Options Exercise & Extension of Share Options

RNS Number : 2537X

SigmaRoc PLC

04 January 2022

 

4 January 2022

(EPIC: SRC / Market: AIM / Sector: Construction Materials)

SIGMAROC PLC

 ('SigmaRoc' or the 'Company')

Options Exercise & Issue of Equity, Extension of Share Options and PDMR Dealing

SigmaRoc plc, the AIM quoted construction materials group (AIM: SRC), announces that it has received notification from option holders to exercise options over 330,594 new ordinary shares of 1 penny each in the share capital of the Company (the 'New Ordinary Shares') at a price of 25 pence per share for 26,014 New Ordinary Shares and 40 pence per share for 304,580 New Ordinary Shares. Accordingly, the Company has today issued the New Ordinary Shares to the option holders for an aggregate consideration of £128,335.50.

Application has been made for the New Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange plc ('Admission'). Admission is expected to occur at 8.00 a.m. on or around 7 January 2022.

Furthermore, the Remuneration Committee of the Board has resolved to extend the expiry date of certain previously granted options to 30 December 2026 (the 'Extension') as set out in the table below:

Option Holder	Number of Options	Exercise Price	Previous Expiry Date	New Expiry Date
D avid Barrett	52,029	0.2500	05/01/2022	30/12/2026
M ax Vermorken	104,059	0.2500	05/01/2022	30/12/2026
G arth Palmer	26,014	0.2500	05/01/2022	30/12/2026
Charles Trigg	78,044	0.2500	05/01/2022	30/12/2026
D avid Barrett	2,597,688	0.4000	05/01/2022	30/12/2026
M ax Vermorken	5,804,537	0.4000	05/01/2022	30/12/2026
G arth Palmer	462,122	0.4000	05/01/2022	30/12/2026
Charles Trigg	3,014,298	0.4000	05/01/2022	30/12/2026

Related Party Opinion  

The Extension is considered a related party transaction for the purposes of the AIM Rules. The independent directors (being Simon Chisholm, Tim Hall and Jacques Emsens), having consulted with Strand Hanson Limited, the Company's Nominated Adviser, consider the terms of the Extension to be fair and reasonable insofar as the Company's shareholders are concerned.

Total Voting Rights

Following the issue of the New Ordinary Shares, the total issued share capital of the Company will consist of 638,246,344 ordinary shares of 1 penny each ('Ordinary Shares') with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 638,246,344 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Market Abuse Regulation (MAR) Disclosure

This announcement is made in accordance with the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).

PDMR Notification Forms :

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Barrett
2.	Reason for the Notification
a)	Position/status	Executive Chairman
b)	Initial notification/amendment	Amendment
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	SigmaRoc plc
b)	LEI	213800Q3CJUERBGD1E44
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	Ordinary Shares of 1 penny each
	Identification code	GB00BYX5K988
b)	Nature of the Transaction	Extension of expiry date of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 25 pence 40 pence 52,029 2,597,688
d)	Aggregated information Aggregated volume Price	Single transaction as in 4 c) above Price(s) Volume(s) 25 pence 40 pence 52,029 2,597,688
e)	Date of the transaction	4 January 2022
f)	Place of the transaction	Outside of a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Max Vermorken
2.	Reason for the Notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/amendment	Amendment
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	SigmaRoc plc
b)	LEI	213800Q3CJUERBGD1E44
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	Ordinary Shares of 1 penny each
	Identification code	GB00BYX5K988
b)	Nature of the Transaction	Extension of expiry date of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 25 pence 40 pence 104,059 5,804,537
d)	Aggregated information Aggregated volume Price	Single transaction as in 4 c) above Price(s) Volume(s) 25 pence 40 pence 104,059 5,804,537
e)	Date of the transaction	4 January 2022
f)	Place of the transaction	Outside of a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Charles Trigg
2.	Reason for the Notification
a)	Position/status	Chief Technical Officer
b)	Initial notification/amendment	Amendment
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	SigmaRoc plc
b)	LEI	213800Q3CJUERBGD1E44
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	Ordinary Shares of 1 penny each
	Identification code	GB00BYX5K988
b)	Nature of the Transaction	Extension of expiry date of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 25 pence 40 pence 78,044 3,014,298
d)	Aggregated information Aggregated volume Price	Single transaction as in 4 c) above Price(s) Volume(s) 25 pence 40 pence 78,044 3,014,298
e)	Date of the transaction	4 January 2022
f)	Place of the transaction	Outside of a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Garth Palmer
2.	Reason for the Notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/amendment	Amendment
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	SigmaRoc plc
b)	LEI	213800Q3CJUERBGD1E44
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	Ordinary Shares of 1 penny each
	Identification code	GB00BYX5K988
b)	Nature of the Transaction	Extension of expiry date of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 25 pence 40 pence 26,014 462,122
d)	Aggregated information Aggregated volume Price	Single transaction as in 4 c) above Price(s) Volume(s) 25 pence 40 pence 26,014 462,122
e)	Date of the transaction	4 January 2022
f)	Place of the transaction	Outside of a trading venue

Information on the Company is available on the its website, www.sigmaroc.com .

SigmaRoc plc Max Vermorken	Tel: [phone]
Strand Hanson Limited (Nominated and Financial Adviser) James Spinney / James Dance / Rob Patrick	Tel: [phone]
Liberum Capital (Co-Broker) Neil Patel / Jamie Richards / William Hall	Tel: [phone]
Peel Hunt (Co-Broker) Mike Bell / Ed Allsopp	Tel: [phone]
Investor Relations Dean Masefield / Florian Werner	Tel: [phone] [e-mail]

 

END

 

 

IOEUPURWGUPPPPW