19 May 2022 07:00
Rambler Metals and Mining PLC / AIM: RMM / Sector: Natural Resources
19 May 2022
Rambler Metals and Mining PLC ('Rambler' or the 'Company')
Grant of Restricted Share Units and Issuance of Ordinary Shares
London, England, Newfoundland and Labrador, Canada - Rambler Metals and Mining plc (AIM: RMM) ("Rambler" or the "Company"), a copper and gold producer, explorer and developer, today is pleased to announce that the Board of Directors has authorized the issuance of 975,000 Restricted Share Units ("RSUs") to persons discharging managerial responsibilities ("PDMRs"). The RSU entitles the holder to new ordinary shares of 1 pence each ("Ordinary Shares"), upon the vesting conditions for the RSU being satisfied. The RSUs vest: one third immediately; one third on the first anniversary of award; and one third on the second anniversary of award. The RSUs are being granted in lieu of cash bonuses to align executive interests with those of shareholders.
Total number of RSUs being issued today | 975,000 |
Total number of RSUs vested today | (325,000) |
Outstanding RSUs | 650,000 |
325,000 new Ordinary Shares have been issued today for 325,000 vested RSUs as follows:
PDMR | No. of Ordinary Shares issued | Total no. of Ordinary Shares held | % held of enlarged share capital |
Toby Bradbury | 125,000 | 821,270 | 0.51% |
Gus Simbanegavi | 66,667 | 66,667 | 0.04% |
Tim Sanford | 33,333 | 135,502 | 0.08% |
Peter Mercer | 33,333 | 101,000 | 0.06% |
Raphael Mwangobola | 33,333 | 119,868 | 0.07% |
Bonnie Matthews | 33,333 | 33,333 | 0.02% |
When combined with the RSUs announced on 2 July 2021, the total number of RSUs currently in issue are as follows:
Total number of RSUs in issue | 1,921,666 |
Total number of RSUs vested to date | 684,333 |
Total outstanding RSUs | 1,237,333 |
The total number of RSUs currently in issue represent in aggregate 1.20% of the enlarged issued ordinary share capital of the Company and have been issued to senior executives in line with the Company's ongoing incentive plans.
Admission to trading on AIM and Total Voting Rights
Application will be made for 325,000 new Ordinary Shares which will rank pari passu with the existing Ordinary Shares of the Company, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective, and dealings will commence at 8:00 a.m. on or around 25 May 2022.
Following the issue of the new Ordinary Shares, the total issued share capital of the Company will consist of 159,472,133 ordinary shares of 1 pence each. The Company does not hold any ordinary shares in Treasury. Therefore, the total current voting rights in the Company following Admission will be 159,472,133 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Market Abuse Regulation (MAR) Disclosure
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') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1. | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||||||||||||||||||||||||||||||||||||||
a) | Name: | 1) Toby Bradbury 2) Gus Simbanegavi 3) Tim Sanford 4) Peter Mercer 5) Raphael Mwangobola 6) Bonnie Matthews | |||||||||||||||||||||||||||||||||||||||||||||
2. | Reason for the notification | ||||||||||||||||||||||||||||||||||||||||||||||
a) | Position/status: | 1) CEO and Director 2) VP & General Manager 3) VP & Corporate Secretary 4) VP - Exploration & Marketing 5) VP & Project Director 6) VP - Human Resources | |||||||||||||||||||||||||||||||||||||||||||||
b) | Initial notification/Amendment: | Initial notification | |||||||||||||||||||||||||||||||||||||||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||||||||||||||||||||||||||||||||||||||
a) | Name: | Rambler Metals and Mining PLC | |||||||||||||||||||||||||||||||||||||||||||||
b) | LEI: | 213800IB64T72HG7SD88 | |||||||||||||||||||||||||||||||||||||||||||||
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 1p each or rights to these GB00BLFJ1613 | |||||||||||||||||||||||||||||||||||||||||||||
b) | Nature of the transaction: | A) Issue of RSUs in lieu of cash bonuses B) Issue of Ordinary Shares arising from vested RSUs | |||||||||||||||||||||||||||||||||||||||||||||
c) | Price(s) and volume(s): |
A)
| |||||||||||||||||||||||||||||||||||||||||||||
d) | Aggregated information: Price:
|
| |||||||||||||||||||||||||||||||||||||||||||||
e) | Date of the transaction: | 2022-05-19 | |||||||||||||||||||||||||||||||||||||||||||||
f) | Place of the transaction: | Outside a trading venue | |||||||||||||||||||||||||||||||||||||||||||||
**ENDS**