TIDMCRCL
RNS Number : 4512Y
Corcel PLC
12 May 2021
Corcel PLC
("Corcel" or the "Company")
Issue of Shares under Share Incentive Plan and Director's
Dealings
12 May 2021
Corcel Plc, ("Corcel" or "the Company"), the natural resource
exploration and development company with interests in battery
metals and flexible grid solutions, announces that on 12 May 2021,
the Company was notified that James Parsons, Chairman, sold and
repurchased within a SIPP an aggregate 3,089,773 ordinary shares of
GBP0.0001 each in the Company ("Ordinary Shares").
Specifically, on 12 May 2021, James Parsons sold a total of
3,089,773 Ordinary Shares at a price of GBP0.021 per Ordinary Share
and on 12 May 2021 repurchased 3,089,773 Ordinary Shares at a price
of GBP0.022 per Ordinary Share.
Following the transaction, Mr. Parsons remains beneficially
interested in 3,089,773 Ordinary Shares, which equates to 0.80% of
the Company's total issued share capital.
Issue of Shares under Share Incentive Plan
On 12 May 2021, the Board of Directors approved the issuance of
1,116,994 ordinary shares of GBP0.0001 each in the Company ("New
Ordinary Shares") under the Company's Share Incentive Plan ("SIP")
for the 2020/21 tax year as agreed in the Trustees meeting held on
1 April 2021.
Director's Participation
In respect of the 2020/2021 tax year, Mr. Kaintz has purchased
and been awarded 803,951 New Ordinary Shares under the SIP. These
shares issued to Mr. Kaintz have been included in the table below,
which sets out the total shareholding and interests of the Director
in the enlarged share capital of the Company.
Scott Kaintz 803,951 1,863,467 1,754,275* 3,617,742 0.94% 2,185,417 3,164,767
-------------- -------- ---------- ----------- ---------- ------ ---------- ----------
* Mr. S. Kaintz is a beneficiary of 1,754,275 shares held on his
behalf by Corcel Plc Share Incentive Plan Trustees.
Admission to trading on AIM and Total Voting Rights
Application is being made to AIM for 1,116,994 New Ordinary
Shares allotted in relation to the SIP for 2020/21 tax year to be
admitted to trading on AIM. Admission of the 1,116,994 New Ordinary
Shares is expected on or around 18 May 2021.
Following the issue of the 1,116,994 New Ordinary Shares, the
issued share capital of the Company consists of 384,787,602
ordinary shares of GBP0.0001 each with voting rights. No ordinary
shares are held in Treasury.
The above figure of 384,787,602 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 a change to
their interest in the Company under the Disclosure and Transparency
Rules.
For Further Information Contact:
Scott Kaintz 0207 747 9960 Executive Director Corcel Plc
Roland Cornish/Rosalind Hill Abrahams 0207 628 3396 NOMAD
Beaumont Cornish Limited
Thomas Smith 020 7392 1432 Broker Monecor (London) Ltd (ETX
Capital)
Simon Woods 0207 3900 230 IR Vigo Communications
This announcement contains inside information under Article 7 of
Regulation (EU) 596/2014.
1 Details of t he p erson disc harging managerial responsib ilities
/ p erson closely associated
a) Name James Parsons
------------------------------ ----------------------------------------------------
2 Reason for notification
------------------------------------------------------------------------------------
a) Position / status Executive Chairman, PDMR
------------------------------ ----------------------------------------------------
b) I nitial notification Initial Notification
/Amendment
------------------------------ ----------------------------------------------------
3 Details of t he issu er, e mission allow a n ce m a r k et participan
t, au ct ionplat for m, au ction eer or auc tion monitor
------------------------------------------------------------------------------------
a) Name Corcel Plc
------------------------------ ----------------------------------------------------
b) LEI LEI: 2138009ECXQQ3EGKVY57
------------------------------ ----------------------------------------------------
4 Details of t he t ransact ion (s): section to be re p eated
for ( i) e a ch type ofinstr u m e n t; (ii) each type of transac
tion; (iii) each date; and ( iv) each place w h ere transactions
have b een condu cted
------------------------------------------------------------------------------------
a) Description of the Ordinary shares of GBP0.0001 each in Corcel
financial instrument, Plc
t ype of instrument
I d e ntification ISIN GB00BKM69866
code
------------------------------ ----------------------------------------------------
Nature of the transaction Sale of 3,089,773 Ordinary Shares of GBP0.0001
at a price of GBP0.021 per share.
Purchase of 3,089,773 Ordinary Shares of GBP0.0001
at a price of GBP0.022 per share.
------------------------------ ----------------------------------------------------
c) Price(s) and volumes(s) Name(s) Price(s) Volumes(s)
James Parson GBP0.021 3,089,773
GBP0.022 3,089,773
------------------------- -----------
------------------------------ ----------------------------------------------------
d) Aggregated information N/A
* Aggregated Volume
N/A
N/A
* Aggregated Price
------------------------------ ----------------------------------------------------
e) Date of the transaction 12 May 2021
------------------------------ ----------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------ ----------------------------------------------------
1 Details of t he p erson disc harging managerial responsib ilities
/ p erson closely associated
a) Name Scott Kaintz
------------------------------ --------------------------------------------
2 Reason for notification
----------------------------------------------------------------------------
a) Position / status Executive Director, PDMR
------------------------------ --------------------------------------------
b) I nitial notification Initial Notification
/Amendment
------------------------------ --------------------------------------------
3 Details of t he issu er, e mission allow a n ce m a r k et participan
t, au ct ionplat for m, au ction eer or auc tion monitor
----------------------------------------------------------------------------
a) Name Corcel Plc
------------------------------ --------------------------------------------
b) LEI LEI: 2138009ECXQQ3EGKVY57
------------------------------ --------------------------------------------
4 Details of t he t ransact ion (s): section to be re p eated
for ( i) e a ch type ofinstr u m e n t; (ii) each type of transac
tion; (iii) each date; and ( iv) each place w h ere transactions
have b een condu cted
----------------------------------------------------------------------------
a) Description of the Ordinary shares of GBP0.0001 each in Corcel
financial instrument, Plc
t ype of instrument
I d e ntification ISIN GB00BKM69866
code
------------------------------ --------------------------------------------
Nature of the transaction Issue of ordinary shares under Corcel Plc
Share Incentive Plan
------------------------------ --------------------------------------------
c) Price(s) and volumes(s) Name(s) Price(s) Volumes(s)
Scott Kaintz GBP0.0115 313,043
GBP0.0110 490,908
--------------------------- -----------
------------------------------ --------------------------------------------
d) Aggregated information
* Aggregated Volume
803,951 shares
* Aggregated Price GBP0.011195
------------------------------ --------------------------------------------
e) Date of the transaction 12 May 2021
------------------------------ --------------------------------------------
f) Place of the transaction Outside of trading venue
------------------------------ --------------------------------------------
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END
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