Red Rock Resources

Option Exercise, Directors' Dealings and TVR

RNS Number : 4547Z
Red Rock Resources plc
25 January 2022
 

Red Rock Resources PLC

("Red Rock" or the "Company")

Issue of Shares upon Exercise of Options

Directors' Dealings

 

25 January 2022

 

Red Rock Resources Plc, the natural resource development company focussed on gold, with developing interests in copper, cobalt, and other minerals, announces the below events.

 

Director Dealings

 

On 20 January 2022, the Board has been informed that Mr Scott Kaintz, a Director of the Company, has sold 1,785,714 ordinary shares of Red Rock Resources Plc at a price of £0.00575 per share.

 

Options Exercise

 

On 20 January 2022, the Board of Directors approved the issuance of 5,670,000 ordinary shares of £0.0 001 each in the Company, pursuant to the exercise of 2016 options into ordinary shares of the Company at an exercise price of £0.0045 per ordinary share.

 

Following the exercise of 2016 options, the Company has received £25,515.

 

Directors' Participation

 

The table below sets out the total shareholding and interests of the Company Directors in the share capital of the Company, following the shares sale and exercise of options:

 

 

Directors

New Ordinary Shares

Ordinary Shares Post Issuance

Total Shares

% of Enlarged Issued Share Capital

Options

Warrants

 
 

 

 

Direct*

Indirect**

 

 

 

 

 

Andrew R M Bell

2,880,000

32,316,883

15,396,487

47,713,370

3.90%

25,880,000

-

 

Scott Kaintz

2,340,000

3,072,093

15,396,487

18,468,580

1.51%

17,840,000

-

 

Sam Quinn

450,000

2,656,766

13,421,944

16,078,710

1.32%

3,450,000

-

 

 

 

Admission to trading on AIM and Total Voting Rights

 

Application is being made to AIM for 5,670,000 new ordinary shares to be admitted to trading on AIM, the admission of which it is expected on or around 28 January 2022.

 

Following the issue of the 5,670,000 new ordinary shares, the issued share capital of the Company consists of 1,222,378,801 ordinary shares of £0.0001 each with voting rights. No ordinary shares are held in Treasury.

 

The above figure of 1,222,378,801 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 Company under the Disclosure and Transparency Rules.

 

 

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.

 

For further information, please contact:

Andrew Bell 0207 747 9990  Chairman Red Rock Resources Plc

Scott Kaintz 0207 747 9990  Director 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     

 

The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Andrew R M Bell

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

 

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

 

2,880,000 EMI options exercise at £0.0045 per ordinary share.

c)

 

Price(s) and volume(s)

 

Name

Price(s)

Volume(s)

Andrew R M Bell

 

£0.0045

 

2,880,000

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

2,880,000

 

 

- Price

£0.0045

 

 

e)

 

Date of the transaction

 

20 January 2022

f)

 

Place of the transaction

 

London, outside 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

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

 

Sale of 1,785,714 Red Rock Resources Plc ordinary shares at £0.00575 per ordinary share.

2,340,000 EMI options exercise at £0.0045 per ordinary share.

c)

 

Price(s) and volume(s)

 

Name

Price(s)

Volume(s)

Scott Kaintz

 

£0.00575

£0.0045

1,785,714

2,340,000

 

 

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume (sale)

 

1,785,714

- Price (sale)

 

£0.00575

- Aggregated volume (options exercise)

2,340,000

- Price (options exercise)

£0.0045

 

 

e)

 

Date of the transaction

 

20 January 2022

f)

 

Place of the transaction

 

Shares sale - London Stock Exchange - AIM

Options Exercise - London outside 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

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

 

450,000 options exercise at £0.0045 per ordinary share.

c)

 

Price(s) and volume(s)

 

Name

Price(s)

Volume(s)

Sam Quinn

 

£0.0045

450,000

 

 

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

450,000

- Price

£0.0045

 

 

e)

 

Date of the transaction

 

20 January 2022

f)

 

Place of the transaction

 

London, outside trading venue

 

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