11:34 Wed 24 Feb 2021
Xtract Resources plc - Award of Share Options
For immediate release
Xtract Resources Plc
("Xtract" or the "Company")
Award of Share Options
Director / PDMR Shareholding
Award of Share Options
The Board of Xtract announces that on
The New Options vest and are exercisable immediately on award, with an exercise price of 10.00p. The New Options will lapse five years after the date of the award, being
The exercise price represents a 61 per cent. premium to the Xtract ordinary share mid-market closing price of 6.20p as at
Further details of the New Options awards are as follows:
Individual |
Number of New Options |
Directors: |
|
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10,000,000 |
|
1,000,000 |
|
1,000,000 |
|
4,000,000 |
Other PDMR(s): |
|
|
2,000,000 |
Employees: |
|
Other |
6,800,000 |
Total |
24,800,000 |
A copy of this announcement: www.xtractresources.com
Enquiries:
Xtract Resources Plc |
Executive Chairman
|
+44 (0)20 3416 6471 |
Beaumont Cornish Limited Nominated Adviser and Joint Broker |
|
+44 (0)207628 3369 |
Novum Securities Limited Joint Broker |
|
+44 (0)207 399 9427 |
The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
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. 2. 3. 4. 5. |
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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. Chairman 2. Finance Director 3. Non-Executive Director 4. Non-Executive Director 5. Chief Operating Officer (Non-Board)
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b)
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Initial notification /Amendment
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Initial Notification |
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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
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Xtract Resources plc |
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b)
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LEI
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213800A71LZ79EKUNC34 |
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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 |
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a)
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Description of the financial instrument, type of instrument |
Options over Ordinary Shares of 0.02p each ("Ordinary Shares")
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Identification code |
ISIN: GB00BYSX2795 |
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b)
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Nature of the transaction
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Issue of Options over Ordinary Shares |
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c)
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Price(s) and volume(s) |
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d)
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Aggregated information |
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- Aggregated volume |
18,000,000 options over Ordinary Shares |
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- Price |
18,000,000 exercisable at 10.00p
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e)
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Date of the transaction
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f)
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Place of the transaction
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Outside a trading venue |
ENDS
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