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Last checked at 
13 May 2022 12:36
13 May 2022
Rockfire Resources plc
("Rockfire" or the "Company")
Shares Issued for Director Fees instead of Cash
Director/PDMR Shareholding
Rockfire Resources plc (LON: ROCK), the gold and base-metal explorer, announces that in accordance with the service agreement between Patrick Elliott and the Company, 1,750,000 new ordinary shares in the Company (the "Fee Shares") have been issued to Patrick Elliott for all of his services as a Non-Executive Director of the Company for the period 1 January 2022 to 31 March 2022. These shares are being issued to Mr Elliott instead of cash for his director and committee fees.
The Fee Shares are being issued, whereby he agreed to accept his annual remuneration as new ordinary shares in the Company instead of cash. Under the terms of his service agreement, the shares become due at the end of each quarter and will be allotted by the Board on an ad-hoc basis.
This issue of shares includes his director's remuneration for the March 2021 quarter, plus his fees payable as a member of the Audit & Remuneration committees for the quarter. The issue price is 0.4 pence per share, calculated using the closing mid-market price per share on the final trading day of the quarter.
Application has been made for the admission of the Fee Shares to trading on AIM ("Admission"). It is anticipated that Admission will become effective on or around 8.00 a.m. on 20 May 2022.
On Admission, Patrick Elliott will have an interest in 15,447,893 Shares, representing approximately 1.42 per cent. of the issued share capital of the Company, as enlarged by the Fee Shares. The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation, is appended below.
Total Voting Rights
Following Admission, the total number of ordinary shares and voting rights in the Company will be 1,085,444,195. The Company does not hold any shares in treasury. From Admission, the above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.
For further information on the Company, please visit www.rockfireresources.com or contact the following:
Rockfire Resources plc: | info@rockfireresources.com |
David Price, Chief Executive Officer | |
Allenby Capital Limited (Nominated Adviser & Broker) | Tel: +44 (0) 20 3328 5656 |
John Depasquale / George Payne (Corporate Finance) Matt Butlin / Kelly Gardner (Sales and Corporate Broking) | |
Yellow Jersey | rockfire@yellowjerseypr.com |
Sarah Hollins / Henry Wilkinson | Tel: +44 (0) 20 3004 9512 |
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 | Patrick Elliott | ||||
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 | Rockfire Resources plc | ||||
b) | LEI | 213800THSZQSFKTXOI24 | ||||
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 0.1p each
Identification code (ISIN) for Rockfire Resources plc ordinary shares:GB00B42TN250
| ||||
b) | Nature of the transaction | Issue of ordinary shares in consideration of payment of director fees
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
As above
| ||||
e) | Date of the transaction | 12 May 2022 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
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