Rockfire Resources PLC Grant of Options (5401Q)
February 26 2021 - 7:09AM
UK Regulatory
TIDMROCK
RNS Number : 5401Q
Rockfire Resources PLC
26 February 2021
26 February 2021
Rockfire Resources plc
("Rockfire" or the "Company")
Grant of Options to Directors/PDMRs
Rockfire Resources plc (LON: ROCK), the gold and base metal
exploration company announces that it has today granted a total of
36,000,000 options to subscribe for ordinary shares in the Company
("Options") to certain directors and employees of the Company as
set out below:
Name Position No. of Options Total Number of
granted Options held following
the grant
Gordon Hart Chairman 10,000,000 10,000,000
David Price Chief Executive Officer 10,000,000 10,000,000
Exploration Manager
Edward Fry (PDMR) 10,000,000 10,000,000
Graeme Hogan Company Secretary 6,000,000 6,000,000
All of the 36,000,000 Options are exercisable for a period of
three years from the date of the grant and have an exercise price
of 2.1p, being a premium of 110% per cent. to the closing
mid-market share price on 25 February 2021, the day prior to this
announcement. The Options are being granted pursuant to the terms
of the service agreements between each director or employee and the
Company.
Following the above grant of the Options, the Company has a
total of 60,000,000 options to subscribe for new ordinary shares in
the Company outstanding, which represents 7.2 per cent. of the
Company's issued share capital.
The FCA notifications in respect of the above, made in
accordance with the requirements of the UK Market Abuse Regulation,
are appended below.
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 Tel: +44 (0) 20 3328 5656
Adviser & Broker)
John Depasquale / Asha Chotai (Corporate
Finance)
Matt Butlin / Guy McDougall (Equity
Sales)
Yellow Jersey rockfire@yellowjerseypr.com
Sarah Hollins / Henry Wilkinson 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
("PDMR") / person closely associated
a) Name Gordon Hart (Chairman)
David Price (Chief Executive Officer)
Edward Fry (Exploration Manager - PDMR)
----------------------- ----------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status See 1 a) above
----------------------- ----------------------------------------------------
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 Options to subscribe for Ordinary Shares of
of the financial 0.1p
instrument,
type of instrument Identification code (ISIN) for ordinary shares:
Identification GB00B42TN250
code
----------------------- ----------------------------------------------------
b) Nature of the Grant of options to subscribe for ordinary
transaction shares
----------------------- ----------------------------------------------------
c) Price(s) and Director/PDMR Price(s) Volume(s)
volume(s) Exercisable at 2.1p
Gordon Hart per share 10,000,000
--------------------- -----------
Exercisable at 2.1p
David Price per share 10,000,000
--------------------- -----------
Exercisable at 2.1p
Edward Fry per share 10,000,000
--------------------- -----------
----------------------- ----------------------------------------------------
d) Aggregated information Price(s) Volume(s)
- Aggregated Exercisable
volume at 2.1p 30,000,000
- Price -----------
----------------------- ----------------------------------------------------
e) Date of the 26 February 2021
transaction
----------------------- ----------------------------------------------------
f) Place of the Outside a trading venue
transaction
----------------------- ----------------------------------------------------
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END
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