Issue of Equity, Director/PDMR Holdings, TVR

RNS Number : 6695K

Red Rock Resources plc

06 May 2022

 

Red Rock Resources Plc

("Red Rock" or the "Company")

Issue of Shares under Share Incentive Plan and Directors' Dealings

6 May 2022

Red Rock Resources Plc, the natural resource development company focussed on gold, with developing interests in copper, cobalt, and other minerals, announces that on 5 May 2022, the Board of Directors approved the issuance of 5,038,253 ordinary shares of £0.0001 each in the Company ("New Ordinary Shares") under the Company's Share Incentive Plan ("SIP") for the 2021/22 tax year as agreed by the Trustees in their meeting held on 1 April 2022.

Directors' Participation

Directors participated in the shares purchase and award of 7,189,829 the New Ordinary Shares under the SIP in respect of the 2021/22 tax year, the details of which have been included in the table below, which sets out the total shareholding and interests of the Directors in the enlarged share capital of the Company.

There were 3,845,692 unallocated pool shares in the SIP, which have been utilised partially to cover the total allocations under the SIP, therefore, reducing the required amount of new shares to be issued to 5,038,253.

Directors	New Ordinary Shares	Ordinary Shares Post Issuance		Total Shares	% of Enlarged Issued Share Capital	Options	Warrants
		Direct	Indirect*
Andrew R M Bell	2,117,645	34,316,883	17,514,132	51,831,015	4.22 %	25,880,000	-
Alexander Borrelli	847,058	-	847,058	847,058	0.07%	-	-
Scott Kaintz	2,117,645	3,072,093	17,514,132	20,586,225	1.68%	17,840,000	-
Sam Quinn	2,107,481	2,656,766	15,529,425	18,186,191	1.48%	3,450,000	-

* These shares are held on Director's behalf by Red Rock Resources Plc Share Incentive Plan Trustees.

Admission to Trading on AIM and Total Voting Rights

Application is being made to AIM for 5,038,253 New Ordinary Shares, allotted in relation to the SIP for 2021/22 tax year, to be admitted to trading on AIM, the admission of which it is expected on or around 13 May 2022.

In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the New Ordinary Shares, its issued ordinary share capital will comprise 1,227,867,054 ordinary shares.

All of the ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 1,227,867,054. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.

For further information, please contact:

Andrew Bell 0207 747 9990  Chairman Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396  NOMAD Beaumont Cornish Limited

Jason Robertson 0207 374 2212    Broker First Equity Limited   

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU, which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed in accordance with the Company's obligations under Article 17.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Bell
2	Reason for the notification
a)	Position/status	Executive Chairman, PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Red Rock Resources Plc
b)	LEI	213800383CFWX3U42W09
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 £0.0001 each
	Identification code	ISIN: GB00BYWKBV38
b)	Nature of the transaction	Issue of Shares under Share Incentive Plan
c)	Price(s) and volume(s)		Name Price(s) Volume(s) Andrew R M Bell £0.00425 2,117,645
d)	Aggregated information
	- Aggregated volume	N/A
	- Aggregated Price	N/A
e)	Date of the transaction	5 May 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alexander Borrelli
2	Reason for the notification
a)	Position/status	Non-Executive Director, PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Red Rock Resources Plc
b)	LEI	213800383CFWX3U42W09
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 £0.0001 each
	Identification code	ISIN: GB00BYWKBV38
b)	Nature of the transaction	Issue of Shares under Share Incentive Plan
c)	Price(s) and volume(s)		Name Price(s) Volume(s) Alexander Borrelli £0.00425 847,058
d)	Aggregated information
	- Aggregated volume	N/A
	- Aggregated Price	N/A
e)	Date of the transaction	5 May 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Scott Kaintz
2	Reason for the notification
a)	Position/status	Non-Executive Director, PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Red Rock Resources Plc
b)	LEI	213800383CFWX3U42W09
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 £0.0001 each
	Identification code	ISIN: GB00BYWKBV38
b)	Nature of the transaction	Issue of Shares under Share Incentive Plan
c)	Price(s) and volume(s)		Name Price(s) Volume(s) Scott Kaintz £0.00425 2,117,645
d)	Aggregated information
	- Aggregated volume	N/A
	- Aggregated Price	N/A
e)	Date of the transaction	5 May 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sam Quinn
2	Reason for the notification
a)	Position/status	Non-Executive Director, PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Red Rock Resources Plc
b)	LEI	213800383CFWX3U42W09
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 £0.0001 each
	Identification code	ISIN: GB00BYWKBV38
b)	Nature of the transaction	Issue of Shares under Share Incentive Plan
c)	Price(s) and volume(s)		Name Price(s) Volume(s) Sam Quinn £0.00425 2,107,481
d)	Aggregated information
	- Aggregated volume	N/A
	- Aggregated Price	N/A
e)	Date of the transaction	5 May 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rasa Vaitkute
2	Reason for the notification
a)	Position/status	Corporate Affairs Manager, PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Red Rock Resources Plc
b)	LEI	213800383CFWX3U42W09
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 £0.0001 each
	Identification code	ISIN: GB00BYWKBV38
b)	Nature of the transaction	Issue of Shares under Share Incentive Plan
c)	Price(s) and volume(s)		Name Price(s) Volume(s) Rasa Vaitkute £0.00425 847,058
d)	Aggregated information
	- Aggregated volume	N/A
	- Aggregated Price	N/A
e)	Date of the transaction	5 May 2022
f)	Place of the transaction	Outside a trading venue

 

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