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Red Rock Resources (RRR)

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Monday 24 August, 2020

Red Rock Resources

Performance options and directors' shareholdings

RNS Number : 8843W
Red Rock Resources plc
24 August 2020
 

Red Rock Resources Plc

 

Performance Option Award

Directors' Shareholdings

 

24 August 2020

 

Red Rock Resources Plc ("Red Rock" or the "Company"), the natural resource development Company, announces the grant of 21,000,000 performance options to directors and key staff representing in aggregate 3.01% of the existing issued share capital of the Company. Each option entitles the holder upon exercise to one ordinary share of 0.01p in the capital of the Company ("Ordinary Shares").

 

Pursuant to the recommendation of the Remuneration Committee, the board has awarded the following options:

 

 

Tranche 1

Tranche 2

Andrew Bell

5,500,000

5,500,000

Michael C Nott

1,500,000

1,500,000

Scott Kaintz

2,250,000

2,250,000

Other personnel

1,250,000

1,250,000

Vesting date:

On issue

On issue

Exercise price:

2p

2.5p

Expiry date:

19.08.2025

19.08.2025

 

The closing mid-market price on AIM as at the close of business on Wednesday, 19 August 2020 was 0.77p.

 

A pool of 6m options has been created for distribution at the Board's discretion to key consultants and advisors.

 

Following the grant of options to directors, the resultant total directors' shareholdings are as follows:

 

Directors

Ordinary Shares

Total Shares

% of Issued Share Capital

Options

 

Direct

Indirect*

 

 

 

Andrew Bell

31,238,520

11,552,617

42,791,137

6.14

28,760,000

Michael C Nott

1,471,807

11,235,652

12,707,459

1.82%

3,900,000

Scott Kaintz

2,517,807

11,552,617

14,070,424

2.02%

20,180,000

 

*these shares are being held indirectly via Red Rock Resources PLC Share Incentive Plan Trustees

 

For further information, please contact:

Andrew Bell 0207 747 9990  Chairman Red Rock Resources Plc

Scott Kaintz 0207 747 9990    Director Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited

Mark Treharne 0203 700 2500                                                    Broker Pello Capital Ltd

 

The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

1. Andrew R M Bell

2. Michael C Nott

3. Scott Kaintz

2

 

Reason for the notification

 

a)

 

Position/status

 

 

1. Chairman

2. Director

3. Director

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Red Rock Resources Plc

b)

 

LEI

 

 

213800383CFWX3U42W09

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 £0.0001 each

 

 

Identification code

ISIN: GB00BYWKBV38

 

 

b)

 

Nature of the transaction

 

 

Issue of Performance Options to buy Shares of 0.01p

c)

 

Price(s) and volume(s)

 

Name

Price(s)

Volume(s)

Andrew R M Bell

£0.02

£0.025

5,500,000

5,500,000

Michael C Nott

£0.02

£0.025

 

1,500,000

1,500,000

Scott Kaintz

£0.02

£0.025

2,250,000

2,250,000

 

 

 

 

 

d)

 

Aggregated information

NA (single transaction for each PDMR)

 

 

- Aggregated volume

NA

 

 

- Price

NA

 

 

e)

 

Date of the transaction

 

 

20 August 2020

f)

 

Place of the transaction

 

Outside a trading venue

 

 

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