Rockfire Resources PLC Issue of Fee Shares and Director/PDMR Shareholding (6365F)
March 10 2020 - 9:00AM
UK Regulatory
TIDMROCK
RNS Number : 6365F
Rockfire Resources PLC
10 March 2020
10 March 2020
Rockfire Resources plc
("ROCK", "Rockfire" or "the Company")
Issue of Fee Shares
Director/PDMR Shareholding
Rockfire Resources plc (LON: ROCK), the gold and base-metal
focused explorer, announces that 3,530,691 new ordinary shares in
the Company (the "Fee Shares") have been issued to Patrick Elliott
for his services as Non-Executive Director of the Company for the
period from 26 February 2019 to 31 December 2019, in lieu of
director fees.
The Fee Shares are being issued in accordance with the service
agreement between Patrick Elliott and the Company. Under the terms
of his service agreement, the Fee Shares became due at the end of
each quarter and will be allotted by the Board on an ad-hoc basis.
The volume weighted average issue price of the Fee Shares is 0.57
pence per share, calculated using the closing mid-market price per
ordinary share in the Company on the final trading day of each
quarter.
Application has been made for the admission of the Fee Shares to
trading on AIM ("Admission"). It is anticipated that Admission will
become effective at 8.00 a.m. on 13 March 2020. On Admission,
Patrick Elliott will have an interest in 6,471,867 ordinary shares
in the Company, representing approximately 1.02 per cent. of the
Company's issued share capital as enlarged by the Fee Shares. The
FCA notification, made in accordance with the requirements of the
EU Market Abuse Regulation, is appended below.
Total Voting Rights
Following Admission, the total number of ordinary shares and
voting rights in the Company will be 632,938,535 . The Company does
not hold any shares in treasury. From Admission, the above figure
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 share capital of
the Company pursuant to the FCA's Disclosure Guidance and
Transparency Rules.
For further information on the Company, please visit
www.rockfireresources.com or contact the following:
Rockfire Resources plc Email: info@rockfireresources.com
David Price, Chief Executive Officer
Allenby Capital Limited Tel: +44 (0) 20 3328 5656
(Nominated Adviser and Broker)
John Depasquale/Asha Chotai
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Patrick Elliott
------------------------- ------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Non-Executive Director
------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name Rockfire Resources plc
------------------------- ------------------------------------------
b) LEI 213800THSZQSFKTXOI24
------------------------- ------------------------------------------
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 Ordinary shares of 0.1p each
the financial
instrument, type Identification code (ISIN) for Rockfire
of instrument Resources plc ordinary shares:
Identification GB00B42TN250
code
------------------------- ------------------------------------------
b) Nature of the Issue of ordinary shares in consideration
transaction of payment of director fees
------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
0.775p 258,064
0.7p 857,143
0.31p 1,935,484
1.25p 480,000
-----------
------------------------- ------------------------------------------
d) Aggregated information - aggregated volume - 3,530,691
- Aggregated volume - volume weighted average price - 0.57p
- Price
------------------------- ------------------------------------------
e) Date of the transaction 10 March 2020
------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------- ------------------------------------------
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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