TIDMHZM
RNS Number : 9150P
Horizonte Minerals PLC
01 June 2018
NEWS RELEASE
1 June 2018
AWARD OF OPTIONS
___________________________________________________________________________
Horizonte Minerals Plc, (AIM: HZM, TSX: HZM) ('Horizonte' or
'the Company') the nickel development company focused in Brazil,
has on the basis of the recommendation of its Remuneration
Committee and in accordance with the rules of the Company's 2006
Option Scheme and Enterprise Management Incentive Scheme, awarded
39,650,000 options over ordinary shares of 1p each in the capital
of the Company ('the Awarded Options') to directors and senior
management.
The Awarded Options include the following amounts to a director
or officer of the Company:
Director Number of Options
Executive Director - Jeremy
Martin 8,000,000
Non-Executive Chairman - David
Hall 4,000,000
Non-Executive Director - William
Fisher 3,500,000
Non-Executive Director - Owen
Bavinton 3,500,000
Non-Executive Director - Allan
Walker 3,500,000
Chief Financial Officer - Simon
Retter 4,000,000
38,150,000 of the Awarded Options have an exercise price of
4.80p. One third of the options are exercisable six months from the
date of issue, one third 12 months from the date of issue and one
third 18 months from the date of issue.
In addition, 1,500,000 options with an exercise price of 3.20p
have been awarded to a contractor in line with the previous
financial year's option scheme awards.
The total number of options outstanding is 134,300,000 which
represents 9.4% per cent. of the current issued share capital of
1,432,521,800 ordinary shares.
Certain aspects of the award of Awarded Options are subject to
TSX approval.
Details of the person discharging managerial responsibilities/person closely associated
a) Name: Jeremy Martin
Reason for the notification
a) Position/status: Executive Director
b) Initial notification/Amendment: Initial Notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name: Horizonte Minerals Plc
b) LEI: n/a
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 Ordinary shares of 1 penny per share
instrument: GB00B11DNM70
Identification code:
b) Nature of the transaction: Award of options
c) Price(s) and volume(s): Price(s) Volume(s)
4.8p 8,000,000
d) Aggregated information: Single transaction as in 4 c) abovePrice(s) Volume(s)
-- Aggregated volume: n/a n/a
-- Price:
e) Date of the transaction: 30 May 2018
f) Place of the transaction: London Stock Exchange
Details of the person discharging managerial responsibilities/person closely associated
a) Name: David Hall
Reason for the notification
a) Position/status: Non-Executive Chairman
b) Initial notification/Amendment: Initial Notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name: Horizonte Minerals Plc
b) LEI: n/a
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 Ordinary shares of 1 penny per share
instrument: GB00B11DNM70
Identification code:
b) Nature of the transaction: Award of options
c) Price(s) and volume(s): Price(s) Volume(s)
4.8p 4,000,000
d) Aggregated information: Single transaction as in 4 c) abovePrice(s) Volume(s)
-- Aggregated volume: n/a n/a
-- Price:
e) Date of the transaction: 30 May 2018
f) Place of the transaction: London Stock Exchange
Details of the person discharging managerial responsibilities/person closely associated
a) Name: William Fisher
Reason for the notification
a) Position/status: Non-Executive Director
b) Initial notification/Amendment: Initial Notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name: Horizonte Minerals Plc
b) LEI: n/a
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 Ordinary shares of 1 penny per share
instrument: GB00B11DNM70
Identification code:
b) Nature of the transaction: Award of options
c) Price(s) and volume(s): Price(s) Volume(s)
4.8p 3,500,000
d) Aggregated information: Single transaction as in 4 c) abovePrice(s) Volume(s)
-- Aggregated volume: n/a n/a
-- Price:
e) Date of the transaction: 30 May 2018
f) Place of the transaction: London Stock Exchange
Details of the person discharging managerial responsibilities/person closely associated
a) Name: Owen Bavinton
Reason for the notification
a) Position/status: Non-Executive Director
b) Initial notification/Amendment: Initial Notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name: Horizonte Minerals Plc
b) LEI: n/a
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 Ordinary shares of 1 penny per share
instrument: GB00B11DNM70
Identification code:
b) Nature of the transaction: Award of options
c) Price(s) and volume(s): Price(s) Volume(s)
4.8p 3,500,000
d) Aggregated information: Single transaction as in 4 c) abovePrice(s) Volume(s)
-- Aggregated volume: n/a n/a
-- Price:
e) Date of the transaction: 30 May 2018
f) Place of the transaction: London Stock Exchange
Details of the person discharging managerial responsibilities/person closely associated
a) Name: Allan Walker
Reason for the notification
a) Position/status: Non-Executive Director
b) Initial notification/Amendment: Initial Notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name: Horizonte Minerals Plc
b) LEI: n/a
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 Ordinary shares of 1 penny per share
instrument: GB00B11DNM70
Identification code:
b) Nature of the transaction: Award of options
