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Arkle Resources PLC - Grant of Options

RNS Number : 3872N
Arkle Resources PLC
19 May 2020
 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

19 May 2020

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Grant of Options

 

Arkle Resources PLC (LON: ARK), the Irish gold and zinc exploration and development company, is pleased to announce that the following long-term, incentive options have today been granted over 9,000,000 ordinary shares of €0.0025 in the Company ("the Options").  The Options vest immediately, have an exercise price of 0.95 pence and an expiry date of 18 May 2027.  The Options will be distributed between the Directors as follows:

 

Director

Number of Share Options granted

John Teeling, Non-Executive Chairman

2,000,000

Patrick Cullen, CEO

3,000,000

David Cockbill, Non-Executive Director

2,000,000

James Finn, Financial Director and Company Secretary

2,000,000

 

Following this grant of options, the directors and a consultant to the Company hold a total of 11,800,000 long-term, incentive options, representing approximately 5.5% of the Company's issued share capital, as enlarged by the placing announced on 18 May 2020.

 

 

ENDS

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:

1.     

a)

Name:

1.    John Teeling

2.    Patrick Cullen

3.    David Cockbill

4.    James Finn

2.     

a)

Position/status:

1.    Non-Executive Chairman

2.    CEO

3.    Non-Executive Director

4.    Financial Director and Company Secretary

b)

Initial notification/Amendment:

Initial notification

3.     

a)

Name:

Arkle Resources PLC

b)

LEI:

 

213800CTOO8MOLMNEQ44

4.     

a)

Description of the financial instrument, type of instrument:

 

Identification code:

 

Ordinary shares of €0.0025 each

 

 E00B2357X72

b)

Nature of the transaction:

Grant of options over ordinary shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

1.    0.95p

2.    0.95p

3.    0.95p

4.    0.95p

2,000,000

3,000,000

2,000,000

2,000,000



 

d)

Aggregated information:

Aggregated volume:

Price:

Single transactions as in 4 c) above

Price(s)

Volume(s)

0.95 pence

9,000,000



 

e)

Date of the transaction:

2020-05-19

f)

Place of the transaction:

Outside a trading venue

 

 

 

 

 

 

Enquiries:

 

Arkle Resources PLC


John Teeling, Chairman

+353 (0) 1 833 2833

Patrick Cullen, CEO

+353 (0) 87 272 1748


+44 (0) 755 237 8208





SP Angel Corporate Finance LLP


Matthew Johnson/Soltan Tagiev

+44 (0) 203 470 0470





First Equity Limited


Jason Robertson

+44 (0) 207 374 2212



Blytheweigh

+44 (0) 207 138 3204

Megan Ray




Teneo

 

Luke Hogg

+353 (0) 1 661 4055

Alan Tyrrell

+353 (0) 1 661 4055

 

 


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 [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Arkle Resources PLC

Price: 0.825

Market: AIM
Market Cap: £1.78 m
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