FOR IMMEDIATE
RELEASE
27
MARCH 2024
Capital
Limited
("Capital", the "Group" or
the "Company")
Issue of Equity, Director /
PDMR shareholding and Total Voting Rights
Capital (LSE: CAPD), a leading mining
services company, today announces that it has issued a total of
2,560,204 new common shares ("Shares"); comprising
1,249,506 Shares to
employees pursuant to the terms of the Company's Short Term
Incentive Plan ("STIP") and 1,310,698
Shares to employees pursuant to the Company's Long Term Incentive
Plan ("LTIP"). The new Shares issued will rank pari passu with the
Company's existing Shares.
STIP
Pursuant to the terms of the
Company's Short Term Incentive Plan from its awards in 2022, of
the 1,249,506 Shares issued, Directors of the Company received 504,527
Shares and other PDMRs of the Company have received a total of
51,610 Shares:
1.
317,066 Shares awarded to Jamie Boyton, Executive
Chair of the Company, at a price of £0.92 per Share. This
represents a previously approved award with a share price value
date of 17 March 2023;
2.
50,488 Shares awarded to Peter Stokes, Chief
Executive Officer of the Company, at a price of £0.92 per Share.
This represents a previously approved award with a share price
value date of 17 March 2023; and
3.
136,973 Shares awarded to
Brian Rudd, Executive Director of the Company, at a price of £0.92
per Share. This represents a previously approved award with a share
price value date of 17 March 2023.
LTIP
Following the vesting of the LTIPs
awarded in 2021, in accordance with the LTIP's terms, the Company
received notices of exercise from all the option holders.
Performance conditions attaching to the awards
pursuant to the LTIP for the three years ended 31 December 2023,
details of which are set out in the Company's annual report, have
been met.
Pursuant to the terms of the
Company's 2021 LTIP, of the 1,310,698 Shares issued, Directors of
the Company received 655,956 Shares and other PDMRs of the Company
have received a total of 75,921 Shares:
1.
455,525 Shares awarded to Jamie
Phillip Boyton, Executive
Chair of the Company, at an exercise price of $0.0001 per Share
under the Group's LTIP; and
2. 200,431 Shares
awarded to Brian Rudd, Executive Director of the Company, at an
exercise price of $0.0001 per Share under the Group's
LTIP.
Application has been made to the
London Stock Exchange and admission of the new 2,560,204 Shares is
expected on or around 28 March 2024, following which; the Company's
issued share capital will comprise 196,257,124 Shares of $0.0001 each.
This figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or change to their interest in, the
Company under the FCA's Disclosure and Transparency
Rules.
-
ENDS -
For
further information, please visit Capital's website
www.capdrill.com or contact:
Capital Limited
investor@capdrill.com
Peter Stokes, Chief Executive
Officer
Rick Robson, Chief Financial
Officer
Conor Rowley, Corporate Development
& Investor Relations
Tamesis Partners LLP
+44 20 3882 2868
Charlie Bendon
Richard Greenfield
Stifel Nicolaus Europe Limited
+44 20 7710 7600
Ashton Clanfield
Callum Stewart
Rory Blundell
Buchanan
+44 20 7466 5000
Bobby
Morse
capital@buchanan.uk.com
George Pope
About Capital Limited
Capital Limited is a leading mining
services company providing a complete range of drilling, mining,
maintenance and geochemical laboratory solutions to customers
within the global minerals industry. The Company's services
include: exploration, delineation and production drilling; load and
haul services; maintenance; and geochemical analysis. The Group's
corporate headquarters are in the United Kingdom and it has
established operations in Côte d'Ivoire, Canada, Democratic
Republic of Congo, Egypt, Gabon, Ghana, Guinea, Kenya, Mali,
Mauritania, Nigeria, Pakistan, Saudi Arabia, Tanzania and the
United States of America.
