Source - LSE Regulatory
RNS Number : 3909R
Ironveld PLC
28 February 2023
 


28 February 2023

 

IRONVELD PLC

("Ironveld" or the "Company")

Grant of Share Options

Share Options

Ironveld plc announces that on 27 February 2023 the Company's Remuneration Committee granted 12,500,000 options to Martin Eales, Chief Executive Officer, and 12,500,000 options to Peter Cox, Technical Director, over new ordinary shares of 0.1 pence each, representing in total 0.86 per cent. of the current issued share capital of the Company under the Company's Long Term Incentive Plan.

The options have an exercise price of 0.30 pence and vest in three equal tranches over 36 months from the date of grant. The options expire on the 10th anniversary of the grant.

Following these awards the Company has a total of 80,470,001 shares under option, representing 2.78 per cent. of the current issued share capital of the Company.

 

 

For further information, please contact:

Ironveld plc

Giles Clarke, Chairman

Martin Eales, Chief Executive Officer

 


c/o BlytheRay

+44 20 7138 3204

 

finnCap (Nomad and Joint Broker)

Christopher Raggett / Charlie Beeson

 


+44 20 7220 0500

Turner Pope (Joint Broker)

Andrew Thacker/James Pope

 


+44 20 3657 0050

BlytheRay

Tim Blythe / Megan Ray


+44 20 7138 3204

 

 

 

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

Grant of Options

1.           

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Martin Eales

2.           

Reason for the Notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial

3.  

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ironveld Plc

b)

LEI

2138004LU52LQBNXG604

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 0.1 pence

Identification code

GB0030426455

b)

Nature of the transaction

Grant of share options to PDMR under the Ironveld Long Term Incentive Plan with an exercise price of 0.30 pence per share.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

12,500,000

d)

Aggregated information:

·Aggregated volume

·Price

See above

e)

Date of the transaction

27 February 2023

f)

Place of the transaction

Outside trading venue

 

 

1.           

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Cox

2.           

Reason for the Notification

a)

Position/status

Technical Director

b)

Initial notification/Amendment

Initial

3.  

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ironveld Plc

b)

LEI

2138004LU52LQBNXG604

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 0.1 pence

Identification code

GB0030426455

b)

Nature of the transaction

Grant of share options to PDMR under the Ironveld Long Term Incentive Plan with an exercise price of 0.30 pence per share.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

12,500,000

d)

Aggregated information:

·Aggregated volume

·Price

See above

e)

Date of the transaction

27 February 2023

f)

Place of the transaction

Outside trading venue

 

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