Last checked at 1 Oct 2019 13:22
Alien Metals Limited - Grant of Share OptionsAlien Metals Limited - Grant of Share Options
PR Newswire
London, October 1
Trading Symbols
AIM: UFO
FWB: I3A1
1 October 2019
Alien Metals Ltd(“Alien” or “the Company”)
Grant of Share Options
Alien Metals Ltd, the AIM quoted exploration and development company reports today that following a recommendation of the Nomination & Remuneration Committee, it has granted options over the Common shares of the Company (“Options”) to Bill Brodie Good under the terms of the Company’s EMI Share Option Plan, which also makes provision for the award of Unapproved (non-EMI) share options, as set out below.
The Premium as set out below, is by reference to the closing mid-market price of 0.145 pence on 27 September 2019, and ranges from 51% to 210%.
Bill Brodie Good (Technical Director)
| No. Unapproved Options | Exercise Price (pence) | Exercisable from | Exercisable to |
| 3,000,000 | 0.22 (51% Premium) | 1 October 2019 | 28 March 2024 |
| 3,000,000 | 0.30 (106% Premium) | 1 October 2019 | 28 March 2024 |
| 4,000,000 | 0.45 (210% Premium) | 1 October 2019 | 28 March 2024 |
The aggregate number of share options awarded on 30 September 2019, representing 0.74% of the Company’s present issued share capital. Under the terms of the Company’s EMI Share Option Plan, Options over 81,327,255 are subsisting, and 53,845,072 Common Shares of the Company remain available to be granted.
Following this award of Options, the directors have the following interests in shares and options of the Company:
| Director | No. Options | Exercise Price (pence) | Exercisable from | Exercisable to |
| Dan Smith | 3,085,627 3,085,627 6,171,255 | 0.25 0.25 0.25 | 29 June 2019 29 September 2019 29 March 2020 | 28 March 2024 28 March 2024 28 March 2024 |
| Bill Brodie Good | 3,000,000 3,000,000 4,000,000 | 0.22 0.30 0.45 | 1 October 2019 1 October 2019 1 October 2019 | 28 March 2024 28 March 2024 28 March 2024 |
| James Cable | 500,000 1,100,000 | 1.00 0.25 | 10 February 2017 29 March 2019 | 9 February 2022 28 March 2024 |
| Chris Gordon | 17,142,373 | 0.25 | 15 May 2018 | 14 May 2023 |
None of the directors have any interests in the Common shares of the Company.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
For further information please visit the Company’s website at www.alienmetals.uk, or contact:
| Alien Metals Limited Dan Smith, Executive Chairman David Taylor, Company Secretary Tel: +44 (0)20 7887 6599 | Yellow Jersey PR Limited Felicity Winkles/Annabel Atkins Tel: +44 (0)774 884 3871 |
| Beaumont Cornish Limited (Nomad) James Biddle/ Roland Cornish www.beaumontcornish.com Tel: +44 (0) 207 628 3396 | First Equity Limited (Broker)Â Jason Robertson Tel +44 (0)20 7374 2212 |
Notes to Editors
Alien Metals Ltd is an AIM quoted mining exploration and development company. Since the restructure of the company in 2018, Alien has focused on delivering its strategy of acquiring mining projects which demonstrate significant development upside, in jurisdictions with established infrastructure and mining codes, and where strong operational controls can be assured.
In addition to progressing its acquisition-led strategy, following the strategic review of its portfolio of projects in Mexico during 2018-19, the Company has identified exploration targets across its 12 mining concessions in Zacatecas, Mexico, which it is working to advance systematically.