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Amur Minerals Corp - Grant of Options

RNS Number : 7688I
Amur Minerals Corporation
03 April 2020
 

 

 

3 April 2020

 

Amur Minerals Corporation

("Amur" or "the Company")

 

Grant of Options

 

Amur Minerals Corporation ("Amur" or the "Company"), the nickel-copper sulphide exploration and development company focused on the far east of Russia, is pleased to announce that a grant of 30,000,000 share options over Ordinary Shares ("Share Options") to certain Directors, executives and employees.

 

The grant of Share Options is intended to incentivise and retain management and key Russian staff. The Share Options are allocated as follows:

 


Options Awarded

Existing share options

Total share options

Robin Young

3,900,000

3,301,000

7,201,000

Robert Schafer

5,800,000

748,000

6,548,000

Tom Bowens

5,800,000

0

5,800,000

Lou Naumovski

3,900,000

0

3,900,000

Brian Savage

5,800,000

635,000

6,435,000

Paul Gazzard

0

338,000

338,000

Paul McKay

500,000

506,000

1,006,000

Other employees

4,300,000

6,846,000

11,146,000

Adam Habib

0

25,619,260

25,619,260

TOTAL

30,000,000

37,993,260

67,993,260

 

The Share Options will vest after 12 months from the date of grant and will have a strike price of 1.75 pence, representing a 40% premium to the closing mid-market price on 2 April 2020 of 1.25 pence. The Share Options will expire on 3 April 2023. Following this grant the total number of share options now outstanding is over 67,993,260 Ordinary Shares which represents 8% of the current issued ordinary share capital of the Company.

 

The Company would like to note that 12,374,000 currently existing options with a strike price on 24.58 pence will expire on 27 July 2020.

 

Enquiries:

 

Company

Amur Minerals Corp.

Nomad and Broker

S.P. Angel Corporate Finance LLP

Public Relations

Blytheweigh

Robin Young CEO

Richard Morrison

Soltan Tagiev

Megan Ray

Tim Blythe

+7 (4212) 75 56 15

+44 (0) 20 3470 0470

+44 (0) 20 7138 3204

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealing.

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.  Robin Young

2.  Robert Schafer

3.  Tom Bowens

4.   Lou Naumovski

5.   Brian Savage

6.   Paul McKay

2.     

Reason for the notification

a)

Position/status:

1.   Chief Executive Officer

2.   Non-Executive Chairman

3.   Non-Executive Director

4.   Non-Executive Director

5.   Non-Executive Director

6.   CFO

b)

Initial notification/Amendment:

Initial notification

3.     

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

a)

Name:

Amur Minerals Corporation

b)

LEI:

213800XFW6MKVCHHPW88

4a.     

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 no par value    

VGG042401007

b)

Nature of the transaction:

Grant of options over ordinary shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

1.   1.75 p

2.   1.75 p

3.   1.75 p

4.   1.75 p

5.   1.75 p

6.   1.75 p

1.   3,900,000

2.   5,800,000

3.   5,800,000

4.   3,900,000

5.   5,800,000

6. 500,000

 

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

1.75 p

25,700,000

 

 

e)

Date of the transaction:

2020-04-03

f)

Place of the transaction:

Outside of trading venue

 

 

 


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 [email protected] or visit www.rns.com.
 
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Quick facts: Amur Minerals Corp.

Price: 1.125

Market: LSE
Market Cap: £10.89 m
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