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Issue of Equity & Options and Directors Holdings

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RNS Number : 1826G
Eurasia Mining PLC
02 November 2018
 

Eurasia Mining plc ("Eurasia" or "the Company"),

 

Issue of Equity and Options and Directors Holdings

 

Eurasia Mining plc ("Eurasia" or "the Company"), the PGM and gold producing company, announces that it has today issued 19,789,466 ordinary shares of 0.1 pence at 0.42 pence per share, being the closing price on 31 October 2018 (the "New Shares") in settlement of invoices for various services including accrued directors fees.

 

Of the New Shares:

 

(i) 5,060,000 ordinary shares are being issued to Executive Chairman Christian Schaffalitzky, in lieu of accrued directors fees, bringing his total holding to 81,069,517 or 3.43 % of issued share capital;

(ii) 1,785,714 ordinary shares are being issued to Non-Executive Director Gary Fitzgerald, in lieu of accrued directors fees, bringing his total holding to 22,791,361 or 0.99% of issued share capital;

(iii) 8,658,038 ordinary shares are being issued to Non-Executive Director Dmitry Suschov, in lieu of accrued consulting and director's fees, bringing his total holding, including shares held in a company in which he owns and controls, to 455,727,496 or 19.27% of issued share capital ; and

(iv) A further 4,285,714 shares are issued at 0.42 pence to consultants in lieu of accrued fees.

  

Accordingly, the Company has today issued a total of 19,789,466 New Shares, Admission has been made to admit the New Shares to trading on AIM and dealings in the New Shares are expected to commence on the 8 November 2018.

 

Following the issue of the new shares the total number of issued ordinary shares in the Company will be 2,364,470,035 ordinary shares and consequently the total number of voting rights in the Company will be 2,364,470,035. 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 the share capital of the Company under the Disclosure and Transparency Rules.

 

In addition to this share issue, the Board has issued options over 194,000,000 shares to directors and employees of the Company. The options may be exercised at any time until their expiry on 2 November 2022. These options are priced and vest as follows:

 

(a) 79 million options have an exercise price of 0.42p vesting within 7 days of this announcement;

(b)        60 million options have an exercise price of 0.6p, vesting when the market has achieved this price on a VWAP  of 10 days, or at the latest by 31 December 2018;

(c) 55 million options have an exercise price of 0.9p, vesting when the market has achieved this price on a VWAP of 10 days, or at the latest by 30 June 2019.

 

These options are being granted at the conclusion of a successful mining season and thanks to the patience and perseverance of the Company's team which has received no bonuses or remuneration increases in over five years.

 

Of these options, the following options are to be granted to the directors:

 

 

Name

Total options granted

Number

Exercisable from

Total options and warrants held now

Christian Schaffalitzky

20,000,000

10,000,000

10/11/2018

None



5,000,000

31/12/2018




5,000,000

30/06/2018


Gary Fitzgerald

5,000,000

5,000,000

10/11/2018

None











Dmitry  Suschov*

20,000,000

10,000,000

10/11/2018

None



5,000,000

31/12/2018




5,000,000

30/06/2018


 

 

 

Enquiries:

 

Eurasia Mining Plc

Christian Schaffalitzky

+44 (0)207 932 0418

 

WH Ireland Limited (Nomad and Joint Broker)

Katy Mitchell / James Sinclair-Ford

+44 (0)161 832 2174

 

First Equity Limited (Joint Broker)

Jason Robertson

Tel: +44 (0)20 7374 2212

 

Optiva Securities (Joint Broker)

Christian Dennis

Tel: +44 (0) 20 3137 1902

 

 

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

Christian Schaffalitzky

2

Reason for the notification

a)

Position/status

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

Eurasia Mining plc

b)

LEI

2138 00VW NISV 35PT I539

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

Shares and Options

 

 

 

GB0003230421

b)

Nature of the transaction

Share Incentive Plan/in lieu of payment

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Shares 0.42p

Options @ 0.42p

Options @ 0.6p

Options @ 0.9p

5,060,000

10,000,000

5,000,000

5,000,000

d)

Aggregated information

-    Aggregated volume

-    Price

 

5,060,000

0.42p

 

e)

Date of the transaction

31 October 2018

f)

Place of the transaction

London, UK

 

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

Gary Fitzgerald

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Eurasia Mining plc

b)

LEI

2138 00VW NISV 35PT I539

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

 

Shares and options

 

 

GB0003230421

b)

Nature of the transaction

Share Incentive Plan/in lieu of payment

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Shares 0.42p

Options 0.42p

1,198,630

5,000,000

d)

Aggregated information

-    Aggregated volume

-    Price

 

1,198,630

 

e)

Date of the transaction

31 October 2018

f)

Place of the transaction

London, UK

 

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

Dmitry  Suschov

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Eurasia Mining plc

b)

LEI

2138 00VW NISV 35PT I539

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

 

Shares and Options

 

 

GB0003230421

b)

Nature of the transaction

Share Incentive Plan/inlieu of payment

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Shares 0.42p

Options @ 0.42p

Options @ 0.6p

Options @ 0.9p

 

8,658,038

10,000,000

5,000,000

5,000,000

d)

Aggregated information

-    Aggregated volume

-    Price

 

8,658,038

0.42p

 

e)

Date of the transaction

31 October 2018

f)

Place of the transaction

London, UK

 


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
 
 
MSCBGBDBUGGBGID

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Price: 0.47

Market: AIM
Market Cap: £11.69 m
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