Last checked at 24 Jan 2022 07:30
ECR MINERALS plc
(“ECR Minerals” or the “Company”)
Issue of Options
ECR Minerals plc (LON:ECR), the precious metals exploration and development company, confirms today that it has issued options over 30,000,000 ordinary shares in the Company, to senior employees and certain directors / PDMRS of the Company.
The options vest immediately; have an exercise price of 2.2p and whilst they can then be exercised at any time for a period of three years, exercise is conditional on the Volume Weighted Average Price of the shares being 3.75 pence per share for 10 days at the time of exercise (“New Options”).
The Directors and PDMRs receiving shares are as follows:
Name of PDMR | Number of New Options |
Total Options Held |
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David Tang (Chairman) | 10,000,000 | 10,000,000 |
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Adam Jones (NED) | 5,000,000 | 5,000,000 |
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The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities | |
a) | Name | Adam Jones |
2 | Reason for the notification | |
a) | Position/status | Non-Executive Director |
b) | Initial notification/amendment | Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | ECR Minerals plc |
b) | LEI | 213800PBXY96KXHISJ17 |
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 0.001p each
GB00BYYDKX57 |
b) | Nature of the transaction | Market purchases |
c) | Price(s) and volume(s) | Price(s) Volume(s) ______________________ 2.2p per share 5,000,000
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d) | Aggregated information - Aggregated volume - Price |
5,000,000 2.2p |
e) | Date of the transaction | 24 January 2022 |
f) | Place of the transaction | London Stock Exchange (XLON) |
2 | Details of the person discharging managerial responsibilities | |
a) | Name | David Tang |
2 | Reason for the notification | |
a) | Position/status | Chairman & Director |
b) | Initial notification/amendment | Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | ECR Minerals plc |
b) | LEI | 213800PBXY96KXHISJ17 |
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 0.001p each
GB00BYYDKX57 |
b) | Nature of the transaction | Market purchases |
c) | Price(s) and volume(s) | Price(s) Volume(s) ______________________ 2.2p per share 10,000,000
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d) | Aggregated information - Aggregated volume - Price |
10,000,000 2.2p |
e) | Date of the transaction | 24 January 2022 |
f) | Place of the transaction | London Stock Exchange (XLON) |
FOR FURTHER INFORMATION, PLEASE CONTACT:
ECR Minerals plc |
| Tel: +44 (0)20 7929 1010 |
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David Tang, Non-Executive Chairman |
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Email: info@ecrminerals.com |
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Website: www.ecrminerals.com |
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WH Ireland Ltd |
| Tel: +44 (0) 20 7220 1666 |
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Nominated Adviser |
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Katy Mitchell/Andrew de Andrade |
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SI Capital Ltd |
| Tel: +44 (0)148 341 3500 |
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Broker |
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Nick Emerson |
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