TIDMALS
RNS Number : 3648B
Altus Strategies PLC
11 February 2022
Altus Strategies Plc / Index (EPIC): AIM (ALS); TSX-V (ALTS);
OTCQX (ALTUF) / Sector: Mining
11 February 2022
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 3,425,000 ordinary shares of GBP0.05 each
in the Company ("Ordinary Shares") to certain directors, employees
and consultants of the Company. The Share Options have exercise
prices of GBP0.65 for 3,125,000 Ordinary Shares ("Grant A") and
GBP0.7315 for 300,000 Ordinary Shares ("Grant B"), representing an
11.1% and 25.0% premium respectively to the price of the Ordinary
Shares as at the close of trading on AIM on 9 February 2022. The
Share Options are exercisable for five years from the date of
grant. Details of the grants are set out in Tables 1 and 2
below.
Share Option Summary
The Share Options have been granted under the Company's 2019
Share Option Scheme, which was adopted by shareholders at the
Annual General Meeting in June 2020. Following this grant of Share
Options, the Company will have issued Share Options to purchase a
total of 9,100,000 Ordinary Shares, representing 7.8% of the
Company's issued share capital of 117,321,678 Ordinary Shares.
Table 1. Share Option Summary
Date of grant 9 February 2022
Closing market price on AIM on date of grant GBP0.585
----------------
Share Options validity period 5 years
----------------
Share Options vesting period Up to 18 months
----------------
Grant A: Exercise price per Ordinary Share GBP0.65
----------------
Grant A: Number of Ordinary Shares subject to Share
Options granted 3,125,000
----------------
Grant B: Exercise price per Ordinary Share GBP0.7315
----------------
Grant B: Number of Ordinary Shares subject to Share
Options granted 300,000
----------------
Total Number of Ordinary Shares subject to Share
Options granted 3,425,000
----------------
Share Option Vesting Conditions
For executive Directors and employees, the Share Options vest in
two equal tranches at 12 months and 18 months from the date of
grant. Vesting is conditional on the holder remaining with the
Company during the relevant period. For non-executive Directors,
the Share Options vest in a single tranche on the date of
grant.
Share Options Granted to Directors and PDMR
Share Options to purchase a total of 2,450,000 Ordinary Shares
were granted to Directors and those employees considered as a
Person Discharging Managerial Responsibilities ("PDMR"). The
balance of the Share Options (to purchase 975,000 Ordinary Shares)
were granted to Company employees and consultants.
Table 2: Share Options Granted to Directors and PDMR
PDMR Position Number Number of Ordinary
of Ordinary Shares subject
Shares to Share Options
subject granted as a
to Share % of the Company's
Options current issued
granted share capital
David Netherway Non-Executive Chairman 250,000 0.21%
----------------------------- ------------- --------------------
Karim Nasr Non-Executive Director 175,000 0.15%
----------------------------- ------------- --------------------
Robert Milroy(1) Non-Executive Director 200,000 0.17%
----------------------------- ------------- --------------------
Michael Winn Non-Executive Director 175,000 0.15%
----------------------------- ------------- --------------------
Steven Poulton Chief Executive & Director 500,000 0.43%
----------------------------- ------------- --------------------
Matthew Grainger Executive Director 300,000 0.26%
----------------------------- ------------- --------------------
Alister Hume Chief Investment Officer 300,000 0.26%
----------------------------- ------------- --------------------
Martin Keylock Chief Financial Officer 150,000 0.13%
----------------------------- ------------- --------------------
Sandra Bates General Counsel 100,000 0.09%
----------------------------- ------------- --------------------
Legal Counsel & Company
Amilha Young Secretary 100,000 0.09%
----------------------------- ------------- --------------------
William Slater VP Operations 100,000 0.09%
----------------------------- ------------- --------------------
Richard Belcher Senior Consultant Geologist 100,000 0.09%
----------------------------- ------------- --------------------
Total 2,450,000 2.09%
------------- --------------------
Notes:
1. Granted in the name of Milroy Capital Ltd
2. Percentages subject to rounding
Notification and public disclosure of transactions by PDMRs and
persons closely associated with them.
1 Details of the Person Discharging Managerial Responsibilities
/ persons closely associated
a) Name 1. David Netherway
2. Karim Nasr
3. Robert Milroy
4. Michael Winn
5. Steven Poulton
6. Matthew Grainger
7. Alister Hume
8. Martin Keylock
9. Sandra Bates
10. Amilha Young
11. William Slater
12. Richard Belcher
-------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status 1. Non-Executive Chairman
2. Non-Executive Director
3. Non-Executive Director
4. Non-Executive Director
5. Chief Executive & Director
6. Executive Director
7. Chief Investment Officer
8. Chief Financial Officer
9. General Counsel
10. Legal Counsel & Company Secretary
11. VP Operations
12. Senior Consultant Geologist
-------------------------- ---------------------------------------
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 GBP0.65
Volumes
1. 250,000
2. 175,000
3. 200,000
4. 175,000
5. 500,000
6. 300,000
7. 300,000
8. 150,000
9. 100,000
10. 100,000
11. 100,000
12. 100,000
-------------------------- ---------------------------------------
e) Aggregated information
Aggregated volume Share Options: 2,450,000
Price Exercise price: GBP0.65
f) Date of the transactions 9 February 2022
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 Corporate Finance LLP (Nominated
Adviser) Tel: +44 (0) 20 3470 0470
Richard Morrison / Adam Cowl
SP Angel Corporate Finance LLP (Broker)
Grant Barker Tel: +44 (0) 20 3470 0471
Rob Rees Tel: +44 (0) 20 3470 0535
Shard Capital Partners LLP (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 differentiated approach
of generating royalties on its own discoveries in Africa and
acquiring royalties globally 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 Organisation 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. Upon publication
of this announcement, the inside information is now considered to
be in the public domain for the purposes of MAR.
**END**
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