Grant of Options

RNS Number : 5401Q

Rockfire Resources PLC

26 February 2021

 

26 February 2021

Rockfire Resources plc

("Rockfire" or the "Company")

Grant of Options to Directors/PDMRs

Rockfire Resources plc (LON: ROCK), the gold and base metal exploration company announces that it has today granted a total of 36,000,000 options to subscribe for ordinary shares in the Company ("Options") to certain directors and employees of the Company as set out below:

Name	Position	No. of Options granted	Total Number of Options held following the grant
Gordon Hart	Chairman	10,000,000	10,000,000
David Price	Chief Executive Officer	10,000,000	10,000,000
Edward Fry	Exploration Manager (PDMR)	10,000,000	10,000,000
Graeme Hogan	Company Secretary	6,000,000	6,000,000

All of the 36,000,000 Options are exercisable for a period of three years from the date of the grant and have an exercise price of 2.1p, being a premium of 110% per cent. to the closing mid-market share price on 25 February 2021, the day prior to this announcement. The Options are being granted pursuant to the terms of the service agreements between each director or employee and the Company.

Following the above grant of the Options, the Company has a total of 60,000,000 options to subscribe for new ordinary shares in the Company outstanding, which represents 7.2 per cent. of the Company's issued share capital.

The FCA notifications in respect of the above, made in accordance with the requirements of the UK Market Abuse Regulation, are appended below.

For further information on the Company, please visit  www.rockfireresources.com  or contact the following: 

Rockfire Resources plc:	[e-mail]
David Price, Chief Executive Officer
Allenby Capital Limited (Nominated Adviser & Broker)	Tel: [phone]
John Depasquale / Asha Chotai (Corporate Finance) Matt Butlin / Guy McDougall (Equity Sales)
Yellow Jersey	[e-mail]
Sarah Hollins / Henry Wilkinson	Tel: [phone]

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 ("PDMR") / person closely associated
a)	Name	Gordon Hart (Chairman) David Price (Chief Executive Officer) Edward Fry (Exploration Manager - PDMR)
2	Reason for the notification
a)	Position/status	See 1 a) above
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rockfire Resources plc
b)	LEI	213800THSZQSFKTXOI24
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 to subscribe for Ordinary Shares of 0.1p Identification code (ISIN) for ordinary shares: GB00B42TN250
b)	Nature of the transaction	Grant of options to subscribe for ordinary shares
c)	Price(s) and volume(s)	Director/PDMR  Price(s) Volume(s) Gordon Hart Exercisable at 2.1p per share 10,000,000 David Price Exercisable at 2.1p per share 10,000,000 Edward Fry Exercisable at 2.1p per share 10,000,000
d)	Aggregated information - Aggregated volume - Price	Price(s) Volume(s) Exercisable at 2.1p 30,000,000
e)	Date of the transaction	26 February 2021
f)	Place of the transaction	Outside a trading venue

 

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