Horizonte Minerals Plc, (AIM:HZM) (TSX:HZM)
('Horizonte' or 'the Company') the nickel
development company focused in Brazil, has on the basis of the
recommendation of its Remuneration Committee and in accordance with
the rules of the Company's 2006 Option Scheme and Enterprise
Management Incentive Scheme, awarded 39,650,000 options over
ordinary shares of 1p each in the capital of the Company ('the
Awarded Options') to directors and senior management.
The Awarded Options include the following amounts to a director
or officer of the Company:
Director |
Number of Options |
Executive Director - Jeremy Martin |
8,000,000 |
Non-Executive Chairman - David Hall |
4,000,000 |
Non-Executive Director - William Fisher |
3,500,000 |
Non-Executive Director - Owen Bavinton |
3,500,000 |
Non-Executive Director - Allan Walker |
3,500,000 |
Chief Financial Officer - Simon Retter |
4,000,000 |
38,150,000 of the Awarded Options have an
exercise price of 4.80p. One third of the options are exercisable
six months from the date of issue, one third 12 months from the
date of issue and one third 18 months from the date of issue.
In addition, 1,500,000 options with an exercise
price of 3.20p have been awarded to a contractor in line with the
previous financial year’s option scheme awards.
The total number of options outstanding is
134,300,000 which represents 9.4% per cent of the current issued
share capital of 1,432,521,800 ordinary shares.
Certain aspects of the award of Awarded Options are subject to
TSX approval.
|
Details of the person discharging managerial
responsibilities/person closely associated |
a) |
Name: |
Jeremy Martin |
|
Reason for the notification |
a) |
Position/status: |
Executive Director |
b) |
Initial notification/Amendment: |
Initial Notification |
|
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
Horizonte Minerals Plc |
b) |
LEI: |
n/a |
|
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 1 penny per share GB00B11DNM70 |
b) |
Nature of the transaction: |
Award of options |
c) |
Price(s) and volume(s): |
Price(s) Volume(s) 4.8p 8,000,000 |
d) |
Aggregated information: · Aggregated volume: ·
Price: |
Single transaction as in 4 c) above Price(s) Volume(s)
n/a n/a |
e) |
Date of the transaction: |
30 May 2018 |
f) |
Place of the transaction: |
London Stock Exchange |
|
Details of the person discharging managerial
responsibilities/person closely associated |
a) |
Name: |
David Hall |
|
Reason for the notification |
a) |
Position/status: |
Non-Executive Chairman |
b) |
Initial notification/Amendment: |
Initial Notification |
|
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
Horizonte Minerals Plc |
b) |
LEI: |
n/a |
|
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 1 penny per share GB00B11DNM70 |
b) |
Nature of the transaction: |
Award of options |
c) |
Price(s) and volume(s): |
Price(s) Volume(s) 4.8p 4,000,000 |
d) |
Aggregated information: · Aggregated volume: ·
Price: |
Single transaction as in 4 c) above Price(s) Volume(s)
n/a n/a |
e) |
Date of the transaction: |
30 May 2018 |
f) |
Place of the transaction: |
London Stock Exchange |
|
Details of the person discharging managerial
responsibilities/person closely associated |
a) |
Name: |
William Fisher |
|
Reason for the notification |
a) |
Position/status: |
Non-Executive Director |
b) |
Initial notification/Amendment: |
Initial Notification |
|
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
Horizonte Minerals Plc |
b) |
LEI: |
n/a |
|
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 1 penny per share GB00B11DNM70 |
b) |
Nature of the transaction: |
Award of options |
c) |
Price(s) and volume(s): |
Price(s) Volume(s) 4.8p 3,500,000 |
d) |
Aggregated information: · Aggregated volume: ·
Price: |
Single transaction as in 4 c) above Price(s) Volume(s)
n/a n/a |
e) |
Date of the transaction: |
30 May 2018 |
f) |
Place of the transaction: |
London Stock Exchange |
|
Details of the person discharging managerial
responsibilities/person closely associated |
a) |
Name: |
Owen Bavinton |
|
Reason for the notification |
a) |
Position/status: |
Non-Executive Director |
b) |
Initial notification/Amendment: |
Initial Notification |
|
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
Horizonte Minerals Plc |
b) |
LEI: |
n/a |
|
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 1 penny per share GB00B11DNM70 |
b) |
Nature of the transaction: |
Award of options |
c) |
Price(s) and volume(s): |
Price(s) Volume(s) 4.8p 3,500,000 |
d) |
Aggregated information: · Aggregated volume: ·
Price: |
Single transaction as in 4 c) above Price(s) Volume(s)
n/a n/a |
e) |
Date of the transaction: |
30 May 2018 |
f) |
Place of the transaction: |
London Stock Exchange |
|
Details of the person discharging managerial
responsibilities/person closely associated |
a) |
Name: |
Allan Walker |
|
Reason for the notification |
a) |
Position/status: |
Non-Executive Director |
b) |
Initial notification/Amendment: |
Initial Notification |
|
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
Horizonte Minerals Plc |
b) |
LEI: |
n/a |
|
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 1 penny per share GB00B11DNM70 |
b) |
Nature of the transaction: |
Award of options |
c) |
Price(s) and volume(s): |
Price(s) Volume(s) 4.8p 3,500,000 |
d) |
Aggregated information: · Aggregated volume: ·
Price: |
