Rockfire Resources PLC Issue of Fee Shares & Director/PDMR Shareholding (7824B)
October 12 2020 - 5:43AM
UK Regulatory
TIDMROCK
RNS Number : 7824B
Rockfire Resources PLC
12 October 2020
12 October 2020
Rockfire Resources plc
("Rockfire" or the "Company")
Issue of Fee Shares
Director/PDMR Shareholding
Rockfire Resources plc (AIM: ROCK), the gold and base-metal
explorer, announces that 685,714 new ordinary shares in the Company
(the "Fee Shares") have been issued to Patrick Elliott for his
services as Non-Executive Director of the Company for the period 01
July 2020 to 30 September 2020, in lieu of director fees.
The Fee Shares are being issued in accordance with the service
agreement between Patrick Elliott and the Company, whereby he
agreed to accept his annual remuneration as new ordinary shares in
the Company. Under the terms of his service agreement, the shares
become due at the end of each quarter and will be allotted by the
Board on an ad-hoc basis. The volume weighted average issue price
is 0.875 pence per share, calculated using the closing mid-market
price per share on the final trading day of the quarter.
Application has been made for the admission of the Fee Shares to
trading on AIM ("Admission"). It is anticipated that Admission will
become effective at 8.00 a.m. on 16 October 2020.
On Admission, Patrick Elliott will have an interest in 8,848,490
Shares, representing approximately 1.06 per cent. of the issued
share capital of the Company, as enlarged by the Fee Shares. The
FCA notification, made in accordance with the requirements of the
EU Market Abuse Regulation, is appended below.
Total Voting Rights
Following Admission, the total number of ordinary shares and
voting rights in the Company will be 832,415,592 . The Company does
not hold any shares in treasury. From Admission, the above figure
may be used by shareholders as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company pursuant to the FCA's Disclosure Guidance and
Transparency Rules.
For further information on the Company, please visit
www.rockfireresources.com or contact the following:
Rockfire Resources plc info@rockfireresources.com
David Price, Chief Executive Officer
Allenby Capital Limited (Nominated Adviser and Broker) Tel: +44 (0) 20 3328
5656
Corporate Finance: John Depasquale / Asha Chotai
Equity Sales: Matt Butlin / Guy McDougall
Yellow Jersey rockfire@yellowjerseypr.com
Sarah Hollins / Henry Wilkinson / Faye Calow Tel: +44 (0) 20 3004
9512
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 Patrick Elliott
------------------------ ------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Non-Executive Director
------------------------ ------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------ ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Rockfire Resources plc
------------------------ ------------------------------------------
b) LEI 213800THSZQSFKTXOI24
------------------------ ------------------------------------------
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 Ordinary Shares of 0.1p each
the financial
instrument, type Identification code (ISIN) for Rockfire
of instrument Resources plc ordinary shares:
Identification GB00B42TN250
code
------------------------ ------------------------------------------
b) Nature of the Issue of ordinary shares in consideration
transaction of payment of director fees
------------------------ ------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 0.875p 685,714
----------
------------------------ ------------------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
------------------------ ------------------------------------------
e) Date of the transaction 12 October 2020
------------------------ ------------------------------------------
f) Place of the Outside a trading venue
transaction
------------------------ ------------------------------------------
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END
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