TIDMCRCL
RNS Number : 1051D
Corcel PLC
28 February 2022
Corcel PLC
("Corcel" or the "Company")
Options Award and Directors Dealings
28 February 2022
Corcel, the natural resource exploration and development company
with interests in battery metals and flexible energy generation and
storage, announces an award of options.
Options Award and Director's Dealings
The Company announces the grant of 20,606,278 five-year options
to Directors and key staff, 8,447,197 of which fall under the
Company's existing Enterprise Management Scheme. Each option
entitles the holder upon exercise to one ordinary share of
GBP0.0001 in the capital of the Company at a strike price of
GBP0.017 (a 26% premium to the most recent closing price of 25
February 2022). The options have a three-year vesting period with
the vesting further contingent on the award of a mining lease at
the Company's Mambare nickel-cobalt project in Papua New Guinea.
Pursuant to the recommendation of the Remuneration Committee, the
Board has awarded the following options.
Award Strike Price Expiry Date
James Parsons 6,547,197 GBP 0.017 28-Feb-2027
Scott Kaintz 6,547,197 GBP 0.017 28-Feb-2027
Ewen Ainsworth 2,805,942 GBP 0.017 28-Feb-2027
Henry Bellingham 2,805,942 GBP 0.017 28-Feb-2027
Other Personnel 1,900,000 GBP 0.017 28-Feb-2027
Following the grant of options, the resultant Directors'
shareholdings are as follows:
Directors Ordinary Shares Total Shares % of Issued Warrants Options
Share Capital
Direct Indirect
---------- ---------- ------------- --------------- ---------- ----------
James Parsons 3,089,773 2,143,100 5,232,873 1.31% 2,381,250 9,587,764
---------- ---------- ------------- --------------- ---------- ----------
Scott Kaintz 2,570,944 1,754,275 4,325,219 1.08% 2,185,417 9,711,964
---------- ---------- ------------- --------------- ---------- ----------
Henry Bellingham 0 0 0 0.00% 0 2,805,942
---------- ---------- ------------- --------------- ---------- ----------
Ewen Ainsworth 2,253,429 0 2,253,429 0.56% 1,281,250 2,805,942
---------- ---------- ------------- --------------- ---------- ----------
Scott Kaintz 020 7747 9960 Corcel Plc CEO
James Joyce / Andrew de Andrade 0207 220 1666 WH Ireland Ltd NOMAD & Broker
Simon Woods 0207 3900 230 Vigo Consulting IR
This announcement contains inside information for the purposes
of Article 7 of Regulation 2014/596/EU, which is part of domestic
UK law pursuant to the Market Abuse (Amendment) (EU Exit)
regulations (SI 2019/310) and is disclosed in accordance with the
Company's obligations under Article 17.
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 James Parsons
------------------------------------------------- ---------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------
a) Position/status
PDMR (Executive Chairman)
------------------------------------------------- ---------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------------------- ---------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name Corcel plc
-------------------------------------------------- -------------------------------
b) LEI 2138009ECXQQ3EGKVY57
-------------------------------------------------- -------------------------------
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 Ordinary shares of GBP0.0001
instrument, type of instrument each
-------------------------------------------------- -------------------------------
Identification code GB00BKM69866
-------------------------------------------------- -------------------------------
b) Nature of the transaction Award of options
-------------------------------------------------- -------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
-------------------------------------------------- ------------ -----------------
GBP0.017 6,547,197
------------------------------------------------------ ------------ -----------------
d) Aggregated information 6,547,197
-------------------------------------------------- -------------------------------
Aggregated volume N/A
-------------------------------------------------- -------------------------------
Price GBP0.017
-------------------------------------------------- -------------------------------
e) Date of the transaction 28 February 2022
-------------------------------------------------- -------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------- -------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Scott Kaintz
------------------------------------------------- ---------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------
a) Position/status
PDMR (CEO)
------------------------------------------------- ---------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------------------- ---------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name Corcel plc
-------------------------------------------------- -------------------------------
b) LEI 2138009ECXQQ3EGKVY57
-------------------------------------------------- -------------------------------
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 Ordinary shares of GBP0.0001
instrument, type of instrument each
-------------------------------------------------- -------------------------------
Identification code GB00BKM69866
-------------------------------------------------- -------------------------------
b) Nature of the transaction Award of options
-------------------------------------------------- -------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
-------------------------------------------------- ------------ -----------------
GBP0.017 6,547,197
------------------------------------------------------ ------------ -----------------
d) Aggregated information 6,547,197
-------------------------------------------------- -------------------------------
Aggregated volume N/A
-------------------------------------------------- -------------------------------
Price GBP0.017
-------------------------------------------------- -------------------------------
e) Date of the transaction 28 February 2022
-------------------------------------------------- -------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------- -------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ewen Ainsworth
------------------------------------------------- ------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------
a) Position/status
PDMR (Non-Executive Director)
------------------------------------------------- ------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------------------- ------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a) Name Corcel plc
-------------------------------------------------- ----------------------------------
b) LEI 2138009ECXQQ3EGKVY57
-------------------------------------------------- ----------------------------------
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 Ordinary shares of GBP0.0001
instrument, type of instrument each
-------------------------------------------------- ----------------------------------
Identification code GB00BKM69866
-------------------------------------------------- ----------------------------------
b) Nature of the transaction Award of options
-------------------------------------------------- ----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
-------------------------------------------------- -------------- ------------------
GBP0.017 2,805,942
------------------------------------------------------ -------------- ------------------
d) Aggregated information 2,805,942
-------------------------------------------------- ----------------------------------
Aggregated volume N/A
-------------------------------------------------- ----------------------------------
Price GBP0.017
-------------------------------------------------- ----------------------------------
e) Date of the transaction 28 February 2022
-------------------------------------------------- ----------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------- ----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Henry Bellingham
------------------------------------------------- ------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------
a) Position/status
PDMR (Non-Executive Director)
------------------------------------------------- ------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------------------- ------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------
a) Name Corcel plc
-------------------------------------------------- ----------------------------------
b) LEI 2138009ECXQQ3EGKVY57
-------------------------------------------------- ----------------------------------
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 Ordinary shares of GBP0.0001
instrument, type of instrument each
-------------------------------------------------- ----------------------------------
Identification code GB00BKM69866
-------------------------------------------------- ----------------------------------
b) Nature of the transaction Award of options
-------------------------------------------------- ----------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
-------------------------------------------------- -------------- ------------------
GBP0.017 2,805,942
------------------------------------------------------ -------------- ------------------
d) Aggregated information 2,805,942
-------------------------------------------------- ----------------------------------
Aggregated volume N/A
-------------------------------------------------- ----------------------------------
Price GBP0.017
-------------------------------------------------- ----------------------------------
e) Date of the transaction 28 February 2022
-------------------------------------------------- ----------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------- ----------------------------------
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END
DSHBIGDDIBDDGDI
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February 28, 2022 13:21 ET (18:21 GMT)
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