Last checked at 19 May 2020 15:28
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. | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name: | 1. John Teeling 2. Patrick Cullen 3. David Cockbill 4. James Finn | ||||||
2. | Reason for the notification | |||||||
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. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name: | Arkle Resources PLC | ||||||
b) | LEI: |
213800CTOO8MOLMNEQ44 | ||||||
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:
| Ordinary shares of €0.0025 each
E00B2357X72 | ||||||
b) | Nature of the transaction: | Grant of options over ordinary shares | ||||||
c) | Price(s) and volume(s): |
| ||||||
d) | Aggregated information: Aggregated volume: Price: | Single transactions as in 4 c) above
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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 | |