4 January 2022
(EPIC: SRC / Market: AIM / Sector: Construction Materials)
SIGMAROC PLC
('SigmaRoc' or the 'Company')
Options Exercise & Issue of Equity, Extension of Share Options and PDMR Dealing
SigmaRoc plc, the AIM quoted construction materials group (AIM: SRC), announces that it has received notification from option holders to exercise options over 330,594 new ordinary shares of 1 penny each in the share capital of the Company (the 'New Ordinary Shares') at a price of 25 pence per share for 26,014 New Ordinary Shares and 40 pence per share for 304,580 New Ordinary Shares. Accordingly, the Company has today issued the New Ordinary Shares to the option holders for an aggregate consideration of £128,335.50.
Application has been made for the New Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange plc ('Admission'). Admission is expected to occur at 8.00 a.m. on or around 7 January 2022.
Furthermore, the Remuneration Committee of the Board has resolved to extend the expiry date of certain previously granted options to 30 December 2026 (the 'Extension') as set out in the table below:
| Option Holder | Number of Options | Exercise Price | Previous Expiry Date | New Expiry Date |
| David Barrett | 52,029 | 0.2500 | 05/01/2022 | 30/12/2026 |
| Max Vermorken | 104,059 | 0.2500 | 05/01/2022 | 30/12/2026 |
| Garth Palmer | 26,014 | 0.2500 | 05/01/2022 | 30/12/2026 |
| Charles Trigg | 78,044 | 0.2500 | 05/01/2022 | 30/12/2026 |
| David Barrett | 2,597,688 | 0.4000 | 05/01/2022 | 30/12/2026 |
| Max Vermorken | 5,804,537 | 0.4000 | 05/01/2022 | 30/12/2026 |
| Garth Palmer | 462,122 | 0.4000 | 05/01/2022 | 30/12/2026 |
| Charles Trigg | 3,014,298 | 0.4000 | 05/01/2022 | 30/12/2026 |
Related Party Opinion
The Extension is considered a related party transaction for the purposes of the AIM Rules. The independent directors (being Simon Chisholm, Tim Hall and Jacques Emsens), having consulted with Strand Hanson Limited, the Company's Nominated Adviser, consider the terms of the Extension to be fair and reasonable insofar as the Company's shareholders are concerned.
Total Voting Rights
Following the issue of the New Ordinary Shares, the total issued share capital of the Company will consist of 638,246,344 ordinary shares of 1 penny each ('Ordinary Shares') with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 638,246,344 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Market Abuse Regulation (MAR) Disclosure
This announcement is made in accordance with the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).
PDMR Notification Forms:
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | David Barrett | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Executive Chairman | ||||
| b) | Initial notification/amendment | Amendment | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | SigmaRoc plc | ||||
| b) | LEI | 213800Q3CJUERBGD1E44 | ||||
| 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 | Ordinary Shares of 1 penny each | ||||
| Identification code | GB00BYX5K988 | |||||
| b) | Nature of the Transaction | Extension of expiry date of options over Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Price | Single transaction as in 4 c) above
| ||||
| e) | Date of the transaction | 4 January 2022 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Max Vermorken | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Chief Executive Officer | ||||
| b) | Initial notification/amendment | Amendment | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | SigmaRoc plc | ||||
| b) | LEI | 213800Q3CJUERBGD1E44 | ||||
| 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 | Ordinary Shares of 1 penny each | ||||
| Identification code | GB00BYX5K988 | |||||
| b) | Nature of the Transaction | Extension of expiry date of options over Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Price | Single transaction as in 4 c) above
| ||||
| e) | Date of the transaction | 4 January 2022 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Charles Trigg | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Chief Technical Officer | ||||
| b) | Initial notification/amendment | Amendment | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | SigmaRoc plc | ||||
| b) | LEI | 213800Q3CJUERBGD1E44 | ||||
| 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 | Ordinary Shares of 1 penny each | ||||
| Identification code | GB00BYX5K988 | |||||
| b) | Nature of the Transaction | Extension of expiry date of options over Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Price | Single transaction as in 4 c) above
| ||||
| e) | Date of the transaction | 4 January 2022 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Garth Palmer | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Chief Financial Officer | ||||
| b) | Initial notification/amendment | Amendment | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | SigmaRoc plc | ||||
| b) | LEI | 213800Q3CJUERBGD1E44 | ||||
| 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 | Ordinary Shares of 1 penny each | ||||
| Identification code | GB00BYX5K988 | |||||
| b) | Nature of the Transaction | Extension of expiry date of options over Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Price | Single transaction as in 4 c) above
| ||||
| e) | Date of the transaction | 4 January 2022 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
Information on the Company is available on the its website, www.sigmaroc.com.
| SigmaRoc plc Max Vermorken
| Tel: +44 (0) 207 002 1080 |
| Strand Hanson Limited (Nominated and Financial Adviser) James Spinney / James Dance / Rob Patrick
| Tel: +44(0) 207 409 3494 |
| Liberum Capital (Co-Broker) Neil Patel / Jamie Richards / William Hall
| Tel: +44 (0) 203 100 2000
|
| Peel Hunt (Co-Broker) Mike Bell / Ed Allsopp
| Tel: +44 (0) 20 7418 8900 |
| Investor Relations Dean Masefield / Florian Werner | Tel: +44 (0) 207 002 1080 ir@sigmaroc.com
|
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