Notification of transactions
by PDMRs
|
1.
|
Details of the person
discharging managerial responsibilities / person closely
associated
|
|
a.
|
Name
|
Jamie Boyton
|
|
2.
|
Reason for the
notification
|
|
a.
|
Position/status
|
Executive Chair
|
|
b.
|
Initial
notification/Amendment
|
Initial
notification
|
|
3.
|
Details of the issuer,
emission allowance market participant, auction platform, auctioneer
or auction monitor
|
|
a.
|
Name
|
Capital
Limited
|
|
b.
|
LEI
|
213800XG175G91JW8W37
|
|
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, type of instrument Identification code
|
Common shares of $0.0001 each
BMG022411000
|
|
b.
|
Nature of
the transaction
|
Award of
common shares
|
|
c.
|
Price(s)
and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.92
|
317,066
|
|
$0.0001
|
455,525
|
|
|
d.
|
Aggregated
information
·
Aggregated volume
·
Price
|
See above
|
|
e.
|
Date of the
transaction
|
27 March
2024
|
|
f.
|
Place of
the transaction
|
Outside of
trading venue
|
|
1.
|
Details of the person
discharging managerial responsibilities / person closely
associated
|
|
a.
|
Name
|
Peter Viktor Stokes
|
|
2.
|
Reason for the
notification
|
|
a.
|
Position/status
|
Chief Executive Officer
|
|
b.
|
Initial
notification/Amendment
|
Initial
notification
|
|
3.
|
Details of the issuer,
emission allowance market participant, auction platform, auctioneer
or auction monitor
|
|
a.
|
Name
|
Capital
Limited
|
|
b.
|
LEI
|
213800XG175G91JW8W37
|
|
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, type of instrument Identification code
|
Common shares of $0.0001 each
BMG022411000
|
|
b.
|
Nature of
the transaction
|
Award of
common shares
|
|
c.
|
Price(s)
and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.92
|
50,488
|
|
|
|
|
|
d.
|
Aggregated
information
·
Aggregated volume
·
Price
|
n/a
|
|
e.
|
Date of the
transaction
|
27 March
2024
|
|
f.
|
Place of
the transaction
|
Outside of
trading venue
|
|
1.
|
Details of the person
discharging managerial responsibilities / person closely
associated
|
|
a.
|
Name
|
Brian Rudd
|
|
2.
|
Reason for the
notification
|
|
a.
|
Position/status
|
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
|
Capital
Limited
|
|
b.
|
LEI
|
213800XG175G91JW8W37
|
|
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, type of instrument Identification code
|
Common shares of $0.0001 each
BMG022411000
|
|
b.
|
Nature of
the transaction
|
Award of
common shares
|
|
c.
|
Price(s)
and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.92
|
136,973
|
|
$0.0001
|
200,431
|
|
|
d.
|
Aggregated
information
·
Aggregated volume
·
Price
|
See above
|
|
e.
|
Date of the
transaction
|
27 March
2024
|
|
f.
|
Place of
the transaction
|
Outside of
trading venue
|
|
1.
|
Details of the person
discharging managerial responsibilities / person closely
associated
|
|
a.
|
Name
|
Rick Robson
|
|
2.
|
Reason for the
notification
|
|
a.
|
Position/status
|
Chief Financial Officer
|
|
b.
|
Initial
notification/Amendment
|
Initial
notification
|
|
3.
|
Details of the issuer,
emission allowance market participant, auction platform, auctioneer
or auction monitor
|
|
a.
|
Name
|
Capital
Limited
|
|
b.
|
LEI
|
213800XG175G91JW8W37
|
|
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, type of instrument
Identification code
|
Common shares of $0.0001
each
BMG022411000
|
|
b.
|
Nature of
the transaction
|
Award of
common shares
|
|
c.
|
Price(s)
and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.92
|
51,610
|
|
$0.0001
|
75,921
|
|
|
d.
|
Aggregated
information
·
Aggregated volume
·
Price
|
See above
|
|
e.
|
Date of the
transaction
|
27 March
2024
|
|
f.
|
Place of
the transaction
|
Outside of
trading venue
|