TIDMALS
RNS Number : 5320J
Altus Strategies PLC
24 August 2021
Altus Strategies Plc / Index (EPIC): AIM (ALS) TSX-V (ALTS)
OTCQX (ALTUF) / Sector: Mining
24 August 2021
Altus Strategies Plc
("Altus" or the "Company")
Grant of Share Options and PDMR Notification
Altus Strategies Plc (AIM: ALS, TSX-V: ALTS, OTCQX: ALTUF)
announces that it has granted share options ("Share Options") to
acquire an aggregate of 575,000 ordinary shares of GBP0.05 each in
the Company ("Ordinary Shares") to certain employees of and
consultants to the Company. The exercise price of the Share Options
is GBP0.7315 per Ordinary Share, being the same exercise price as
all Share Options currently issued by the Company. The exercise
price represents a 17.9% premium to the price of the Ordinary
Shares as at the close of trading on AIM on 20 August 2021. A
summary of the Share Option grant is set out in Table 1.
Share Options Recipients Include:
-- Head office: Amilha Young, Company Secretary and Legal Counsel
-- Egypt focus: Mark Campbell, General Manager and Chairman of Akh Gold Holdings Ltd
-- Egypt focus: David Hall, Strategic Advisor to Akh Gold Holdings Ltd
-- Mali focus: Boubacar Thera, Corporate Manager
Amilha Young - Company Secretary and Legal counsel (UK)
Ms Young is a qualified lawyer with over 20 years of experience
in corporate governance, having worked with listed and private
companies in the financial services and natural resources sectors
in Africa and the UK. She is an independent corporate advisor at
APY Corporate Advisory Ltd and previously held company secretary
and general counsel roles with Moxico Resources Plc and Standard
Chartered Bank. Ms Young holds a Bachelor of Laws degree from the
University of Zambia, is a Qualified Legal Professional (First
Class) from the Zambia Institute of Advanced Legal Education and is
a member of Women in Mining UK.
Mark Campbell - Chairman (Akh Gold Holdings Ltd) & General
Manager (Akh Gold)
Mr Campbell is based in Cairo and has over 40 years of
experience in the mining, investment banking and petroleum
industries, with 31 of those years being in Egypt. He is the
retired former President and CEO of TSX-V listed Aton Resources
Inc, having served as a director between 2009 and 2021. Mr Campbell
was a former consultant to Pharaoh Gold Mines, a wholly owned
subsidiary of LSE and TSX listed Centamin Plc. Prior to this he was
involved in the drilling and oilfield services business, primarily
operating in Egypt and Sudan. In addition, Mr Campbell has held
senior positions with a number of investment banks, including
Salomon Brothers Inc, First Boston Corporation and Lehman Brothers
Kuhn Loeb Inc. Mr Campbell studied petroleum geology at Texas Tech
University in the United States.
David Hall - Strategic Advisor (Egypt)
Mr Hall is an economic geologist with over 35 years of
experience in the exploration and mining sector and has worked on
and assessed exploration projects and mines in over 55 countries
with both major mining companies and in establishing exploration
and development companies. Mr Hall is the Chairman and co-founder
of AIM and TSX-V listed Horizonte Minerals Plc and was the founder
of Stratex International plc, an AIM listed company that discovered
the Oksüt gold deposit, now in production with TSX listed Centerra
Gold Inc. He has extensive experience in the Arabian Nubian Shield
commencing in 1985 in Sudan and subsequently with Minex Minerals
Egypt, when he was based in Cairo from 1986 to 1990. He has also
reviewed projects in Yemen, Eritrea, Ethiopia and Saudi Arabia.
Most recently he was CEO of Thani Stratex Resources Limited which
defined a resource at the Anbat gold project in the Eastern Desert
of Egypt. Mr Hall is a fellow of the Society of Economic Geologists
and EuroGeol. He is a graduate of Trinity College Dublin in Geology
and holds a Master's Degree in Mineral Exploration from Queens
University, Kingston, Ontario (Canada).
Boubacar Thera - Corporate Manager (Mali)
Mr Thera is a Malian lawyer with over 25 years of professional
experience in the natural resources industry in Africa focused on
contract, joint venture and mining title negotiations including
direct communications with government and local private partners.
His past corporate positions include being the chairman of Petowal
Mining Company SA, a gold producer in Senegal, and a founder and
director of both Toro Gold Limited and Bambuk Minerals Limited. Mr
Thera has over 15 years of experience in social and environment
management and has been a member of mining code redrafting
commissions for Senegal, Mali and Guinea.
