Issuance of Share Incentive Awards
Summary by AI BETAClose X
12 February 2026
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 2,918,813 Restricted Share Units ("RSUs") and 3,455,000 Options under the Company's Long-Term Incentive Plans relating to performance in 2025, and a total of 880,932 Performance Share Units ("PSUs") relating to performance from 1 January 2023 to 31 December 2025.
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 2025 to 31 December 2025. The RSUs will vest two years from the date of grant, being 12 February 2028. 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 |
1,592,080 |
12 February 2026 |
12 February 2028 |
|
Cherif Rifaat |
CFO |
1,326,733 |
12 February 2026 |
12 February 2028 |
|
Total |
|
2,918,813 |
|
|
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 7.10p being the price at close on 11 February 2026. 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 |
7.10p |
12 February 2026 |
12 February 2031 |
|
Graham Brown |
Non-executive Director |
250,000 |
7.10p |
12 February 2026 |
12 February 2031 |
|
Peter Secker |
Non-executive Director |
250,000 |
7.10p |
12 February 2026 |
12 February 2031 |
|
Employees and Consultants |
2,605,000 |
7.10p |
12 February 2026 |
12 February 2031 |
|
|
Total |
|
3,455,000 |
|
|
|
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 2023 to 31 December 2025. The PSUs will vest two years from the date of grant, being 12 February 2028. 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 |
480,508 |
12 February 2026 |
12 February 2028 |
|
Cherif Rifaat |
CFO |
400,424 |
12 February 2026 |
12 February 2028 |
|
Total |
|
880,932 |
|
|
ENDS
For further information visit the Zinnwald website www.zinnwaldlithium.com or sign up to our investor community to connect directly with the management team investors.zinnwaldlithium.com/auth/signup.
|
Anton du Plessis Cherif Rifaat
Submit questions via the Zinnwald investor hub |
Zinnwald Lithium plc |
|
|
David Hart
|
Allenby Capital (Nominated Adviser) |
+44 (0) 20 3328 5656 |
|
Michael Seabrook Adam Pollock Jessica Cave |
Oberon Capital Ltd (Broker) |
+44 (0) 20 3179 5300 |
|
Isabel de Salis Paul Dulieu |
St Brides Partners (Financial PR) |
zinnwald@stbridespartners.co.uk
|
Notes
AIM quoted Zinnwald Lithium plc (EPIC: ZNWD.L) is focused on becoming an important supplier of lithium hydroxide to Europe's fast-growing battery sector. The Company owns 100% of the Zinnwald Lithium Project in Germany, which has an approved mining licence, 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 |
12 February 2026 |
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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 |
12 February 2026 |
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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 |
|||||||||||||
|
a) |
Position/status |
See 1a) |
||||||||||||
|
b)
|
Initial notification /Amendment |
Initial notification |
||||||||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||||||||||
|
a) |
Name |
Zinnwald Lithium plc |
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|
b) |
LEI |
213800LXW3HPZ7ZSBE37 |
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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 |
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 |
12 February 2026 |
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f) |
Place of the transaction |
Outside a trading venue |
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