Scotgold Resources Ltd Grant of Options (2767Y)
May 11 2021 - 09:51AM
UK Regulatory
TIDMSGZ
RNS Number : 2767Y
Scotgold Resources Ltd
11 May 2021
11 May 2021
Scotgold Resources Limited
("Scotgold" or the "Company")
Grant of Options
Scotgold Resources Limited (AIM: SGZ) ("Scotgold" or the
"Company") announces that further to its announcement of 26
February 2021 and in line with Mr Phillip Day's terms of employment
the Company has granted an unlisted option over 840,000 depositary
interests of no par value each in the Company ("Ordinary Shares")
with an exercise price of 60p per Ordinary Share and an expiry date
of 10 May 2026 (the "Options"). The Options shall vest on 10 May
2024 subject to Mr Day being an employee in good standing of the
Company or any controlled entity of the Company at that date.
The Options have been granted under the Enterprise Management
Incentive scheme (EMI Scheme) of the Company, and where
restrictions apply, the similar "Unapproved Scheme" of the Company.
Mr Day constitutes a PDMR for the purpose of the EU Market Abuse
Regulation.
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) Full name of person Phillip Day
Dealing
------------------------------- ------------------------------
2. Reason for notification
------------------------------- ------------------------------
(a) Position/status Chief Executive Officer
------------------------------- ------------------------------
(b) Initial notification/ Initial notification
Amendment
------------------------------- ------------------------------
3. Details of the issuer,
emission allowance
market participant,
auction platform,
auctioneer or auction
monitor
------------------------------- ------------------------------
(a) Name of entity Scotgold Resources Limited
------------------------------- ------------------------------
(b) LEI 213800HL5A2K7LW2G360
------------------------------- ------------------------------
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 Ordinary Shares
financial instrument,
type of instrument
------------------------------- ------------------------------
(b) Identification code AU000XINEAK5
------------------------------- ------------------------------
(c) Nature of the transaction Grant of Options
------------------------------- ------------------------------
(d) Price(s) and volume(s) Prices(s) Volume(s)
60 pence 840,000
----------
------------------------------- ------------------------------
(e) Aggregated information: Single transaction as in 4(d)
- Aggregated volume above
- Price
------------------------------- ------------------------------
(f) Date of transaction 10 May 2021
------------------------------- ------------------------------
(g) Place of transaction Outside a Trading Venue
------------------------------- ------------------------------
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
For further information please contact:
Scotgold Resources SP Angel Corporate Finance St Brides Partners
Limited LLP Financial PR
Chief Executive Officer Nomad and Broker Susie Geliher / Frank
Philip Day Ewan Leggat / Charlie Buhagiar
Bouverat
Tel +44 (0) 20 3470 0470 Tel +44 (0) 20 7236
1177
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END
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