Share Options
c)	Price(s) and volumes(s)
d)	Aggregated information Aggregated volume Price	5,000,000 GBP 0.013
e)	Date of the transaction	2019-04-18
f)	Place of the transaction	Outside a trading venue

ABOUT RAMBLER METALS AND MINING

Rambler is a mining and development company that in November 2012 brought its first mine into commercial production.  Rambler has a 100 per cent ownership in the Ming Copper-Gold Mine, a fully operational base and precious metals processing facility and year round bulk storage and shipping facility; all located on the Baie Verte peninsula, Newfoundland and Labrador, Canada.

Following the completion of its recent productivity improvement initiative Rambler's focus is on sustaining mine and mill production at 1,250 metric tonnes per day.  With a return to profitability and positive cash flow, Rambler will continue advancing Phase III engineering studies with a view to further increase production to 2,000 mtpd at the Ming Mine.

Along with the Ming Mine, Rambler also owns 100 per cent of the former producing Little Deer/ Whales Back copper mines and has strategic investment in the former producing Hammerdown gold mine.

Rambler is currently listed in London under AIM:RMM.

For further information, please contact:

Andre Booyzen President and CEO Rambler Metals & Mining Plc Tel No: [phone] Fax No: [phone]	Sanjay Swarup CFO Rambler Metals & Mining Plc Tel No: [phone] Fax No: [phone]	Tim Sanford. P. Eng. Vice President and Corporate Secretary Rambler Metals & Mining Plc Tel No: [phone] Fax No: [phone]
Nominated Advisor (NOMAD)
Ewan Leggat, Caroline Rowe SP Angel Corporate Finance LLP Tel No: [phone]

Website: www.ramblermines.com 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.

 

END

 

 

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