Rambler Metals & Mining PLC GRANT OF OPTIONS / PDMR SHAREHOLDING (1380X)
April 25 2019 - 8:38AM
UK Regulatory
TIDMRMM
RNS Number : 1380X
Rambler Metals & Mining PLC
25 April 2019
25 April 2019
RAMBLER METALS & MINING PLC
(Rambler or the Company)
Grant of options / pdmr shareholding
London, United Kingdom & Newfoundland and Labrador, Canada -
Rambler Metals and Mining PLC (AIM: RMM) ('Rambler') announces on
25 April 2019 that Andre Booyzen, Chief Executive Officer, was
issued 5,000,000 share options of the Company exercisable at the
Fair Market value of GBP 0.013 per share, in accordance with the
Company's compensation policy. Fair Market value, as defined by the
plan, is the volume weighted average trading price on the LSE:AIM
for the five trading days immediately prior to the date of grant.
The options are exercisable for five years and will vest 100
percent after three years from the date of grant.
Andre Booyzen does not hold any ordinary shares in the Company.
Following this grant, Mr. Booyzen will have share options over a
total of 5,000,000 ordinary shares of the Company.
Public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with
them.
1 Details of the person discharging managerial responsibilities
('PDMR')/ person closely associated
a) Name Andre Booyzen
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2 Reason for notification
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a) Position / status PDMR / Chief Executive Officer
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b) Initial notification Initial notification.
/Amendment
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3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Rambler Metals and Mining PLC
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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 Options over ordinary shares
instrument, type of instrument
Identification code
GB00B06Y3F14
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b) Nature of the transaction Issuance of Share Options
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c) Price(s) and volumes(s)
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d) Aggregated information
Aggregated volume 5,000,000
Price GBP 0.013
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e) Date of the transaction 2019-04-18
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f) Place of the transaction Outside a trading venue
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ABOUT RAMBLER METALS AND MINING
Rambler is a mining and development company that in November
2012 brought its first mine into commercial production. Rambler has
a 100 per cent ownership in the Ming Copper-Gold Mine, a fully
operational base and precious metals processing facility and year
round bulk storage and shipping facility; all located on the Baie
Verte peninsula, Newfoundland and Labrador, Canada.
Following the completion of its recent productivity improvement
initiative Rambler's focus is on sustaining mine and mill
production at 1,250 metric tonnes per day. With a return to
profitability and positive cash flow, Rambler will continue
advancing Phase III engineering studies with a view to further
increase production to 2,000 mtpd at the Ming Mine.
Along with the Ming Mine, Rambler also owns 100 per cent of the
former producing Little Deer/ Whales Back copper mines and has
strategic investment in the former producing Hammerdown gold
mine.
Rambler is currently listed in London under AIM:RMM.
For further information, please contact:
Andre Booyzen Sanjay Swarup Tim Sanford. P. Eng.
President and CEO CFO Vice President and
Rambler Metals & Mining Rambler Metals & Mining Corporate Secretary
Plc Plc Rambler Metals & Mining
Tel No: +44 (0) 20 Tel No: +44 (0) 20 Plc
8652-2700 7096 0662 Tel No: +44 (0) 20 8652-2700
Fax No: +44 (0) 20 Fax No: +44 (0) 20 Fax No: +44 (0) 20 8652-2719
8652-2719 8609 0313
Nominated Advisor
(NOMAD)
Ewan Leggat, Caroline
Rowe
SP Angel Corporate
Finance LLP
Tel No: +44 (0) 20
3470 0470
Website: www.ramblermines.com
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the
publication of this announcement via Regulatory Information Service
(RIS), this inside information is now considered to be in the
public domain.
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
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