Ironveld PLC Grant of Share Options (3909R)
February 28 2023 - 11:15AM
UK Regulatory
TIDMIRON
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 10(th) 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 c/o BlytheRay
Giles Clarke, Chairman +44 20 7138 3204
Martin Eales, Chief Executive Officer
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 O rdinary Shares of 0.1 pence
the Financial instrument,
type of instrument
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: See above
* Aggregated volume
* Price
------------------------------- -------------------------------------
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 O rdinary Shares of 0.1 pence
the Financial instrument,
type of instrument
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: See above
* Aggregated volume
* Price
------------------------------- -------------------------------------
e) Date of the transaction 27 February 2023
------------------------------- -------------------------------------
f) Place of the transaction Outside trading venue
------------------------------- -------------------------------------
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END
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