4 May 2021
Centamin plc
("Centamin" or "the Company")
LSE: CEY / TSX: CEE
Director/PDMR ShAREHOLDING
Under the shareholder approved Remuneration Policy and Performance Share Plan ("PSP"), which aims to align Executive remuneration with that of the shareholders and long-term performance of the Company, a conditional award of ordinary shares with nil par value were made to the following Directors and Persons Discharging Managerial Responsibility ("PDMR").
Subject to clear performance conditions, the awards to the following participants will partially or fully vest after three years, on 30 April 2024 and are subject to a further two-year holding period. In the normal course, the PSP participants are required to be an employee of the Company at the time of vest.
For more details on the PSP, please refer to the Remuneration Report within the 2020 Annual Report and Accounts, available on the Company's website at www.centamin.com.
| Name | Director/PDMR | Number of PSP awards granted |
| Martin Horgan | Director | 650,000 |
| Ross Jerrard | Director | 570,000 |
| Youssef El-Raghy | PDMR | 160,000 |
In accordance with the requirements of Article 19 of the EU Market Abuse Regulation, the Company makes the below notification and public disclosure of transactions by PDMRs and persons closely associated with them.
This announcement contains ongoing regulated information.
FOR MORE INFORMATION please visit the website www.centamin.com or contact:
| Centamin plc Alexandra Barter-Carse, Corporate Communications +44 (0) 7700 713 738 | Buchanan Bobby Morse / Kelsey Traynor + 44 (0) 20 7466 5000 |
________________________________________________________________________________________________
| 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 | Martin Horgan | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Director - Chief Executive Officer | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Centamin plc | ||||
| b) | LEI | LEI 213800PDI9G7OUKLPV84 | ||||
| 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 | Ordinary shares
ISIN JE00B5TT1872 | ||||
| b) | Nature of the transaction | Grant of awards under the terms of the Company's Performance Share Plan | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
|
650,000 CEY shares Nil | ||||
| e) | Date of the transaction | 2021-04-30 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 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 | Ross Jerrard | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Director - Chief Financial Officer | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Centamin plc | ||||
| b) | LEI | LEI 213800PDI9G7OUKLPV84 | ||||
| 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 | Ordinary shares
ISIN JE00B5TT1872 | ||||
| b) | Nature of the transaction | Grant of awards under the terms of the Company's Performance Share Plan | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
|
570,000 CEY shares Nil | ||||
| e) | Date of the transaction | 2021-04-30 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 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 | Youssef El-Raghy | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR - Country Manager - Egypt | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Centamin plc | ||||
| b) | LEI | LEI 213800PDI9G7OUKLPV84 | ||||
| 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 | Ordinary shares
ISIN JE00B5TT1872 | ||||
| b) | Nature of the transaction | Grant of awards under the terms of the Company's Performance Share Plan | ||||
| c) | Price(s) and volume(s)
|
| ||||
| d) | Aggregated information
|
160,000 CEY shares Nil | ||||
| e) | Date of the transaction | 2021-04-30 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
Forward-looking Statements
This announcement (including information incorporated by reference) contains "forward-looking statements" and "forward-looking information" under applicable securities laws (collectively, "forward-looking statements"), including statements with respect to future financial or operating performance. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "believes", "expects", "expected", "budgeted", "forecasts" and "anticipates". Although Centamin believes that the expectations reflected in such forward-looking statements are reasonable, Centamin can give no assurance that such expectations will prove to be correct. Forward-looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and projections of the management of Centamin about future events and are therefore subject to known and unknown risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. In addition, there are a number of factors that could cause actual results, performance, achievements or developments to differ materially from those expressed or implied by such forward-looking statements; the risks and uncertainties associated with the ongoing impacts of COVID-19 or other pandemic, general business, economic, competitive, political and social uncertainties; the results of exploration activities and feasibility studies; assumptions in economic evaluations which prove to be inaccurate; currency fluctuations; changes in project parameters; future prices of gold and other metals; possible variations of ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; climatic conditions; political instability; decisions and regulatory changes enacted by governmental authorities; delays in obtaining approvals or financing or completing development or construction activities; and discovery of archaeological ruins. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements, particularly in light of the current economic climate and the significant volatility, uncertainty and disruption caused by the outbreak of COVID-19. Forward-looking statements contained herein are made as of the date of this announcement and the Company disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements.
LEI: 213800PDI9G7OUKLPV84
Company No: 109180
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
