Caerus Mineral Resources PLC Grant of Options (6780H)
November 25 2022 - 10:08AM
UK Regulatory
TIDMCMRS
RNS Number : 6780H
Caerus Mineral Resources PLC
25 November 2022
25 November 2022
Caerus Mineral Resources PLC
('Caerus' or the 'Company')
Grant of Options
Caerus Mineral Resources PLC (LON:CMRS), the exploration and
resource development company focused on developing mineral
resources to support the global 'Clean Energy' initiative,
announces the grant of options over a total of 4,400,000 ordinary
shares of 1 pence each in the capital of the Company ("Ordinary
Shares") with an exercise price of 7.5 pence per Ordinary Share
("Options").
The Options will vest in three instalments and will have an
exercise period of five years. The first tranche will vest when the
closing mid-market share price reaches 7.5 pence or above for three
consecutive trading days. The second tranche will vest when the
share price reaches 12.5 pence. The third tranche will vest when
the share price reaches 17.5 pence.
The board approved the issuance of these share option grants to
incentivise and retain the directors, who are considered key to
enhancing the future market value of the Company and notes the
premium of the exercise price relative to the current share
price.
The option exercise price represents approximately a 36% premium
to the closing share price on 24 November 2022.
The information set out below is provided in accordance with the
requirements of Regulation 19(3) of the EU Market Abuse Regulation
No 596/2014:
PDMR Notification
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name 1. Christopher Lambert
2. Charles Oliver Long
3. Russell Thomson
4. Dominic Traynor
----------------------------------- ------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------
a) Position/status 1. Executive Chairman
2. Chief Executive Officer
3. Non-Executive Director
4. Non-Executive Director
--------------------------------- ------------------------------------
b) Initial notification /Amendment Initial notification
--------------------------------- ------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Caerus Mineral Resources plc
--------------------------------- ------------------------------------
b) LEI 8945007F59CSJFZGR252
--------------------------------- ------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Options of 7.5 pence each
instrument, type of instrument
Identification code ISIN: GB00BMDQ4L78
--------------------------------- ------------------------------------
b) Nature of the transaction Grant of Options of 7.5 pence
each
--------------------------------- ------------------------------------
c) Price(s)and volume(s) Price(s) Volume(s)
1. 7.5 pence 2,000,000
--------- ---------
2. 7.5 pence 1,500,000
--------- ---------
3. 7.5 pence 4 50,000
--------- ---------
4. 7.5 pence 4 50,000
--------- ---------
--------------------------------- ------------------------------------
d) Aggregated information
Aggregated volume 4,400,000
Price 7.5 pence
--------------------------------- ------------------------------------
e) Date of the transaction(s) 25 November 2022
--------------------------------- ------------------------------------
f) Place of the transaction Off-market transaction
--------------------------------- ------------------------------------
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END
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