Single transaction as in 4 c) above Price(s) Volume(s)
n/a n/a |
e) |
Date of the transaction: |
30 May 2018 |
f) |
Place of the transaction: |
London Stock Exchange |
|
Details of the person discharging managerial
responsibilities/person closely associated |
a) |
Name: |
Simon Retter |
|
Reason for the notification |
a) |
Position/status: |
Chief Financial Officer |
b) |
Initial notification/Amendment: |
Initial Notification |
|
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction monitor |
a) |
Name: |
Horizonte Minerals Plc |
b) |
LEI: |
n/a |
|
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 1 penny per share GB00B11DNM70 |
b) |
Nature of the transaction: |
Award of options |
c) |
Price(s) and volume(s): |
Price(s) Volume(s) 4.8p 4,000,000 |
d) |
Aggregated information: · Aggregated volume: ·
Price: |
Single transaction as in 4 c) above Price(s) Volume(s)
n/a n/a |
e) |
Date of the transaction: |
30 May 2018 |
f) |
Place of the transaction: |
London Stock Exchange |
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
For further information visit
www.horizonteminerals.com or contact:
Contacts:
Horizonte Minerals plc.
Jeremy Martin (CEO)
+44 (0)203 356 2901
Numis Securities Limited (Broker)
John Prior/James Black/Paul Gillam
+44 (0)207 260 1000
FinnCap Ltd (NOMAD & Joint Broker)
Christopher Raggett/ James Thompson /
Anthony Adams / Emily Morris
+44 (0) 20 7220 0500
Shard Capital (Joint Broker)
Damon Heath / Erik Woolgar
+44 (0) 20 7186 9952
Tavistock (Financial PR)
Gareth Tredway / Jos Simson / Barney Hayward
+44 (0) 20 7920 3150
About Horizonte Minerals:
Horizonte Minerals plc is an AIM and TSX-listed
nickel development company focused in Brazil, which wholly owns the
advanced Araguaia nickel laterite project located south of Carajás
and the Vermelho nickel-cobalt project located in the Carajás
mineral district of northern Brazil.
The Company is developing Araguaia as the next
major nickel mine in Brazil, with targeted production by
2021. The Project has good infrastructure in place including
rail, road, water and power.
Horizonte has a supportive shareholder structure
including Teck Resources Limited, Canaccord Genuity Group, Richard
Griffiths, Lombard Odier Asset Management (Europe) Limited, JP
Morgan, City Financial and Glencore.
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING
INFORMATION
Except for statements of historical fact
relating to the Company, certain information contained in this
press release constitutes “forward-looking information” under
Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements with respect to the
potential of the Company’s current or future property mineral
projects; the success of exploration and mining activities; cost
and timing of future exploration, production and development; the
estimation of mineral resources and reserves and the ability of the
Company to achieve its goals in respect of growing its mineral
resources, and the realization of mineral resource and reserve
estimates. Generally, forward-looking information can be identified
by the use of forward-looking terminology such as “plans”,
“expects” or “does not expect”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or
“does not anticipate”, or “believes”, or variations of such words
and phrases or statements that certain actions, events or results
“may”, “could”, “would”, “might” or “will be taken”, “occur” or “be
achieved”. Forward-looking information is based on the reasonable
assumptions, estimates, analysis and opinions of management made in
light of its experience and its perception of trends, current
conditions and expected developments, as well as other factors that
management believes to be relevant and reasonable in the
circumstances at the date that such statements are made, and are
inherently subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially
different from those expressed or implied by such forward-looking
information, including but not limited to risks related to:
exploration and mining risks, competition from competitors with
greater capital; the Company’s lack of experience with respect to
development-stage mining operations; fluctuations in metal prices;
uninsured risks; environmental and other regulatory requirements;
exploration, mining and other licences; the Company’s future
payment obligations; potential disputes with respect to the
Company’s title to, and the area of, its mining concessions; the
Company’s dependence on its ability to obtain sufficient financing
in the future; the Company’s dependence on its relationships with
third parties; the Company’s joint ventures; the potential of
currency fluctuations and political or economic instability
in countries in which the Company operates; currency exchange
fluctuations; the Company’s ability to manage its growth
effectively; the trading market for the ordinary shares of the
Company; uncertainty with respect to the Company’s plans to
continue to develop its operations and new projects; the Company’s
dependence on key personnel; possible conflicts of interest of
directors and officers of the Company, and various risks associated
with the legal and regulatory framework within which the Company
operates. Although management of the Company has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements.
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