Share Options: Summary
The Share Options have been granted under the Company's 2019
Share Option Scheme, as adopted by shareholders at its Annual
General Meeting in June 2020. Following this grant, the Company
will have issued Share Options to purchase a total of 5,675,000
Ordinary Shares, representing 7.06% of the Company's issued share
capital of 80,391,535 Ordinary Shares.
Table 1. Summary of Grant
Date of grant 23 August 2021
Exercise price GBP0.7315
----------------
Closing (AIM) market price on date of grant GBP0.62
----------------
Number of Ordinary Shares subject to Share
Options granted 575,000
----------------
Option validity period 5 years
----------------
Option vesting period Up to 18 months
----------------
Share Options: Vesting conditions
The Share Options are exercisable for a period of five years
from grant and vest in two equal tranches after 12 months and after
18 months. Vesting is conditional on the holder remaining with the
Company during the relevant period.
Share Options: PDMR Disclosure
Of the Share Options granted, Share Options to purchase 200,000
Ordinary Shares have been granted to Persons Discharging Managerial
Responsibilities ("PDMRs") as detailed in Table 2.
Table 2: Share Options Granted to PDMRs
Number of Ordinary
Number of Shares subject to
Ordinary Shares Share Options granted
subject to as a percentage of
Share Options the Company's current
PDRM Position granted issued share capital
Company Secretary
Amilha Young & Legal Counsel 100,000 0.124%
---------------------------- ----------------- -----------------------
Director and non-executive
Chairman of Akh Gold
Holdings Ltd (100%
owned subsidiary of
Mark Campbell the Company) 100,000 0.124%
---------------------------- ----------------- -----------------------
Total 200,000 0.248%
----------------- -----------------------
Notes: Percentages subject to rounding
Notification and public disclosure of transactions by PMDRs and
persons closely associated with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. Amilha Young
2. Mark Campbell
-------------------------- ------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status 1. Company Secretary
2. Non-Executive Chairman of Akh Gold Holdings
Ltd (100% owned subsidiary of the Company)
-------------------------- ------------------------------------------------
b) Initial notification/ Initial notification
Amendment
-------------------------- ------------------------------------------------
3 Details of the issuer emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Altus Strategies plc
-------------------------- ------------------------------------------------
b) LEI 2138001P93D9LMFIUA28
-------------------------- ------------------------------------------------
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 Ordinary shares of 0.05 pence each
financial instrument,
type of instrument
b) Identification code GB00BJ9TYB96
-------------------------- ------------------------------------------------
c) Nature of the transaction Grant of Share Options
-------------------------- ------------------------------------------------
d) Price(s) and volume(s) Price for all grants: GBP0.7315
Volumes:
1. 100,000
2. 100,000
-------------------------- ------------------------------------------------
e) Aggregated information Share Options:
1. 100,000
2. 100,000
Exercise price: GBP0.7315
Aggregated volume
Price
f) Date of the transactions 20 August 2021
g) Place of the transactions Off market
-------------------------- ------------------------------------------------
For further information you are invited to visit the Company's
website www.altus-strategies.com or contact:
Altus Strategies Plc Tel: +44 (0) 1235 511 767
Steven Poulton, Chief Executive E-mail: info@altus-strategies.com
SP Angel (Nominated Adviser)
Richard Morrison / Adam Cowl Tel: +44 (0) 20 3470 0470
SP Angel (Broker)
Grant Barker / Richard Parlons Tel: +44 (0) 20 3470 0471
Shard Capital (Broker)
Isabella Pierre / Damon Heath Tel: +44 (0) 20 7186 9927
Yellow Jersey PR (Financial PR & IR) Tel: +44 (0) 20 3004 9512
Charles Goodwin / Henry Wilkinson E-mail: altus@yellowjerseypr.com
About Altus Strategies Plc
Altus Strategies (AIM: ALS, TSX-V: ALTS & OTCQX: ALTUF) is a
mining royalty company generating a diversified and precious metal
focused portfolio of assets. The Company's focus on Africa and
differentiated approach, of generating royalties on its own
discoveries as well as through financings and acquisitions with
third parties, has attracted key institutional investor backing.
The Company engages constructively with all stakeholders, working
diligently to minimise its environmental impact and to promote
positive economic and social outcomes in the communities where it
operates. For further information, please visit
www.altus-strategies.com .
TSX Venture Exchange Disclaimer
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
Market Abuse Regulation Disclosure
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
**END**
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