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Red Rock Resources - Performance Option Award Update

RNS Number : 8645X
Red Rock Resources plc
02 September 2020
 

Red Rock Resources Plc

("Red Rock" or the "Company")

 

Performance Option Award Update

 

 

2 September 2020

 

Red Rock Resources Plc, the natural resource development Company, further updates that performance options to key staff, announced on 24 August 2020, have been allocated to Rasa Vaitkute, Corporate Affairs Manager as specified below.

 


Tranche 1

Tranche 2

Rasa Vaitkute

1,250,000

1,250,000

Vesting date:

On issue

On issue

Exercise price:

2p

2.5p

Expiry date:

19.08.2025

19.08.2025

 

Each option entitles the holder upon exercise to one ordinary share of 0.01p in the capital of the Company ("Ordinary Shares").

 

 

For further information, please contact:

Andrew Bell 0207 747 9990                                                       Chairman Red Rock Resources Plc

Scott Kaintz 0207 747 9990                                                        Director Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396           NOMAD Beaumont Cornish Limited

Mark Treharne 0203 700 2500                                                   Broker Pello Capital Ltd

 

The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

1. Rasa Vaitkute

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

1. Corporate Affairs Manager

 

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

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

 

a)

 

Name

 

 

Red Rock Resources Plc

b)

 

LEI

 

 

213800383CFWX3U42W09

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

Ordinary Shares of £0.0001 each



Identification code

ISIN: GB00BYWKBV38



b)

 

Nature of the transaction

 

 

Issue of Performance Options to buy Shares of 0.01p

c)

 

Price(s) and volume(s)


Name

Price(s)

Volume(s)

Rasa Vaitkute

£0.02

£0.025

1,250,000

1,250,000





d)

 

Aggregated information

NA (single transaction for each PDMR)



- Aggregated volume

NA



- Price

NA



e)

 

Date of the transaction

 

 

2 September 2020

f)

 

Place of the transaction

 

Outside a trading venue

 

 

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END
 
 
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Price: 0.75

Market: AIM
Market Cap: £6.16 m
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