Critical Mineral Resources PLC PDMR Dealing
July 22 2024 - 2:00AM
RNS Regulatory News
RNS Number : 1649X
Critical Mineral Resources PLC
22 July 2024
22 July 2024
Critical
Mineral Resources PLC
('CMR' or
the 'Company')
PDMR
Dealing
Further to an announcement on 17
July 2024, Critical Mineral Resources PLC the exploration
and resource development company focused on developing critical
minerals resources in Morocco, announces the issue of ordinary
shares of 1 pence each in the capital of the Company
("Ordinary Shares") at par to eligible employees under the
CMR Equity Incentive Scheme.
Application is being made
for 7,345,350 Ordinary
Shares to be admitted to trading on the Main
Market of the London Stock Exchange which is expected to occur at 8.00
a.m. on or around (Thursday 25 July
2024). The Ordinary Shares will rank
pari passu in all respects with the existing Ordinary
Shares of the Company.
The shares are subject to forfeiture
conditions as follows. The shares granted to each eligible
employee will be divided by three - referred to as the first,
second and third tranches. The first tranche will be released from
forfeiture obligations if after 12 months the share price is 2.5p
or higher, the second tranche will be released from forfeiture
obligations if, after 24 months the share price is 3.5p or higher,
and the third tranche will be released from forfeiture obligations
if after 36 months the share price is 5.0p or higher.
Following Admission, the Company's
enlarged issued share capital will be 80,798,859. The Company holds 2,666,666 ordinary shares
in treasury and is not permitted to exercise voting rights attached
to these shares. Therefore, Total Voting Rights
(TVR) calculation should be based on the figure of 78,132,193. 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 Guidance and Transparency Rules.
Director Participation
The Directors of the Company form
part of the eligible employees under the CMR Equity Incentive
Scheme. Details of the issue to the Directors are as
follows:
|
Name
|
Existing Shareholding
|
%
|
Number of equity incentive
shares
|
Shareholdings on Admission
|
Percentage of issued share capital on
Admission
|
Percentage of TVR on
Admission
|
|
Charles Long
|
-
|
-
|
2,203,605
|
2,203,605
|
2.73%
|
2.82%
|
|
Dominic Traynor
|
650,000
|
0.88%
|
2,203,605
|
2,853,605
|
3.53%
|
3.65%
|
|
Noureddine Sabraoui
|
-
|
-
|
2,203,605
|
2,203,605
|
2.73%
|
2.82%
|
|
Russell Thomson
|
6,000,000
|
8.17%
|
734,535
|
6,734,535
|
8.33%
|
8.62%
|
Notification and public
disclosure of transaction by person discharging managerial
responsibilities
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a.
|
Name
|
|
1) Charles
Long
2) Dominic
Traynor
3) Noureddine
Sabraoui
4) Russell
Thomson
|
|
2
|
Reason for notification
|
|
|
|
a.
|
Position/Status
|
|
1)
Director
2)
Director
3)
Director
4)
Director
|
|
b.
|
Initial notification/
Amendment
|
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
|
Critical Mineral Resources
PLC
|
|
b.
|
LEI
|
|
8945007F59CSJFZGR252
|
|
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
Identification Code
|
|
Ordinary shares of £0.01
ISIN Code: GB00BMDQ4L78
|
|
b.
|
Nature of the transaction
|
|
participation in subscription and
shares issued in lieu of salary or fees
|
|
c.
|
Price(s) and volume(s)
|
|
|
Price
|
Volume
|
|
1) £nil
|
2,203,625
|
|
2) £nil
|
2,203,625
|
|
3) £ni
|
2,203,625
|
|
4) £nil
|
734,535
|
|
|
d.
|
Aggregated information
- Aggregated Volume
- Price
|
|
7,345,350 Shares
£nil
|
|
e.
|
Date of the transaction
|
|
19 July 2024
|
|
f.
|
Place of the transaction
|
|
London Stock Exchange
|
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
DSHGPUBAMUPCGAB
Critical Mineral Resources (LSE:CMRS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Critical Mineral Resources (LSE:CMRS)
Historical Stock Chart
From Jul 2023 to Jul 2024
