Empire Metals Limited Grant of Options (0486V)
November 29 2023 - 1:25AM
UK Regulatory
TIDMEEE
RNS Number : 0486V
Empire Metals Limited
29 November 2023
Empire Metals Limited / LON : EEE / Sector: Natural
Resources
29 November 2023
Empire Metals Limited
("Empire" or "the Company")
Grant of Options
Empire Metals Limited (LON: EEE), the AIM-quoted resource
exploration and development company, announces that the
Remuneration Committee has agreed to issue options over a total of
8,400,000 ordinary shares of no-par value in the capital of the
Company at an exercise price of 8.6 pence ('Share Options') to
Directors. The Share Options will vest immediately and will expire
on 28 November 2028.
The Share Options represent in aggregate 1.48% of the existing
issued ordinary share capital of the Company and have been issued
to directors in line with the Company's ongoing incentive plans.
Following the grant of the Share Options, in aggregate there will
be 56,700,000 ordinary shares of no par value of the Company under
option to directors and employees of the Company, representing
9.99% of the existing issued ordinary share capital of the
Company.
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, as incorporated into UK law by the
European Union (Withdrawal) Act 2018, until the release of this
announcement.
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: Shaun Bunn
----------------------------------------- -----------------------------------------
2. Reason for the notification
------------------------------------------------------------------------------------
a) Position/status: Managing Director
----------------------------------------- -----------------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a) Name: Empire Metals Limited
----------------------------------------- -----------------------------------------
b) LEI: 2138002IOR7OCZZPB279
----------------------------------------- -----------------------------------------
4. 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, Share options over ordinary
type of instrument: shares of no par value
Identification code: VGG9688A1003
----------------------------------------- -----------------------------------------
b) Nature of the transaction: Grant of options over
ordinary shares
----------------------------------------- -----------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
8.6 pence 2,800,000
----------
----------------------------------------- -----------------------------------------
d) Aggregated information: Single transactions
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: 8.6 pence 2,800,000
----------
----------------------------------------- -----------------------------------------
e) Date of the transaction: 2023-11-29
07:05 hrs UTC
----------------------------------------- -----------------------------------------
f) Place of the transaction: Outside a trading venue
----------------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Neil O'Brien
----------------------------------------- --------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------------
a) Position/status: Non-Executive Chairman
----------------------------------------- --------------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- --------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name: Empire Metals Limited
----------------------------------------- --------------------------------------
b) LEI: 2138002IOR7OCZZPB279
----------------------------------------- --------------------------------------
4. 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, Share options over ordinary
type of instrument: shares of no par value
Identification code: VGG9688A1003
----------------------------------------- --------------------------------------
b) Nature of the transaction: Grant of options over
ordinary shares
----------------------------------------- --------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
8.6 pence 1,610,000
----------
----------------------------------------- --------------------------------------
d) Aggregated information: Single transactions as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: 8.6 pence 1,610,000
----------
----------------------------------------- --------------------------------------
e) Date of the transaction: 2023-11-29
07:05 hrs UTC
----------------------------------------- --------------------------------------
f) Place of the transaction: Outside a trading venue
----------------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Gregory Kuenzel
----------------------------------------- --------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------------
a) Position/status: Finance Director
----------------------------------------- --------------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- --------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name: Empire Metals Limited
----------------------------------------- --------------------------------------
b) LEI: 2138002IOR7OCZZPB279
----------------------------------------- --------------------------------------
4. 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, Share options over ordinary
type of instrument: shares of no par value
Identification code: VGG9688A1003
----------------------------------------- --------------------------------------
b) Nature of the transaction: Grant of options over
ordinary shares
----------------------------------------- --------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
8.6 pence 2,450,000
----------
----------------------------------------- --------------------------------------
d) Aggregated information: Single transactions as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: 8.6 pence 2,450,000
----------
----------------------------------------- --------------------------------------
e) Date of the transaction: 2023-11-29
07:05 hrs UTC
----------------------------------------- --------------------------------------
f) Place of the transaction: Outside a trading venue
----------------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Peter Damouni
----------------------------------------- --------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------------
a) Position/status: Non-Executive Director
----------------------------------------- --------------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- --------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name: Empire Metals Limited
----------------------------------------- --------------------------------------
b) LEI: 2138002IOR7OCZZPB279
----------------------------------------- --------------------------------------
4. 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, Share options over ordinary
type of instrument: shares of no par value
Identification code: VGG9688A1003
----------------------------------------- --------------------------------------
b) Nature of the transaction: Grant of options over
ordinary shares
----------------------------------------- --------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
8.6 pence 1,540,000
----------
----------------------------------------- --------------------------------------
d) Aggregated information: Single transactions as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: 8.6 pence 1,540,000
----------
----------------------------------------- --------------------------------------
e) Date of the transaction: 2023-11-29
07:05 hrs UTC
----------------------------------------- --------------------------------------
f) Place of the transaction: Outside a trading venue
----------------------------------------- --------------------------------------
**ENDS**
For further information please visit www.empiremetals.co.uk or contact:
Empire Metals Ltd Tel: 020 4583 1440
Shaun Bunn / Greg Kuenzel
S. P. Angel Corporate Finance LLP Tel: 020 3470 0470
(Nomad & Broker)
Ewan Leggat / Adam Cowl
-------------------
Shard Capital Partners LLP (Joint Tel: 020 7186 9950
Broker)
Damon Heath
-------------------
St Brides Partners Ltd (Financial Tel: 020 7236 1177
PR)
Susie Geliher / Ana Ribeiro
-------------------
About Empire Metals Limited
Empire Metals is an AIM-listed (LON: EEE) exploration and
resource development company with a project portfolio comprising
copper, titanium and gold interests in Australia and Austria.
The Company's strategy is to develop a pipeline of projects at
different stages in the development curve. Its current focus is on
the Pitfield Project in Western Australia, which has demonstrated
to contain a newly recognised giant mineral system that hosts a
globally significant titanium discovery. The Company is also
advancing the Eclipse-Gindalbie Project in Western Australia, which
is prospective for high-grade gold and also kaolin used to produce
high-purity alumina, an essential component in lithium-ion
batteries.
The Company also has two further exploration projects in
Australia; the Walton Project in Western Australia, and the Stavely
Project in the Stavely Arc region of Victoria, in addition to three
precious metals projects located in a historically high-grade gold
producing region of Austria.
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END
DSHFEESWUEDSEEF
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