TIDMBEN

RNS Number : 1240Y

Bens Creek Group PLC

29 December 2023

29 December 2023

Bens Creek Group plc

("Bens Creek", the "Group" or the "Company")

Exercise of share options by Director

Bens Creek Group plc (AIM:BEN), the owner of a metallurgical coal mine in North America supplying the steel industry, announces that Robin Fryer, Non-Executive Chairman of the Company and a person discharging managerial responsibility (a "PDMR"), on 28 December 2023, exercised options to subscribe for 300,000 new ordinary shares of 0.1 pence each in the Company at an exercise price of 5 pence per share (the "New Ordinary Shares"). The exercise of these options has generated GBP15,000 for the Company.

Application will be made shortly for the New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around 5 January 2024.

Following the exercise of the options, Robin Fryer holds 300,000 New Ordinary Shares in the Company equivalent to 0.08 per cent. of the issued share capital of the Company.

The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation, is appended further below.

Upon Admission, the Company's issued share capital will consist of 399,873,728 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 399,873,728. With effect from Admission, this figure may be used by shareholders in the Company 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 under the FCA's Disclosure Guidance and Transparency Rules.

For further information please contact:

 
 Bens Creek Group plc 
  Adam Wilson, CEO 
  Peter Shea, Chief of Staff               +44 (0) 204 558 2300 
 Allenby Capital Limited (Nominated 
  Adviser and Joint Broker) 
  Nick Athanas / Nick Naylor / George 
  Payne (Corporate Finance) 
  Kelly Gardiner (Sales and Corporate 
  Broking)                                 +44 (0) 203 328 5656 
 
   WH Ireland Limited (Joint Broker) 
   Harry Ansell / Katy Mitchell            +44 (0) 207 220 1666

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                         Robin Fryer 
      ---------------------------  --------------------------------------- 
 2     Reason for the notification 
      -------------------------------------------------------------------- 
 a)    Position/status              Non-Executive Chairman 
      ---------------------------  --------------------------------------- 
 b)    Initial notification         Initial 
        /Amendment 
      ---------------------------  --------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------- 
 a)    Name                         Bens Creek Group plc 
      ---------------------------  --------------------------------------- 
 b)    LEI                          213800I3FGJ7KAZGEG14 
      ---------------------------  --------------------------------------- 
 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               Ordinary Shares of 0.1 pence each 
        the financial 
        instrument, type 
        of instrument 
 
       Identification               GB00BP814F22 
        code 
 
 b)    Nature of the                Exercise of Options over the Ordinary 
        transaction                  Shares in the Company 
      ---------------------------  --------------------------------------- 
 c)    Price and volume             Price: 5 pence per option 
                                     Volume: 300,000 
      ---------------------------  --------------------------------------- 
 d)    Aggregated information 
 
  Aggregated volume                 300,000 
 
  Price                             5 pence per option 
 
   Principal amount                  GBP15,000 
 
 e)    Date of the transaction      28 December 2023 
      ---------------------------  --------------------------------------- 
 f)    Place of the transaction     Outside of a trading venue 
      ---------------------------  ---------------------------------------

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END

DSHFEAESAEDSEIE

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December 29, 2023 02:00 ET (07:00 GMT)

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