Last checked at 28 Feb 2023 16:15
28 February 2023
IRONVELD PLC
("Ironveld" or the "Company")
Grant of Share Options
Share Options
Ironveld plc announces that on 27 February 2023 the Company's Remuneration Committee granted 12,500,000 options to Martin Eales, Chief Executive Officer, and 12,500,000 options to Peter Cox, Technical Director, over new ordinary shares of 0.1 pence each, representing in total 0.86 per cent. of the current issued share capital of the Company under the Company's Long Term Incentive Plan.
The options have an exercise price of 0.30 pence and vest in three equal tranches over 36 months from the date of grant. The options expire on the 10th anniversary of the grant.
Following these awards the Company has a total of 80,470,001 shares under option, representing 2.78 per cent. of the current issued share capital of the Company.
For further information, please contact:
Ironveld plc Giles Clarke, Chairman Martin Eales, Chief Executive Officer
| c/o BlytheRay +44 20 7138 3204
| |
finnCap (Nomad and Joint Broker) Christopher Raggett / Charlie Beeson
| +44 20 7220 0500 | |
Turner Pope (Joint Broker) Andrew Thacker/James Pope
| +44 20 3657 0050 | |
BlytheRay Tim Blythe / Megan Ray | +44 20 7138 3204 |
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.
Grant of Options
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 0.1 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 0.30 pence per share. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: ·Aggregated volume ·Price | See above | ||||
e) | Date of the transaction | 27 February 2023 | ||||
f) | Place of the transaction | Outside trading venue | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Peter Cox | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Technical Director | ||||
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 0.1 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 0.30 pence per share. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: ·Aggregated volume ·Price | See above | ||||
e) | Date of the transaction | 27 February 2023 | ||||
f) | Place of the transaction | Outside trading venue | ||||