c) Price(s) and volume(s): Price(s) Volume(s)
4.8p 3,500,000
d) Aggregated information: Single transaction as in 4 c) abovePrice(s) Volume(s)
-- Aggregated volume: n/a n/a
-- Price:
e) Date of the transaction: 30 May 2018
f) Place of the transaction: London Stock Exchange
Details of the person discharging managerial responsibilities/person closely associated
a) Name: Simon Retter
Reason for the notification
a) Position/status: Chief Financial Officer
b) Initial notification/Amendment: Initial Notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name: Horizonte Minerals Plc
b) LEI: n/a
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 Ordinary shares of 1 penny per share
instrument: GB00B11DNM70
Identification code:
b) Nature of the transaction: Award of options
c) Price(s) and volume(s): Price(s) Volume(s)
4.8p 4,000,000
d) Aggregated information: Single transaction as in 4 c) abovePrice(s) Volume(s)
-- Aggregated volume: n/a n/a
-- Price:
e) Date of the transaction: 30 May 2018
f) Place of the transaction: London Stock Exchange
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
* * ENDS * *
For further information visit www.horizonteminerals.com or
contact:
Contacts:
Horizonte Minerals plc.
Jeremy Martin (CEO)
+44 (0)203 356 2901
Numis Securities Limited (Broker)
John Prior/James Black/Paul Gillam
+44 (0)207 260 1000
FinnCap Ltd (NOMAD & Joint Broker)
Christopher Raggett/ James Thompson /
Anthony Adams / Emily Morris
+44 (0) 20 7220 0500
Shard Capital (Joint Broker)
Damon Heath / Erik Woolgar
+44 (0) 20 7186 9952
Tavistock (Financial PR)
Gareth Tredway / Jos Simson / Barney Hayward
+44 (0) 20 7920 3150
About Horizonte Minerals:
Horizonte Minerals plc is an AIM and TSX-listed nickel
development company focused in Brazil, which wholly owns the
advanced Araguaia nickel laterite project located south of Carajás
and the Vermelho nickel-cobalt project located in the Carajás
mineral district of northern Brazil.
The Company is developing Araguaia as the next major nickel mine
in Brazil, with targeted production by 2021. The Project has good
infrastructure in place including rail, road, water and power.
Horizonte has a supportive shareholder structure including Teck
Resources Limited, Canaccord Genuity Group, Richard Griffiths,
Lombard Odier Asset Management (Europe) Limited, JP Morgan, City
Financial and Glencore.
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION
Except for statements of historical fact relating to the
Company, certain information contained in this press release
constitutes "forward-looking information" under Canadian securities
legislation. Forward-looking information includes, but is not
limited to, statements with respect to the potential of the
Company's current or future property mineral projects; the success
of exploration and mining activities; cost and timing of future
exploration, production and development; the estimation of mineral
resources and reserves and the ability of the Company to achieve
its goals in respect of growing its mineral resources, and the
realization of mineral resource and reserve estimates. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements
that certain actions, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved".
Forward-looking information is based on the reasonable assumptions,
estimates, analysis and opinions of management made in light of its
experience and its perception of trends, current conditions and
expected developments, as well as other factors that management
believes to be relevant and reasonable in the circumstances at the
date that such statements are made, and are inherently subject to
known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking information, including
but not limited to risks related to: exploration and mining risks,
competition from competitors with greater capital; the Company's
lack of experience with respect to development-stage mining
operations; fluctuations in metal prices; uninsured risks;
environmental and other regulatory requirements; exploration,
mining and other licences; the Company's future payment
obligations; potential disputes with respect to the Company's title
to, and the area of, its mining concessions; the Company's
dependence on its ability to obtain sufficient financing in the
future; the Company's dependence on its relationships with third
parties; the Company's joint ventures; the potential of currency
fluctuations and political or economic instability in countries in
which the Company operates; currency exchange fluctuations; the
Company's ability to manage its growth effectively; the trading
market for the ordinary shares of the Company; uncertainty with
respect to the Company's plans to continue to develop its
operations and new projects; the Company's dependence on key
personnel; possible conflicts of interest of directors and officers
of the Company, and various risks associated with the legal and
regulatory framework within which the Company operates. Although
management of the Company has attempted to identify important
factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such statements.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHEFLFXVEFEBBL
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