Pathfinder announces that the Company has granted a total of 7,500,000 options over the Company's ordinary shares of 0.1p each ("Ordinary Shares") to the Chief Executive Officer, John Taylor (the "Director Options"). The Director Options will vest, at the discretion of an independent Committee of the Board, and subject to resolution of the current dispute between the Company and other parties and the successful restoration to the Company of an interest in mining licence 6323C ("the Licence"). Further details of the Director Options are set out below:
No. of options Granted
Total No. of Options Held
The issue of the Director Options results in a holding by the Board of the Company of, in aggregate, 19,500,000 share options in the Company, representing approximately 6 per cent. of the Company's currently issued share capital.
Related Party Transaction
The grant of the Director Options is considered to be a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. The directors of the Company, other than John Taylor, consider, having consulted with the Company's Nominated Adviser, Strand Hanson Limited, that the terms of the grant of the Director Options are fair and reasonable in so far as the Company's shareholders are concerned.
Pathfinder Minerals Plc
John Taylor, Chief Executive Officer
Tel. +44 (0)20 3440 7775
Strand Hanson Limited (Nominated & Financial Adviser and Broker)
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the Notification
Chief Executive Officer
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Pathfinder Minerals PLC
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
Description of the Financial instrument, type of instrument
Issue of options over ordinary shares of 0.1p each
Nature of the Transaction
Issue of options
Price(s) and volume(s)
Aggregated volume price
Date of the transaction
4 July 2019
Place of the transaction
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