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Performance Option Award Update

2 Sep 2020 16:35

RNS Number : 8645X
Red Rock Resources plc
02 September 2020
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Red Rock Resources Plc

("Red Rock" or the "Company")

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Performance Option Award Update

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2 September 2020

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Red Rock Resources Plc, the natural resource development Company, further updates that performance options to key staff, announced on 24 August 2020, have been allocated to Rasa Vaitkute, Corporate Affairs Manager as specified below.

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Tranche 1

Tranche 2

Rasa Vaitkute

1,250,000

1,250,000

Vesting date:

On issue

On issue

Exercise price:

2p

2.5p

Expiry date:

19.08.2025

19.08.2025

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Each option entitles the holder upon exercise to one ordinary share of 0.01p in the capital of the Company ("Ordinary Shares").

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For further information, please contact:

Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc

Scott Kaintz 0207 747 9990 Director Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited

Mark Treharne 0203 700 2500 Broker Pello Capital Ltd

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The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

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1

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Details of the person discharging managerial responsibilities / person closely associated

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a)

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Name

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1. Rasa Vaitkute

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2

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Reason for the notification

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a)

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Position/status

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1. Corporate Affairs Manager

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b)

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Initial notification /Amendment

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Initial Notification

3

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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

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a)

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Name

Β 

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Red Rock Resources Plc

b)

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LEI

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213800383CFWX3U42W09

4

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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)

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Description of the financial instrument, type of instrument

Ordinary Shares of Β£0.0001 each

Identification code

ISIN: GB00BYWKBV38

b)

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Nature of the transaction

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Issue of Performance Options to buy Shares of 0.01p

c)

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Price(s) and volume(s)

Name

Price(s)

Volume(s)

Rasa Vaitkute

Β£0.02

Β£0.025

1,250,000

1,250,000

d)

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Aggregated information

NA (single transaction for each PDMR)

- Aggregated volume

NA

- Price

NA

e)

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Date of the transaction

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2 September 2020

f)

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Place of the transaction

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Outside a trading venue

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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
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END
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DSHEASNAEDLEEFA
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