Jangada Mines PLC Exercise of Share Options, Director Dealing & TVR (9985T)
March 30 2021 - 7:40AM
UK Regulatory
TIDMJAN
RNS Number : 9985T
Jangada Mines PLC
30 March 2021
Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector:
Mining
30 March 2021
Jangada Mines plc
Exercise of Share Options, Director Dealing and TVR
Jangada Mines plc ("Jangada" or "the Company"), a natural
resources company, announces that on 29 March 2021, Nick von
Schirnding, a Non-Executive Director of the Company, exercised
share options in respect of 2,000,000 ordinary shares of GBP0.0004
pence each of the Company ("Ordinary Shares") at a price of 2 pence
each. This exercise was satisfied by the allotment of 2,000,000 new
Ordinary Shares (the "Option Shares").
The Option Shares were subsequently sold at a price of 8 pence
each. The sale was partially carried out to fund the exercise cost
of the options as well as to meet ordinary tax liabilities incurred
following the exercise of the options.
Nick von Schirnding holds 253,333 Ordinary Shares and retains a
holding of 1,000,000 options, exercisable at 2 pence each, over
Jangada's share capital.
The Company also announces that share options over a further
600,000 Ordinary Shares were exercised by a consultant to the
Company, at a price of 2 pence each. This exercise was satisfied by
the allotment of 600,000 new Ordinary Shares (the "Consultant
Shares").
Admission and Total Voting Rights
Application has been made for the Option Shares and the
Consultant Shares, totalling, in aggregate, 2,600,000 new Ordinary
Shares to be admitted to trading on AIM ("Admission"), and
Admission is expected to occur on or around 7 April 2021. These
shares will rank pari passu with the ordinary shares of the Company
in issue.
Following admission to trading on AIM of the Option Shares and
the Consultant Shares, the Company will have 258,602,032 Ordinary
Shares in issue, each with voting rights. Accordingly, 258,602,032
Ordinary Shares may be used by shareholders as the denominator for
the calculations which will determine whether they are required to
notify their interest in the company, or any change to that
interest, under the Financial Conduct Authority's Disclosure and
Transparency Rules.
**ENDS**
For further information please visit www.jangadamines.com or
contact:
Jangada Mines plc Brian McMaster (Chairman) Tel: +44 (0) 20 7317
6629
Strand Hanson Limited James Spinney Tel: +44 (0)20 7409
(Nominated & Financial Ritchie Balmer 3494
Adviser) Georgia Langoulant
Brandon Hill Capital Jonathan Evans Tel: +44 (0)20 3463
(Broker) Oliver Stansfield 5000
St Brides Partners Isabel de Salis E: info@stbridespartners.co.uk
Ltd Charlie Hollinshead
(Financial PR)
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further details of
above transaction.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Nick von Schirnding
------------------------------------- --------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status: Independent Non-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: Jangada Mines plc
------------------------------------- --------------------------------
b) LEI: 213800LTGB12E32IN691
------------------------------------- --------------------------------
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 Ordinary shares of
instrument, type of instrument: GBP0.0004 each
Identification code:
ISIN: GB00BZ11WQ61
------------------------------------- --------------------------------
b) Nature of the transaction: (a) Exercise of options
(b) Sale of shares
------------------------------------- --------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
(a) 2.0 p (a)
2,000,000
(b) 8.0 p (b)
2,000,000
-------------
------------------------------------- --------------------------------
d) Aggregated information: Exercise of options
and subsequent sale
of shares
Aggregated volume: -
Price:
2p exercise of options
8p sale of shares
------------------------------------- --------------------------------
e) Date of the transaction: 29 March 2021
------------------------------------- --------------------------------
f) Place of the transaction: Outside a trading
venue
------------------------------------- --------------------------------
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END
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