Source - LSE Regulatory
RNS Number : 9039X
Golden Metal Resources PLC
27 December 2023
 

 

Golden Metal Resources plc

('Golden Metal' or the 'Company')

 

Grant of New Options and Directors' Dealings

 

Golden Metal Resources plc (LON:GMET/OTCQB:GMTLF), a strategic mineral exploration and development company focused on Nevada, US, announces that it has granted options over 3.9 million new ordinary shares of 1 pence each in the Company ("Ordinary Shares"), representing approximately 4.6 per cent. of the existing issued share capital of the Company, to certain Directors, employees and advisors to subscribe for new Ordinary Shares at an exercise price of 14p with a life to expiry of 3 years from 22 December 2023 with an immediate vesting period (the "New Options").

Further details on the grant of the New Options are provided below and recognise the contribution made by the team to the rapid development of the Company and the strategic current value of its broad-spectrum natural resource focused exploration and development portfolio.

2.5 million of the New Options have been granted to Golden Metal board directors (the "Director Options"). The Director Options, along with a summary of existing options held are outlined in the table below:

Director Options Granted

Director

Existing options

New Options granted

Exercise price (p) of New Options

Expiry date of New Options

Total options following award of New Options

Oliver Friesen

2,104,859

500,000

14p

21.12.26

2,604,859

David Ovadia


500,000

14p

21.12.26

500,000

J.T. Starzecki


500,000

14p

21.12.26

500,000

Mark Burnett


500,000

14p

21.12.26

500,000

Mick Billing


500,000

14p

21.12.26

500,000

Total

2,104,859

2,500,000

 

 

4,604,859

 

A new pool totalling 1.4 million New Options has been granted to Golden Metal employees and advisors, to be allocated in line with the Board's instructions to non-Board team members, and with the same terms as the Director Options above.

 

PDMR DISCLOSURE

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealing.

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

 

Oliver Friesen

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

 

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

 

 

 

Golden Metal Resources plc

 

 

b)

 

LEI

 

 

               

213800J4SKZAMUEPGW34

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 1p each



Identification code

ISIN: GB00BPQY8R36



b)

 

Nature of the transaction

 

 

 

Issue of Options

 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




14p

 

 

500,000

 







d)

 

Aggregated information




- Aggregated volume

500,000



- Price

14p



e)

 

Date of the transaction

 

 

22 December 2023

f)

 

Place of the transaction

 

 

Off Market

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

 

David Ovadia

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

 

Chairman

 

b)

 

Initial notification /Amendment

 

 

 

Initial Notification

3

 

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

 

a)

 

Name

 

 

 

Golden Metal Resources plc

 

 

b)

 

LEI

 

 

               

213800J4SKZAMUEPGW34

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 1p each



Identification code

ISIN: GB00BPQY8R36



b)

 

Nature of the transaction

 

 

Issue of Options

 

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




14p

 

500,000

 







d)

 

Aggregated information




- Aggregated volume

500,000



- Price

14p



e)

 

Date of the transaction

 

 

22 December 2023

f)

 

Place of the transaction

 

 

Off Market

 

 

Details of the person discharging managerial responsibilities / person closely associated

 

Name

 

 

 

J. T. Starzecki

 

 

Reason for the notification

 

Position/status

 

 

 

Non-Executive Director

 

Initial notification /Amendment

 

 

 

Initial Notification

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

 

Name

 

 

 

Golden Metal Resources plc

 

 

LEI

 

 

               

213800J4SKZAMUEPGW34

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

 

 

Description of the financial instrument, type of instrument

ordinary shares of 1p each



Identification code

ISIN: GB00BPQY8R36



Nature of the transaction

 

 

 

Issue of Options

 

Price(s) and volume(s)







Price(s)

Volume(s)




14p

 

500,000

 







Aggregated information




- Aggregated volume

500,000



- Price

14p



Date of the transaction

 

 

22 December 2023

Place of the transaction

 

 

Off Market

 

Details of the person discharging managerial responsibilities / person closely associated

 

Name

 

 

 

Mark Burnett

 

 

Reason for the notification

 

Position/status

 

 

 

Non-Executive Director

 

Initial notification /Amendment

 

 

 

Initial Notification

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

 

Name

 

 

 

Golden Metal Resources plc

 

 

LEI

 

 

               

213800J4SKZAMUEPGW34

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

 

 

Description of the financial instrument, type of instrument

ordinary shares of 1p each



Identification code

ISIN: GB00BPQY8R36



Nature of the transaction

 

 

 

Issue of Options

 

Price(s) and volume(s)







Price(s)

Volume(s)




14p

 

500,000

 







Aggregated information




- Aggregated volume

500,000



- Price

14p



Date of the transaction

 

 

22 December 2023

Place of the transaction

 

 

Off Market

 

Details of the person discharging managerial responsibilities / person closely associated

 

Name

 

 

 

Mick Billing

 

 

Reason for the notification

 

Position/status

 

 

 

Non-Executive Director

 

Initial notification /Amendment

 

 

 

Initial Notification

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

 

Name

 

 

 

Golden Metal Resources plc

 

 

LEI

 

 

               

213800J4SKZAMUEPGW34

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

 

 

Description of the financial instrument, type of instrument

ordinary shares of 1p each



Identification code

ISIN: GB00BPQY8R36



Nature of the transaction

 

 

 

Issue of Options

 

Price(s) and volume(s)







Price(s)

Volume(s)




14p

 

500,000

 







Aggregated information




- Aggregated volume

500,000



- Price

14p



Date of the transaction

 

 

22 December 2023

Place of the transaction

 

 

Off Market

 

 

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