Ecora Resources PLC Notification of transactions by Directors
February 22 2024 - 10:28AM
RNS Regulatory News
RNS Number : 1694E
Ecora Resources PLC
22 February 2024
22 February 2024
Ecora Resources
PLC
("Ecora"
or the "Company")
Notification of transactions
by Directors
Ecora Resources PLC (LSE/TSX: ECOR)
announces that awards of Ordinary Shares ("Shares") were made under
the Company's Long Term Incentive Plan ("LTIP") at nil cost on 20
February 2024 to Directors as detailed below. A share price of
£0.8006, being the 5-day volume weighted average price before grant
as approved by the Company's Remuneration Committee, has been used
to determine the number of shares awarded.
The LTIP provides Directors with
Shares awarded on a conditional basis as determined by the
Remuneration Committee. These awards will vest in February
2027, subject to the satisfaction of performance conditions linked
to total shareholder return, portfolio contribution and adjusted
earnings per share. Any vested Shares will then be subject to a
further holding period of two years and will be released in
February 2029.
Director Share Dealings - Further
information
The notifications below, made in
accordance with the requirements of the UK version of the Market
Abuse Regulation (596/2014/EU)[1], provides further detail in respect
of the transactions as described at the beginning of this
announcement.
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a.
|
Name
|
Mr.
Marc Bishop Lafleche
|
|
2.
|
Reason for the notification
|
|
a.
|
Position/status
|
Chief Executive Officer of Ecora Resources
PLC
|
|
b.
|
Initial
notification/Amendment
|
Initial Notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Ecora Resources PLC
|
|
b.
|
LEI
|
213800LXSV317746JZ71
|
|
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
|
2p
Ordinary Shares
GB0006449366
|
|
b.
|
Nature of the transaction
|
Award of Shares under the terms of the Ecora Resources PLC
Long-Term Incentive Plan 2021. Subject to the satisfaction of
performance conditions, the award will vest in February 2027; the
Shares will then be subject to a further holding period of two
years and will be released in February 2029.
|
|
c.
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
0.00p
|
882,367
|
|
|
d.
|
Aggregated information
· Aggregated
volume
· Price
|
882,367
0.00p
|
|
e.
|
Date of the transaction
|
20
February 2024
|
|
f.
|
Place of the transaction
|
London Stock Exchange, Main Market
(XLON)
|
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a.
|
Name
|
Mr.
Kevin Flynn
|
|
2.
|
Reason for the notification
|
|
a.
|
Position/status
|
Chief Financial Officer of Ecora Resources
PLC
|
|
b.
|
Initial
notification/Amendment
|
Initial Notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Ecora Resources PLC
|
|
b.
|
LEI
|
213800LXSV317746JZ71
|
|
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
|
2p
Ordinary Shares
GB0006449366
|
|
b.
|
Nature of the transaction
|
Award of Shares under the terms of the Ecora Resources PLC
Long-Term Incentive Plan 2021. Subject to the satisfaction of
performance conditions, the award will vest in February 2027; the
Shares will then be subject to a further holding period of two
years and will be released in February 2029.
|
|
c.
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
0.00p
|
522,598
|
|
|
d.
|
Aggregated information
· Aggregated
volume
· Price
|
522,598
0.00p
|
|
e.
|
Date of the transaction
|
20
February 2024
|
|
f.
|
Place of the transaction
|
London Stock Exchange, Main Market
(XLON)
|
For further information:
|
Ecora Resources PLC
|
+44 (0) 20 3435
7400
|
|
Jason Gray - Company
Secretary
|
|
|
|
|
|
Camarco
Gordon Poole / Owen Roberts / Elfie
Kent
|
+44 (0) 20 3757
4997
|
|
Website:
|
www.ecora-resources.com
|
[1]This is part of UK
law by virtue of the European Union Withdrawal Act 2018.
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