Last checked at 12 May 2023 07:00
Red Rock Resources Plc
("Red Rock" or the "Company")
Issue of Shares under Share Incentive Plan
Directors' Dealings and Total Voting Rights
12 May 2023
Red Rock Resources Plc, the natural resource exploration and development company, with interests in gold, copper, cobalt, lithium and other minerals, announces that on 11 May 2023, the Board of Directors approved the issuance of 24,512,229 ordinary shares of £0.0001 each in the Company ("New Ordinary Shares") under the Company's Share Incentive Plan ("SIP") for the 2022/23 tax year as agreed by the Trustees in their meeting held on 5 April 2023.
Directors' Participation
Directors participated in the shares purchase and award of 18,048,913 the New Ordinary Shares under the SIP in respect of the 2022/23 tax year, the details of which have been included in the table below, which sets out the total shareholding and interests of the Directors in the enlarged share capital of the Company.
Directors | New Ordinary Shares | Ordinary Shares Post Issuance | Total Shares | % of Enlarged Issued Share Capital | Options | Warrants | ||
|
| Direct | Indirect* |
|
|
|
| |
Andrew R M Bell | 4,517,371 | 34,316,883 | 22,031,503 | 56,348,386 | 2.84% | 25,880,000 | - | |
Alexander Borrelli | 4,517,371 | - | 5,364,429 | 5,364,429 | 0.27% | - | - | |
Scott Kaintz | 4,517,371 | 3,072,093 | 22,031,503 | 25,103,596 | 1.27% | 17,840,000 | - | |
Sam Quinn | 4,496,800 | 2,656,766 | 20,026,225 | 22,682,991 | 1.14% | 3,450,000 | - | |
* These shares are held on Director's behalf by Red Rock Resources Plc Share Incentive Plan Trustees.
Admission to Trading on AIM and Total Voting Rights
Application is being made to AIM for 24,512,229 New Ordinary Shares, allotted in relation to the SIP for 2022/23 tax year, to be admitted to trading on AIM, the admission of which it is expected on or around 18 May 2023.
Following admission of the Shares, the Company's total issued share capital will consist of 1,983,050,298 ordinary shares, with one voting right per share. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company will be 1,983,050,298 ordinary shares. This figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the share capital of the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.
For further information, please contact:
Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc
Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited
Jason Robertson 0207 374 2212 Broker First Equity Limited
This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU, which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed in accordance with the Company's obligations under Article 17.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||||
a)
| Name
| Andrew Bell | ||||||||
2
| Reason for the notification
| |||||||||
a)
| Position/status
| Executive Chairman, PDMR
| ||||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||||
a)
| Name
| Red Rock Resources Plc | ||||||||
b)
| LEI
| 213800383CFWX3U42W09 | ||||||||
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 £0.0001 each | ||||||||
Identification code | ISIN: GB00BYWKBV38 | |||||||||
b)
| Nature of the transaction
| Issue of Shares under Share Incentive Plan | ||||||||
c)
| Price(s) and volume(s) |
| ||||||||
d)
| Aggregated information | |||||||||
- Aggregated volume | 4,517,371 | |||||||||
- Aggregated Price
| £0.00199
| |||||||||
e)
| Date of the transaction
| 11 May 2023 | ||||||||
f)
| Place of the transaction
| Outside a trading venue | ||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||||
a)
| Name
| Alexander Borrelli | ||||||||
2
| Reason for the notification
| |||||||||
a)
| Position/status
| Non-Executive Director, PDMR
| ||||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||||
a)
| Name
| Red Rock Resources Plc | ||||||||
b)
| LEI
| 213800383CFWX3U42W09 | ||||||||
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 £0.0001 each | ||||||||
Identification code | ISIN: GB00BYWKBV38 | |||||||||
b)
| Nature of the transaction
| Issue of Shares under Share Incentive Plan | ||||||||
c)
| Price(s) and volume(s) |
| ||||||||
d)
| Aggregated information | |||||||||
- Aggregated volume | 4,517,371 | |||||||||
- Aggregated Price
| £0.00199
| |||||||||
e)
| Date of the transaction
| 11 May 2023 | ||||||||
f)
| Place of the transaction
| Outside a trading venue | ||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||||
a)
| Name
| Scott Kaintz | ||||||||
2
| Reason for the notification
| |||||||||
a)
| Position/status
| Non-Executive Director, PDMR
| ||||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||||
a)
| Name
| Red Rock Resources Plc | ||||||||
b)
| LEI
| 213800383CFWX3U42W09 | ||||||||
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 £0.0001 each | ||||||||
Identification code | ISIN: GB00BYWKBV38 | |||||||||
b)
| Nature of the transaction
| Issue of Shares under Share Incentive Plan | ||||||||
c)
| Price(s) and volume(s) |
| ||||||||
d)
| Aggregated information | |||||||||
- Aggregated volume | 4,517,371 | |||||||||
- Aggregated Price
| £0.00199
| |||||||||
e)
| Date of the transaction
| 11 May 2023 | ||||||||
f)
| Place of the transaction
| Outside a trading venue | ||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||||
a)
| Name
| Sam Quinn | ||||||||
2
| Reason for the notification
| |||||||||
a)
| Position/status
| Non-Executive Director, PDMR
| ||||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||||
a)
| Name
| Red Rock Resources Plc | ||||||||
b)
| LEI
| 213800383CFWX3U42W09 | ||||||||
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 £0.0001 each | ||||||||
Identification code | ISIN: GB00BYWKBV38 | |||||||||
b)
| Nature of the transaction
| Issue of Shares under Share Incentive Plan | ||||||||
c)
| Price(s) and volume(s) |
| ||||||||
d)
| Aggregated information | |||||||||
- Aggregated volume | 4,496,800 | |||||||||
- Aggregated Price
| £0.00199
| |||||||||
e)
| Date of the transaction
| 11 May 2023 | ||||||||
f)
| Place of the transaction
| Outside a trading venue | ||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||||
a)
| Name
| Rasa Vaitkute | ||||||||
2
| Reason for the notification
| |||||||||
a)
| Position/status
| Corporate Affairs Manager, PDMR
| ||||||||
b)
| Initial notification /Amendment
| Initial Notification | ||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||||
a)
| Name
| Red Rock Resources Plc | ||||||||
b)
| LEI
| 213800383CFWX3U42W09 | ||||||||
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 £0.0001 each | ||||||||
Identification code | ISIN: GB00BYWKBV38 | |||||||||
b)
| Nature of the transaction
| Issue of Shares under Share Incentive Plan | ||||||||
c)
| Price(s) and volume(s) |
| ||||||||
d)
| Aggregated information | |||||||||
- Aggregated volume | N/A | |||||||||
- Aggregated Price
| N/A
| |||||||||
e)
| Date of the transaction
| 11 May 2023 | ||||||||
f)
| Place of the transaction
| Outside a trading venue | ||||||||