Issuance of Share Incentive Awards
31 January 2025
Zinnwald Lithium plc
("Zinnwald Lithium" or the "Company")
Issuance of Share Incentive Awards
Zinnwald Lithium plc (AIM: ZNWD), the German focussed lithium development company, announces the grant of a total of 2,624,814 Restricted Share Units ("RSUs") and 3,600,000 Options under the Company's Long-Term Incentive Plans relating to performance in 2024, and a total of 694,061 Performance Share Units ("PSUs") relating to performance from 1 January 2022 to 31 December 2024.
The RSUs being granted to Executive Management under the terms of the RSU Scheme, approved by shareholders in October 2020, relate to the performance period that ran from 1 January 2024 to 31 December 2024. The RSUs will vest two years from the date of grant, being 31 January 2027, and the related shares (or cash alternative at the Company's discretion) will be issued on that date. The RSUs are being granted to Executive Management on the following basis:
|
Name |
Role |
No of RSUs |
Grant Date |
Vesting Date |
|
Anton du Plessis |
CEO |
1,431,762 |
31 January 2025 |
31 January 2027 |
|
Cherif Rifaat |
CFO |
1,193,052 |
31 January 2025 |
31 January 2027 |
|
Total |
|
2,624,814 |
|
|
The Options have been granted to employees, consultants and Directors under the terms of the Scheme put in place at the time of the Company's original IPO in 2017. These Options to acquire ordinary shares in the capital of the Company have been granted at a price of 7.50p being the price at close on 30 January 2025. Such options vest as to 1/3 on the date of grant and an additional 1/3 on each of the first and second anniversaries of the date of grant and are exercisable for a period of five years. The Options are being granted on the following basis:
|
Name |
Role |
No of Options |
Issue Price |
Grant Date |
Expiry Date |
|
Jeremy Martin |
Non-executive Chairman |
350,000 |
7.50p |
31 January 2025 |
31 January 2030 |
|
Graham Brown |
Non-executive Director |
250,000 |
7.50p |
31 January 2025 |
31 January 2030 |
|
Peter Secker |
Non-executive Director |
250,000 |
7.50p |
31 January 2025 |
31 January 2030 |
|
Employees and Consultants |
2,750,000 |
7.50p |
31 January 2025 |
31 January 2030 |
|
|
Total |
|
|
|
|
|
The PSUs being granted to Executive Management under the terms of the PSU Scheme, approved by shareholders in October 2020, relate to the performance period that ran from 1 January 2022 to 31 December 2024. The PSUs will vest two years from the date of grant, being 31 January 2027. The PSUs are being granted to Executive Management on the following basis:
|
Name |
Role |
No of PSUs |
Grant Date |
Vesting Date |
|
Anton du Plessis |
CEO |
435,083 |
31 January 2025 |
31 January 2027 |
|
Cherif Rifaat |
CFO |
258,978 |
31 January 2025 |
31 January 2027 |
|
Total |
|
694,061 |
|
|
For further information contact:
|
Anton du Plessis |
Zinnwald Lithium plc |
info@zinnwaldlithium.com |
|
David Hart Dan Dearden-Williams |
Allenby Capital Limited (Nominated Adviser) |
+44 (0) 20 3328 5656 |
|
Mike Seabrook Adam Pollock |
Oberon Capital (Joint Broker) |
+44 (0) 20 3179 5344 +44 (0) 20 3179 5315 |
|
Richard Greenfield Charles Bendon |
Tamesis Partner LLP (Joint Broker) |
+44 (0) 20 3882 2868 |
|
Isabel de Salis Paul Dulieu |
St Brides Partners (Financial PR) |
zinnwald@stbridespartners.co.uk |
Notes
Zinnwald Lithium plc (EPIC: ZNWD.L) is an AIM quoted, German focused lithium development company focussed on becoming an important supplier to Europe's fast-growing battery sector. The Company owns the Zinnwald Lithium Project in Germany, an advanced development project with attractive economics and approved mining licence. Its PEA, published in September 2022 highlighted the positive economics of the Project with a Pre-tax NPV8 of US$1,605m, IRR of 39.0%, $192m EBITDA and a payback of just 3.3 years. The Project is located in the heart of Europe's chemical and automotive industries and has the potential to be one of Europe's more advanced battery grade lithium projects.
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
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2 |
Reason for the notification |
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a) |
Position/status |
See 1a) |
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b)
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Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Zinnwald Lithium plc |
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b) |
LEI |
213800LXW3HPZ7ZSBE37 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument Identification code |
RSUs in relation to ordinary shares of GBP0.01 each in Zinnwald Lithium plc (or cash alternative at the Company's discretion)
Identification code (ISIN) for Zinnwald Lithium plc ordinary shares: GB00BFN4GY99 |
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b) |
Nature of the transaction |
Grant of RSUs
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
n/a |
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e) |
Date of the transaction |
31 January 2025 |
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f) |
Place of the transaction |
Outside a trading venue |
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a)
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Description of the financial instrument, type of instrument
Identification code |
PSUs in relation to ordinary shares of GBP0.01 each in Zinnwald Lithium plc (or cash alternative at the Company's discretion) Identification code (ISIN) for Zinnwald Lithium plc ordinary shares: GB00BFN4GY99 |
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b) |
Nature of the transaction |
Grant of PSUs
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
n/a |
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e) |
Date of the transaction |
31 January 2025 |
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f) |
Place of the transaction |
Outside a trading venue |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
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2 |
Reason for the notification |
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a) |
Position/status |
See 1a) |
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b)
|
Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a) |
Name |
Zinnwald Lithium plc |
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b) |
LEI |
213800LXW3HPZ7ZSBE37 |
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4
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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 |
|||||||||||||
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a)
|
Description of the financial instrument, type of instrument Identification code |
Options over ordinary shares of GBP0.01 each in Zinnwald Lithium plc
Identification code (ISIN) for Zinnwald Lithium plc ordinary shares: GB00BFN4GY99 |
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b) |
Nature of the transaction |
Grant of options over ordinary shares
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
n/a |
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e) |
Date of the transaction |
31 January 2025 |
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f) |
Place of the transaction |
Outside a trading venue |
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