26 February 2021
Rockfire Resources plc
("Rockfire" or the "Company")
Grant of Options to Directors/PDMRs
Rockfire Resources plc (LON: ROCK), the gold and base metal exploration company announces that it has today granted a total of 36,000,000 options to subscribe for ordinary shares in the Company ("Options") to certain directors and employees of the Company as set out below:
| Name | Position | No. of Options granted | Total Number of Options held following the grant |
| Gordon Hart | Chairman | 10,000,000 | 10,000,000 |
| David Price | Chief Executive Officer | 10,000,000 | 10,000,000 |
| Edward Fry | Exploration Manager (PDMR) | 10,000,000 | 10,000,000 |
| Graeme Hogan | Company Secretary | 6,000,000 | 6,000,000 |
All of the 36,000,000 Options are exercisable for a period of three years from the date of the grant and have an exercise price of 2.1p, being a premium of 110% per cent. to the closing mid-market share price on 25 February 2021, the day prior to this announcement. The Options are being granted pursuant to the terms of the service agreements between each director or employee and the Company.
Following the above grant of the Options, the Company has a total of 60,000,000 options to subscribe for new ordinary shares in the Company outstanding, which represents 7.2 per cent. of the Company's issued share capital.
The FCA notifications in respect of the above, made in accordance with the requirements of the UK Market Abuse Regulation, are appended below.
For further information on the Company, please visit www.rockfireresources.com or contact the following:
| Rockfire Resources plc: | |
| David Price, Chief Executive Officer |
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| Allenby Capital Limited (Nominated Adviser & Broker) | Tel: +44 (0) 20 3328 5656 |
| John Depasquale / Asha Chotai (Corporate Finance) Matt Butlin / Guy McDougall (Equity Sales) |
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| Yellow Jersey | rockfire@yellowjerseypr.com |
| Sarah Hollins / Henry Wilkinson | Tel: +44 (0) 20 3004 9512 |
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 ("PDMR") / person closely associated | |||||||||||||
| a) | Name | Gordon Hart (Chairman) David Price (Chief Executive Officer) Edward Fry (Exploration Manager - PDMR)
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| 2 | Reason for the notification | |||||||||||||
| a) | Position/status | See 1 a) above | ||||||||||||
| b) | Initial notification /Amendment | Initial notification | ||||||||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||
| a) | Name | Rockfire Resources plc
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| b) | LEI | 213800THSZQSFKTXOI24
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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 instrument, type of instrument Identification code | Options to subscribe for Ordinary Shares of 0.1p
Identification code (ISIN) for ordinary shares: GB00B42TN250 | ||||||||||||
| b) | Nature of the transaction | Grant of options to subscribe for ordinary shares | ||||||||||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information - Aggregated volume - Price |
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| e) | Date of the transaction | 26 February 2021 | ||||||||||||
| f) | Place of the transaction | Outside a trading venue | ||||||||||||
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