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Corcel PLC (CRCL)

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Wednesday 12 May, 2021

Corcel PLC

Share Incentive Plan and Directors' Dealings

RNS Number : 4512Y
Corcel PLC
12 May 2021
 

Corcel PLC

("Corcel" or the "Company")

 

Issue of Shares under Share Incentive Plan and Director's Dealings

 

 

12 May 2021

 

Corcel Plc, ("Corcel" or "the Company"), the natural resource exploration and development company with interests in battery metals and flexible grid solutions, announces that on 12 May  2021, the Company was notified that James Parsons, Chairman, sold and repurchased within a SIPP an aggregate 3,089,773 ordinary shares of £0.0001 each in the Company ("Ordinary Shares").

 

Specifically, on 12 May 2021, James Parsons sold a total of 3,089,773 Ordinary Shares at a price of £0.021 per Ordinary Share and on 12 May 2021 repurchased 3,089,773 Ordinary Shares at a price of £0.022 per Ordinary Share. 

 

Following the transaction, Mr. Parsons remains beneficially interested in 3,089,773 Ordinary Shares, which equates to 0.80% of the Company's total issued share capital.

 

Issue of Shares under Share Incentive Plan

 

On 12 May 2021, the Board of Directors approved the issuance of 1,116,994 ordinary shares of £0.0001 each in the Company ("New Ordinary Shares") under the Company's Share Incentive Plan ("SIP") for the 2020/21 tax year as agreed in the Trustees meeting held on 1 April 2021.

 

Director's Participation

 

In respect of the 2020/2021 tax year, Mr. Kaintz has purchased and been awarded 803,951 New Ordinary Shares under the SIP. These shares issued to Mr. Kaintz have been included in the table below, which sets out the total shareholding and interests of the Director in the enlarged share capital of the Company.

 

 

 

 

 

 

 

 

 
 

 

 

 

 

 

 

 

 

 

Scott Kaintz

803,951

1,863,467

1,754,275*

3,617,742

0.94%

2,185,417

3,164,767

 

 

* Mr. S. Kaintz is a beneficiary of 1,754,275 shares held on his behalf by Corcel Plc Share Incentive Plan Trustees.

 

Admission to trading on AIM and Total Voting Rights

 

Application is being made to AIM for 1,116,994 New Ordinary Shares allotted in relation to the SIP for 2020/21 tax year to be admitted to trading on AIM. Admission of the 1,116,994 New Ordinary Shares is expected on or around 18 May 2021.

 

Following the issue of the 1,116,994 New Ordinary Shares, the issued share capital of the Company consists of 384,787,602 ordinary shares of £0.0001 each with voting rights. No ordinary shares are held in Treasury.

 

The above figure of 384,787,602 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.

 

For Further Information Contact:

Scott Kaintz 0207 747 9960      Executive Director Corcel Plc

Roland Cornish/Rosalind Hill Abrahams  0207 628 3396                  NOMAD Beaumont Cornish Limited
Thomas Smith   020 7392 1432          Broker   Monecor (London) Ltd (ETX Capital)

Simon Woods   0207 3900 230                                                                 IR   Vigo Communications     

 

  This announcement contains inside information under Article 7 of Regulation (EU) 596/2014.

 

1

Details of the person discharginmanagerial responsibilities / person closely associated

a)

Name

James Parsons

 

2

Reason for notification

a)

Position / status

Executive Chairman, PDMR

 

b)

I nitial notification

/Amendment

Initial Notification

3

Details of the issueremission allowance market participant, auctionplatform, auctioneer or auction monitor

a)

Name

Corcel Plc

 

b)

LEI

LEI:  2138009ECXQQ3EGKVY57

 

 

4

Details of the transaction(s): section to be repeated for (i) each type ofinstrument(ii) each type of transaction; (iii) each date; and (iv) each placwhere transactionhave been conducted

a)

Description of the financial instrument, type of instrument

 

  I d e ntification code

Ordinary shares of £0.0001 each in Corcel Plc

 

 

ISIN GB00BKM69866

 

 

Nature of the transaction

Sale of 3,089,773 Ordinary Shares of £0.0001 at a price of £0.021 per share.

Purchase of 3,089,773 Ordinary Shares of £0.0001 at a price of £0.022 per share.

 

c)

Price(s) and volumes(s)

 

  Name(s)

Price(s)

Volumes(s)

James Parson

£0.021

£0.022

3,089,773

3,089,773

 

d)

Aggregated information

Aggregated Volume

 

Aggregated
Price

N/A

 

N/A

 

N/A

 

e)

Date of the transaction

12 May 2021

f)

Place of the transaction

London Stock Exchange, AIM

 

 

1

Details of the person discharginmanagerial responsibilities / person closely associated

a)

Name

Scott Kaintz

 

2

Reason for notification

a)

Position / status

Executive Director, PDMR

 

b)

I nitial notification

/Amendment

Initial Notification

3

Details of the issueremission allowance market participant, auctionplatform, auctioneer or auction monitor

a)

Name

Corcel Plc

 

b)

LEI

LEI:  2138009ECXQQ3EGKVY57

 

 

4

Details of the transaction(s): section to be repeated for (i) each type ofinstrument(ii) each type of transaction; (iii) each date; and (iv) each placwhere transactionhave been conducted

a)

Description of the financial instrument, type of instrument

 

  I d e ntification code

Ordinary shares of £0.0001 each in Corcel Plc

 

 

ISIN GB00BKM69866

 

 

Nature of the transaction

Issue of ordinary shares under Corcel Plc Share Incentive Plan

c)

Price(s) and volumes(s)

 

  Name(s)

Price(s)

Volumes(s)

 Scott Kaintz

£0.0115

£0.0110

313,043

490,908

 

d)

Aggregated information

Aggregated Volume

 

Aggregated
Price

 

 

803,951 shares

 

 

£0.011195

 

e)

Date of the transaction

12 May 2021

f)

Place of the transaction

Outside of trading venue

 

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