10 March
2021
ALTONA RARE EARTHS
PLC
(“Altona” or “the Company”)
GRANT OF
OPTIONS
Altona (AQSE: ANR.PL), a mining exploration company with a focus
on Rare Earth Elements (“REE”) mining projects in Africa, announces it has granted 1.1 million
share options under the Company’s existing share option scheme,
created on 1 April 2016.
The Options have an exercise price of 12p per Ordinary
Share, in-line with the recent warrants issue. The Options vest and
are exercisable immediately from the date of grant and expire in
three years from the date of grant. The Options granted
represent approximately 6.7% per cent of the Company's issued share
capital, following the issuance of all the Placing Shares in
respect of the Placing which closed on 30
January 2021, and as enlarged by the exercise of the
Options. The Options have been granted in the amounts set out
below:
| Director |
Position Held |
Number of Options Issued |
| Christian Taylor-Wilkinson |
Chief Executive |
450,000 |
| Martin Wood |
Non-Executive Chairman |
250,000 |
| Cedric Simonet |
Non-Executive Director |
100,000 |
| Audrey Mothupi |
Non-Executive Director |
100,000 |
| Simon Tucker |
Non-Executive Director |
100,000 |
| Orana Corporate LLP * |
Company Secretary |
100,000 |
* Entity connected with Company Secretary – Anthony Eastman
As at 9 March, the Company has 14,413,040 shares in issue, with
a further 884,621 to be issued within the next 30 days upon receipt
of final funds from the January Placing; taking the total shares in
issue to 15,297,661.
-ends-
For further information, please visit www.altonaenergy.com or
contact:
Altona Rare Earths Plc
Christian Taylor-Wilkinson, Chief
Executive
+44 (0) 7795 168 157
Martin Wood, Non-Executive
Chairman
+44 (0) 7880 787 080
Alfred Henry Corporate Finance Ltd (AQSE Corporate
Adviser )
Jon Isaacs / Nick
Michaels
+44 (0) 20 3772 0021
Company Information
Altona Rare Earths is a mining exploration company focused on
the evaluation, rapid development and extraction of Rare Earth
Element (REE) metals in Africa.
The Company was admitted to trading on AIM on 10 March 2005 and was subsequently admitted to
Aquis Stock Exchange on 1 February 2019. A copy of its
Admission documents dated 4 March
2005 can be accessed on its website,
www.altonaenergy.com. This website is where items can be
inspected under Rule 75 of the Aquis Rules for Issuers.