Last checked at 4 Oct 2021 16:30
4 October 2021
Pathfinder Minerals Plc
("Pathfinder" or the "Company")
Grant of share options
Pathfinder announces that it has granted 5,000,000 options over the Company's ordinary shares ("Share Options") to Peter Taylor, Chief Executive Officer of the Company.
The Share Options are exercisable at a price of 1.25 pence per share until 3 October 2023.
The award was made following an annual review by the Nomination & Remuneration Committee to support the retention of key personnel.
Following this award, the directors and company secretary of Pathfinder have the following interests in share options over the Company's shares:
Director | No. Options | Exercise price | Ex'able from | Ex'able to |
Dennis Edmonds | 10,000,000 | £0.0125 | 11/05/2020 | 11/05/2022 |
Jonathan Summers | 6,000,000 | £0.0055 | 16/03/2021 | 15/03/2023 |
Jonathan Summers | 6,000,000 | £0.0125 | 30/03/2021 | 29/03/2023 |
Peter Taylor | 6,000,000 | £0.0125 | 31/07/2020 | 30/08/2022 |
Mark Gasson | 6,000,000 | £0.0125 | 09/06/2021 | 08/06/2023 |
David Taylor | 3,000,000 | £0.0125 | 24/06/2021 | 23/06/2023 |
Peter Taylor | 5,000,000 | £0.0125 | 04/10/2021 | 03/10/2023 |
The notifications form below is provided in accordance with the requirements of the UK Market Abuse Regulation:
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") with them.
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Peter Taylor | |||
2 | Reason for the notification | ||||
a) | Position/status | Chief Executive Officer | |||
b) | Initial notification /Amendment | Initial announcement | |||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Pathfinder Minerals plc | |||
b) | LEI | 2138009YG6AG3K86TN77 | |||
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 | Options to acquire Ordinary Shares of 0.1 pence each in Pathfinder Minerals Plc at a price of 1.25p pence each | |||
Identification code | ISIN: GB00BYY0JQ23 | ||||
b) | Nature of the transaction | Grant of share options | |||
c) | Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
No consideration paid; options are exercisable at 1.25p each | 5,000,000 | ||||
d)
| Aggregated information | Same as above | |||
e) | Date of the transaction | 4 October 2021 | |||
f) | Place of the transaction | Outside a trading venue | |||
Enquiries:
Pathfinder Minerals Plc
Peter Taylor, Chief Executive Officer
Tel. +44 +44 (0)20 3143 6748
Strand Hanson Limited (Nominated & Financial Adviser and Broker)
James Spinney / Ritchie Balmer / Rob Patrick
Tel. +44 (0)20 7409 3494
Vigo Consulting (Public Relations)
Ben Simons / Fiona Hetherington / Kate Kilgallen
Tel. +44 (0)20 7390 0234
Email pathfinderminerals@vigoconsulting.com
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").