Last checked at 28 Feb 2022 18:21
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Corcel PLC
("Corcel" or the "Company")
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Options Award and Directors Dealings
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28 February 2022
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Corcel, the natural resource exploration and development company with interests in battery metals and flexible energy generation and storage, announces an award of options.
Options Award and Director's Dealings
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The Company announces the grant of 20,606,278 five-year options to Directors and key staff, 8,447,197 of which fall under the Company's existing Enterprise Management Scheme. Each option entitles the holder upon exercise to one ordinary share of £0.0001 in the capital of the Company at a strike price of £0.017 (a 26% premium to the most recent closing price of 25 February 2022). The options have a three-year vesting period with the vesting further contingent on the award of a mining lease at the Company's Mambare nickel-cobalt project in Papua New Guinea. Pursuant to the recommendation of the Remuneration Committee, the Board has awarded the following options.
 | Award | Strike Price | Expiry Date |
James Parsons | 6,547,197 | £ 0.017 | 28-Feb-2027 |
Scott Kaintz | 6,547,197 | £ 0.017 | 28-Feb-2027 |
Ewen Ainsworth | 2,805,942 | £ 0.017 | 28-Feb-2027 |
Henry Bellingham | 2,805,942 | £ 0.017 | 28-Feb-2027 |
Other Personnel | 1,900,000 | £ 0.017 | 28-Feb-2027 |
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Following the grant of options, the resultant Directors' shareholdings are as follows:
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Directors | Ordinary Shares | Total Shares | % of Issued Share Capital | Warrants | Options | Â | |
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 | Direct | Indirect |  |  |  |  |  |
James Parsons | 3,089,773 | 2,143,100 | 5,232,873 | 1.31% | 2,381,250 | 9,587,764 | Â |
Scott Kaintz | 2,570,944 | 1,754,275 | 4,325,219 | 1.08% | 2,185,417 | 9,711,964 | Â |
Henry Bellingham | 0 | 0 | 0 | 0.00% | 0 | 2,805,942 | Â |
Ewen Ainsworth | 2,253,429 | 0 | 2,253,429 | 0.56% | 1,281,250 | 2,805,942 | Â |
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Scott Kaintz 020 7747 9960 Corcel Plc CEOÂ
James Joyce / Andrew de Andrade 0207 220 1666 WH Ireland Ltd NOMAD & Broker
Simon Woods 0207 3900 230 Vigo Consulting IRÂ
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This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU, which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed in accordance with the Company's obligations under Article 17.
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NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
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1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | James Parsons | ||||
2 | Reason for the notification | |||||
a) | Position/status | Â PDMR (Executive Chairman) Â | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | Â | ||||
a) | Name | Corcel plc | Â | |||
b) | LEI | 2138009ECXQQ3EGKVY57 | Â | |||
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 | Â | ||||
a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.0001 each |  | |||
 | Identification code | GB00BKM69866 |  | |||
b) | Nature of the transaction | Award of options | Â | |||
c) | Price(s) and volumes(s) | Price(s) | Volume(s) | Â | ||
£0.017  | 6,547,197 |  | ||||
d) | Aggregated information | 6,547,197 | Â | |||
 | Aggregated volume | N/A |  | |||
 | Price | £0.017 |  | |||
e) | Date of the transaction | 28 February 2022 | Â | |||
f) | Place of the transaction | Outside a trading venue | Â | |||
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1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Scott Kaintz | ||||
2 | Reason for the notification | |||||
a) | Position/status | Â PDMR (CEO) Â | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | Â | ||||
a) | Name | Corcel plc | Â | |||
b) | LEI | 2138009ECXQQ3EGKVY57 | Â | |||
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 | Â | ||||
a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.0001 each |  | |||
 | Identification code | GB00BKM69866 |  | |||
b) | Nature of the transaction | Award of options | Â | |||
c) | Price(s) and volumes(s) | Price(s) | Volume(s) | Â | ||
£0.017  | 6,547,197 |  | ||||
d) | Aggregated information | 6,547,197 | Â | |||
 | Aggregated volume | N/A |  | |||
 | Price | £0.017 |  | |||
e) | Date of the transaction | 28 February 2022 | Â | |||
f) | Place of the transaction | Outside a trading venue | Â | |||
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1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Ewen Ainsworth | ||||
2 | Reason for the notification | |||||
a) | Position/status | Â PDMR (Non-Executive Director) Â | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | Â | ||||
a) | Name | Corcel plc | Â | |||
b) | LEI | 2138009ECXQQ3EGKVY57 | Â | |||
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 | Â | ||||
a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.0001 each |  | |||
 | Identification code | GB00BKM69866 |  | |||
b) | Nature of the transaction | Award of options | Â | |||
c) | Price(s) and volumes(s) | Price(s) | Volume(s) | Â | ||
£0.017  | 2,805,942 |  | ||||
d) | Aggregated information | 2,805,942 | Â | |||
 | Aggregated volume | N/A |  | |||
 | Price | £0.017 |  | |||
e) | Date of the transaction | 28 February 2022 | Â | |||
f) | Place of the transaction | Outside a trading venue | Â | |||
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1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Henry Bellingham | ||||
2 | Reason for the notification | |||||
a) | Position/status | Â PDMR (Non-Executive Director) Â | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | Â | ||||
a) | Name | Corcel plc | Â | |||
b) | LEI | 2138009ECXQQ3EGKVY57 | Â | |||
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 | Â | ||||
a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.0001 each |  | |||
 | Identification code | GB00BKM69866 |  | |||
b) | Nature of the transaction | Award of options | Â | |||
c) | Price(s) and volumes(s) | Price(s) | Volume(s) | Â | ||
£0.017  | 2,805,942 |  | ||||
d) | Aggregated information | 2,805,942 | Â | |||
 | Aggregated volume | N/A |  | |||
 | Price | £0.017 |  | |||
e) | Date of the transaction | 28 February 2022 | Â | |||
f) | Place of the transaction | Outside a trading venue | Â | |||
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