TIDMBHL
RNS Number : 7833L
Bradda Head Holdings Ltd
15 September 2021
15 September 2021
Bradda Head Holdings Limited
("Bradda Head", "Bradda", or the "Company")
Name Change and Award of Options
Bradda Head (AIM: BHL) is pleased to announce that the Company
has decided to change its name as well as awarding members of the
Board and management share options.
Name Change
The Company proposes to change its name to Bradda Head Lithium
Limited to better reflect the Company's business and focus. The
Company's ticker on AIM (BHL) will remain the same post this
change, as will the Company's ISIN. Trading on AIM under the new
name is expected to become effective from 8.00am on Wednesday 22
September 2021.
Award of Options
As set out in the Company's AIM Admission Document, recognising
the performance of members of the management and executive team in
recent months, and to additionally incentivise management during
the Company's upcoming exploration programme, the Board has
resolved to issue 4,000,000 Options to acquire ordinary shares at
an exercise price of 9p to management and certain Board members,
with the exercise price representing a premium of 20% to the
closing share price of 7.5p on 13 September 2021.
Options for management and directors, are subject to the
following conditions:
- Options issued vest immediately;
- Are exercisable for a period of five years from date of issue; and
- The awards of options should lapse upon any participant no
longer being an employee or connected person remunerated by the
Company.
Directors and management included in the award are detailed in
the table below:
Director Current Options New Options Total Options
Held awarded Held
Ian Stalker
(Chair) 13,000,000 1,250,000 14,250,000
---------------- ------------ --------------
Charles FitzRoy
(CEO) 4,500,000 1,500,000 6,000,000
---------------- ------------ --------------
Jim Guilinger 1,460,252 500,000 1,960,252
---------------- ------------ --------------
John Keller - 500,000 500,000
---------------- ------------ --------------
Piotr Schabik
(CFO) 500,000 250,000 750,000
---------------- ------------ --------------
The total number of Options in the Company is now 23,606,277
representing 7.4% of the Company's fully diluted share capital.
For further information please visit the Company's website:
www.braddaheadltd.com
Contact:
Bradda Head Holdings Limited +44 (0) 1624 639 396
Charlie FitzRoy, CEO
Denham Eke, Finance Director
Beaumont Cornish (Nomad)
James Biddle/Roland Cornish +44 20 7220 1666
Peterhouse (Joint Broker) +44 207 469 0930
Charles Goodfellow
Duncan Vasey
Lucy Williams
Shard Capital (Joint Broker) +44 207 186 9927
Isabella Pierre
Tavistock (PR) + 44 20 7920 3150
Nick Elwes braddahead@tavistock.co.uk
Oliver Lamb
Adam Baynes
Notes to Editors
Bradda Head Holdings Ltd is a North America-focused lithium
development group. The Company currently has interests in a variety
of lithium projects, the most advanced of which are in Central and
Western Arizona: the Burro Creek project (Burro Creek East Project,
and the Burro Creek West Project) and the Wikieup Project.
The Burro Creek East Project has an estimated an Inferred
Mineral Resource (JORC) of 42.6 Mt of lithium bearing clays at an
average grade of 818 ppm of lithium for 185,000 tonnes of lithium
carbonate equivalent (LCE). The Burro Creek East Project also has
additional exploration potential for extensions to the current
model of between 50,000 to 300,000 tonnes of lithium carbonate
equivalent.
The Group intends to continue to develop its three phase one
projects in Arizona, whilst endeavouring to unlock value at its
other prospective pegmatite and brine assets in Arizona, Nevada and
Pennsylvania.
All Bradda Head's licences are held on a 100% equity basis and
are in close proximity to the required infrastructure.
Bradda Head is listed on the AIM market of the London Stock
Exchange with the ticker of BHL.
