Grant of Share Options

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 Giles Clarke, Chairman Martin Eales, Chief Executive Officer		c/o BlytheRay [phone]
finnCap (Nomad and Joint Broker) Christopher Raggett / Charlie Beeson		[phone]
Turner Pope (Joint Broker) Andrew Thacker/James Pope		[phone]
BlytheRay Tim Blythe / Megan Ray		[phone]

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	O rdinary 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	O rdinary 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

 

END

 

 

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