Empire Metals Limited Grant of Options and Director Shareholding (7318I)
April 20 2022 - 4:00AM
UK Regulatory
TIDMEEE
RNS Number : 7318I
Empire Metals Limited
20 April 2022
Empire Metals Limited / LON : EEE / Sector: Natural
Resources
20 April 2022
Empire Metals Limited ('Empire' or the 'Company')
Grant of Options and Director Shareholding
Empire Metals Limited, announces that the Remuneration Committee
has agreed to issue options over a total of 7,500,000 ordinary
shares of no par value in the capital of the Company ('Share
Options') to the Managing Director of the Company. The Share
Options will vest immediately and will expire on 20 April 2026. The
exercise price of the options will be as follows:
Exercise price (GBP) 0.025 0 .035 0.05
Number of options
granted 2,500,000 2 ,500,000 2,500,000
--------------------- ---------------------- ---------------------
The Share Options represent in aggregate 2.2% of the existing
issued ordinary share capital of the Company and have been issued
to the Managing Director of the Company in line with the Company's
ongoing incentive plans. Following the grant of the Share Options,
in aggregate there will be 27,500,000 ordinary shares of no par
value of the Company under option to directors of the Company,
representing 8.03% of the existing issued ordinary share capital of
the Company.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
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/person
closely associated
a) Name: Shaun Bunn
----------------------------------------- ------------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------------------
a) Position/status: Managing Director
----------------------------------------- ------------------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- ------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name: Empire Metals Limited
----------------------------------------- ------------------------------------------
b) LEI: 2138002IOR7OCZZPB279
----------------------------------------- ------------------------------------------
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, Share options over ordinary
type of instrument: shares of no par value
Identification code: VGG9688A1003
----------------------------------------- ------------------------------------------
b) Nature of the transaction: Grant of options over
ordinary shares
----------------------------------------- ------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
1. 2.5 pence 2,500,000
2. 3.5 pence 2,500,000
3. 5.0 pence 2,500,000
----------- -----------
----------------------------------------- ------------------------------------------
d) Aggregated information: Single transactions
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: 2.5 pence 2,500,000
----------- ----------
Aggregated volume:
Price: Price(s) Volume(s)
3.5 pence 2,500,000
Aggregated volume: ----------- ----------
Price:
Price(s) Volume(s)
5.0 pence 2,500,000
----------- ----------
----------------------------------------- ------------------------------------------
e) Date of the transaction: 2022-04-20
08:00 hrs UTC
----------------------------------------- ------------------------------------------
f) Place of the transaction: Outside a trading venue
----------------------------------------- ------------------------------------------
**ENDS**
For further information please visit www.empiremetals.co.uk or
contact:
Empire Metals Ltd Tel: 020 7907 9327
Shaun Bunn / Greg Kuenzel
S. P. Angel Corporate Finance Tel: 020 3470 0470
LLP (Nomad & Broker)
Ewan Leggat / Adam Cowl
-------------------
Shard Capital Partners LLP (Joint Tel: 020 7186 9950
Broker)
Damon Heath
-------------------
St Brides Partners Ltd (Financial Tel: 020 7236 1177
PR)
Susie Geliher / Ana Ribeiro
/ Selina Lovell
-------------------
About Empire Metals Limited
Empire Metals is an AIM-listed (LON: EEE) exploration and
resource development company with a project portfolio comprising
gold interests in Australia and Austria.
The Company's strategy is to develop a pipeline of projects at
different stages in the development curve. Its initial focus has
been on the high-grade Eclipse and Gindalbie Gold Projects in
Western Australia, with the goal to expand through the addition of
further projects Australia-wide to develop a viable and compelling
portfolio of precious and base metal assets.
Empire also holds a portfolio of three precious metals projects
located an historically high-grade gold production region
comprising the Rotgulden, Schonberg and Walchen prospects in
central-southern Austria.
The Board continues to evaluate opportunities through which to
realise the value of its wider portfolio and reviews further assets
which meet the Company's investment criteria.
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END
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