Director/PDMR Shareholding

RNS Number : 4805L
Rockfire Resources PLC
13 May 2022
 

13 May 2022 

Rockfire Resources plc

 

("Rockfire" or the "Company")

 

Shares Issued for Director Fees instead of Cash

 

Director/PDMR Shareholding

 

Rockfire Resources plc (LON: ROCK), the gold and base-metal explorer,  announces that in accordance with the service agreement between Patrick Elliott and the Company, 1,750,000 new ordinary shares in the Company (the "Fee Shares") have been issued to Patrick Elliott for all of his services as a Non-Executive Director of the Company for the period 1 January 2022 to 31 March 2022. These shares are being issued to Mr Elliott instead of cash for his director and committee fees.

 

The Fee Shares are being issued, whereby he agreed to accept his annual remuneration as new ordinary shares in the Company instead of cash. Under the terms of his service agreement, the shares become due at the end of each quarter and will be allotted by the Board on an ad-hoc basis.

 

This issue of shares includes his director's remuneration for the March 2021 quarter, plus his fees payable as a member of the Audit & Remuneration committees for the quarter. The issue price is 0.4 pence per share, calculated using the closing mid-market price per share on the final trading day of the quarter.

 

Application has been made for the admission of the Fee Shares to trading on AIM ("Admission").  It is anticipated that Admission will become effective on or around 8.00 a.m. on 20 May 2022. 

 

On Admission, Patrick Elliott will have an interest in 15,447,893 Shares, representing approximately 1.42 per cent. of the issued share capital of the Company, as enlarged by the Fee Shares. The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation, is appended below.

 

Total Voting Rights

 

Following Admission, the total number of ordinary shares and voting rights in the Company will be 1,085,444,195 . The Company does not hold any shares in treasury. From Admission, the above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.  

 

For further information on the Company, please visit    www.rockfireresources.com  or contact the following: 

Rockfire Resources plc:

info@rockfireresources.com

David Price, Chief Executive Officer




Allenby Capital Limited (Nominated Adviser & Broker)

Tel: +44 (0) 20 3328 5656

John Depasquale / George Payne (Corporate Finance)

Matt Butlin / Kelly Gardner (Sales and Corporate Broking)


Yellow Jersey

rockfire@yellowjerseypr.com

Sarah Hollins / Henry Wilkinson

Tel: +44 (0) 20 3004 9512

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.  

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Patrick Elliott

2

Reason for the notification

a)

Position/status

(Non-Executive Director) 

b)

 

Initial notification /Amendment

Initial notification

3

 

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

a)

Name

Rockfire Resources plc

b)

LEI

213800THSZQSFKTXOI24

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

 Identification code

Ordinary Shares of 0.1p each

 

Identification code (ISIN) for Rockfire Resources plc ordinary shares:
GB00B42TN250

 

b)

Nature of the transaction

Issue of ordinary shares in consideration of payment of director fees

 

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

0.4p

 

1,750,000

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

As above

 

e)

Date of the transaction

12 May 2022

f)

Place of the transaction

Outside a trading venue

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFLFVLEVIVLIF
UK 100