Director and PDMR Shareholding Disclosures
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ian Stalker
-------------------------------- ---------------------------------
2 Reason for notification
-------------------------------------------------------------------
a) Position / status Chairman
-------------------------------- ---------------------------------
b) Initial Notification /Amendment Initial
-------------------------------- ---------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Bradda Head Holdings Limited
-------------------------------- ---------------------------------
b) LEI LEI: 213800T879QQXKR2WN54
-------------------------------- ---------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type ofinstrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a) Description of the financial Ordinary shares of no par value
instrument, type of instrument each
Identification code ISIN: VGG154091083
-------------------------------- ---------------------------------
b) Nature of the transaction Purchase of shares
-------------------------------- ---------------------------------
c) Price(s) and volumes(s) Price(s) Volumes(s)
9 pence 1,250,000
-----------
-------------------------------- ---------------------------------
d) Aggregated information n/a
-------------------------------- ---------------------------------
e) Date of the transaction 14 September 2021
-------------------------------- ---------------------------------
f) Place of the transaction London Stock Exchange, AIM (LON)
-------------------------------- ---------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Charles FitzRoy
-------------------------------- ---------------------------------
2 Reason for notification
-------------------------------------------------------------------
a) Position / status CEO
-------------------------------- ---------------------------------
b) Initial Notification /Amendment Initial
-------------------------------- ---------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Bradda Head Holdings Limited
-------------------------------- ---------------------------------
b) LEI LEI: 213800T879QQXKR2WN54
-------------------------------- ---------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type ofinstrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a) Description of the financial Ordinary shares of no par value
instrument, type of instrument each
Identification code ISIN: VGG154091083
-------------------------------- ---------------------------------
b) Nature of the transaction Purchase of shares
-------------------------------- ---------------------------------
c) Price(s) and volumes(s) Price(s) Volumes(s)
9 pence 1,500,000
-----------
-------------------------------- ---------------------------------
d) Aggregated information n/a
-------------------------------- ---------------------------------
e) Date of the transaction 14 September 2021
-------------------------------- ---------------------------------
f) Place of the transaction London Stock Exchange, AIM (LON)
-------------------------------- ---------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jim Guilinger
-------------------------------- ---------------------------------
2 Reason for notification
-------------------------------------------------------------------
a) Position / status COO
-------------------------------- ---------------------------------
b) Initial Notification /Amendment Initial
-------------------------------- ---------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Bradda Head Holdings Limited
-------------------------------- ---------------------------------
b) LEI LEI: 213800T879QQXKR2WN54
-------------------------------- ---------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type ofinstrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a) Description of the financial Ordinary shares of no par value
instrument, type of instrument each
Identification code ISIN: VGG154091083
-------------------------------- ---------------------------------
b) Nature of the transaction Purchase of shares
-------------------------------- ---------------------------------
c) Price(s) and volumes(s) Price(s) Volumes(s)
9 pence 500,000
-----------
-------------------------------- ---------------------------------
d) Aggregated information n/a
-------------------------------- ---------------------------------
e) Date of the transaction 14 September 2021
-------------------------------- ---------------------------------
f) Place of the transaction London Stock Exchange, AIM (LON)
-------------------------------- ---------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name John Keller
-------------------------------- ---------------------------------
2 Reason for notification
-------------------------------------------------------------------
a) Position / status Chief Geologist
-------------------------------- ---------------------------------
b) Initial Notification /Amendment Initial
-------------------------------- ---------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Bradda Head Holdings Limited
-------------------------------- ---------------------------------
b) LEI LEI: 213800T879QQXKR2WN54
-------------------------------- ---------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type ofinstrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a) Description of the financial Ordinary shares of no par value
instrument, type of instrument each
Identification code ISIN: VGG154091083
-------------------------------- ---------------------------------
b) Nature of the transaction Purchase of shares
-------------------------------- ---------------------------------
c) Price(s) and volumes(s) Price(s) Volumes(s)
9 pence 500,000
-----------
-------------------------------- ---------------------------------
d) Aggregated information n/a
-------------------------------- ---------------------------------
e) Date of the transaction 14 September 2021
-------------------------------- ---------------------------------
f) Place of the transaction London Stock Exchange, AIM (LON)
-------------------------------- ---------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Piotr Schabik
-------------------------------- ---------------------------------
2 Reason for notification
-------------------------------------------------------------------
a) Position / status CFO
-------------------------------- ---------------------------------
b) Initial Notification /Amendment Initial
-------------------------------- ---------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Bradda Head Holdings Limited
-------------------------------- ---------------------------------
b) LEI LEI: 213800T879QQXKR2WN54
-------------------------------- ---------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type ofinstrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a) Description of the financial Ordinary shares of no par value
instrument, type of instrument each
Identification code ISIN: VGG154091083
-------------------------------- ---------------------------------
b) Nature of the transaction Purchase of shares
-------------------------------- ---------------------------------
c) Price(s) and volumes(s) Price(s) Volumes(s)
9 pence 250,000
-----------
-------------------------------- ---------------------------------
d) Aggregated information n/a
-------------------------------- ---------------------------------
e) Date of the transaction 14 September 2021
-------------------------------- ---------------------------------
f) Place of the transaction London Stock Exchange, AIM (LON)
-------------------------------- ---------------------------------
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END
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