TIDMARK

RNS Number : 7021R

Arkle Resources PLC

09 March 2021

9 March 2021

Arkle Resources PLC

("Arkle" or the "Company")

Grant of Options

Arkle Resources PLC (LON: ARK), the Irish gold and zinc exploration and development company, is pleased to announce that the following long-term, incentive options have today been granted over 3,000,000 ordinary shares of EUR0.0025 in the Company (the "Options"). The Options vest immediately, have an exercise price of 1.8 pence and an expiry date of 8 March 2028. The Options will be distributed between the Directors as follows:

Director Number of Share Options granted

   John Teeling, Non-Executive Chairman                                          1,000,000 ------------------------ 
   David Cockbill, Non-Executive Director                                          1,000,000 ------------------------ 
   James Finn, Financial Director and Company Secretary              1,000,000 ------------------------ 

Following this grant of options, a total of 15,800,000 long-term, incentive options are outstanding, representing approximately 5.2% of the Company's current issued share capital.

ENDS

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.

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. John Teeling 
                                                                  2. David Cockbill 
                                                                  3. J ames Finn 
      -----------------------------------  --------------  -------------------------------------------- 
 2      Reason for the notification 
       ------------------------------------------------------------------------------------------------ 
 a)    Position/status                                           1. Non-Executive Chairman 
                                                                  2. Non-Executive Director 
                                                                  3. Financial Director and Company 
                                                                  Secretary 
      -----------------------------------  --------------  -------------------------------------------- 
 b)    Initial notification                                 Initial notification 
        /Amendment 
      -----------------------------------  --------------  -------------------------------------------- 
 3      Details of the issuer, emission allowance market 
         participant, auction platform, auctioneer or auction 
         monitor 
       ------------------------------------------------------------------------------------------------ 
 a)    Name                                                 Arkle Resources PLC 
      -----------------------------------  --------------  -------------------------------------------- 
 b)    LEI                                                  213800CTOO8MOLMNEQ44 
      -----------------------------------  --------------  -------------------------------------------- 
 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                                       Ordinary shares of EUR0.0025 
        the financial 
        instrument, type 
        of instrument 
 
       Identification                                       E00B2357X72 
        code 
 
 b)    Nature of the                                        Grant of options over ordinary shares 
        transaction 
      -----------------------------------  --------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                            -------------------  -------------------  ----------------- 
                                                                  Price(s)             Volume(s) 
                                            -------------------  -------------------  ----------------- 
                                            1 .                   1 .8 pence           1 ,000,000 
                                            -------------------  -------------------  ----------------- 
                                            2 .                   1 .8 pence           1 ,000,000 
                                            -------------------  -------------------  ----------------- 
                                            3 .                   1 .8 pence           1 ,000,000 
                                            -------------------  -------------------  ----------------- 
 
 d)    Aggregated information                                S ingle transactions as in 4 c) 
                                                              above 
 
  - Aggregated volume                                       3,000,000 
 
       - Price                                               1.8 pence 
 
 e)    Date of the transaction                              2 021-03-09 
      -----------------------------------  --------------  -------------------------------------------- 
 f)    Place of the transaction                             Outside a trading venue 
      -----------------------------------  --------------  -------------------------------------------- 
 
 

ENDS

Enquiries:

 
Arkle Resources PLC 
John Teeling, Chairman              +353 (0) 1 833 2833 
Jim Finn, Finance Director          +353 (0) 1 833 2833 
 
SP Angel Corporate Finance LLP 
 Nominated Adviser & Joint Broker 
Matthew Johnson/Adam Cowl            +44 (0) 203 470 0470 
 
First Equity Limited 
Joint Broker 
Jason Robertson                      +44 (0) 207 374 2212 
 
Blytheweigh                          +44 (0) 207 138 3204 
Megan Ray 
Rachael Brooks 
 
Teneo 
Luke Hogg                            +353 (0) 1 661 4055 
Ross Murphy                          +353 (0) 1 661 4055 
 

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END

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March 09, 2021 12:01 ET (17:01 GMT)