Last checked at 10 Jan 2020 12:45
10 January 2020
IRONVELD PLC
("Ironveld" or the "Company")
Grant of Share Options
Ironveld plc announces that on 10 January 2020 the Company's Remuneration Committee granted options to Martin Eales, Chief Executive Officer, over 27,400,000 new ordinary shares of 1 pence each, representing 4.18 per cent of the current issued share capital of the Company, under the Long Term Incentive Plan approved at the General Meeting held on 15 August 2012.
The options have an exercise price of 1 pence and vest in two equal tranches: 50 per cent immediately and 50 per cent 12 months following the award. The options expire on the 10th anniversary of the grant.
The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Martin Eales | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Ironveld Plc | ||||
b) | LEI | 2138004LU52LQBNXG604 | ||||
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 1 pence | ||||
Identification code | GB0030426455 | |||||
b) | Nature of the transaction | Grant of share options to PDMR under the Ironveld Long Term Incentive Plan with an exercise price of 1 pence per share. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: ·; Aggregated volume ·; Price | See above | ||||
e) | Date of the transaction | 10 January 2020 | ||||
f) | Place of the transaction | Outside trading venue | ||||
For further information, please contact:
Ironveld plc Giles Clarke, Chairman Martin Eales, Chief Executive Officer
| c/o Blytheweigh +44 20 7138 3204
| |
finnCap (Nomad and Broker) Christopher Raggett / Hannah Boros
| +44 20 7220 0500 | |
Blytheweigh Tim Blythe / Megan Ray | +44 20 7138 3204 |