Last checked at 9 Mar 2021 17:01
9 March 2021
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 3,000,000 ordinary shares of EUR0.0025 in the Company (the "Options"). The Options vest immediately, have an exercise price of 1.8 pence and an expiry date of 8 March 2028. The Options will be distributed between the Directors as follows:
Director Number of Share Options granted
John Teeling, Non-Executive Chairman 1,000,000
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David Cockbill, Non-Executive Director 1,000,000
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James Finn, Financial Director and Company Secretary 1,000,000
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Following this grant of options, a total of 15,800,000 long-term, incentive options are outstanding, representing approximately 5.2% of the Company's current issued share capital.
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
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| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
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| 1. John Teeling 2. David Cockbill 3. James Finn |
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2
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| Reason for the notification
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a)
| Position/status
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| 1. Non-Executive Chairman 2. Non-Executive Director 3. Financial Director and Company Secretary |
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b)
| Initial notification /Amendment
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| Initial notification |
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3
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| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
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| Arkle Resources PLC |
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b)
| LEI
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| 213800CTOO8MOLMNEQ44 |
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4
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| 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
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a)
| Description of the financial instrument, type of instrument |
| Ordinary shares of EUR0.0025 |
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Identification code |
| E00B2357X72 |
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b)
| Nature of the transaction
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| Grant of options over ordinary shares |
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c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 1. | 1.8 pence | 1,000,000 |
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| 2. | 1.8 pence | 1,000,000 |
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| 3. | 1.8 pence | 1,000,000 |
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d)
| Aggregated information |
| Single transactions as in 4 c) above |
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- Aggregated volume |
| 3,000,000 |
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- Price |
| 1.8 pence |
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e)
| Date of the transaction
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| 2021-03-09 |
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f)
| Place of the transaction
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| Outside a trading venue |
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ENDS
Enquiries:
Arkle Resources PLC |
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John Teeling, Chairman | +353 (0) 1 833 2833 |
Jim Finn, Finance Director | +353 (0) 1 833 2833 |
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SP Angel Corporate Finance LLPNominated Adviser & Joint Broker |
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Matthew Johnson/Adam Cowl | +44 (0) 203 470 0470 |
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First Equity Limited |
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Joint Broker |
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Jason Robertson | +44 (0) 207 374 2212 |
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Blytheweigh | +44 (0) 207 138 3204 |
Megan Ray |
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Rachael Brooks |
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Teneo |
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Luke Hogg | +353 (0) 1 661 4055 |
Ross Murphy | +353 (0) 1 661 4055 |