Arkle Resources PLC Grant of Options (3872N)
20 May 2020 - 12:28AM
UK Regulatory
TIDMARK
RNS Number : 3872N
Arkle Resources PLC
19 May 2020
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
19 May 2020
Arkle Resources PLC
("Arkle" or the "Company")
Grant of Options
Arkle Resources PLC (LON: ARK), the Irish gold and zinc
exploration and development company, is pleased to announce that
the following long-term, incentive options have today been granted
over 9,000,000 ordinary shares of EUR0.0025 in the Company ("the
Options"). The Options vest immediately, have an exercise price of
0.95 pence and an expiry date of 18 May 2027. The Options will be
distributed between the Directors as follows:
Director Number of Share Options
granted
John Teeling, Non-Executive Chairman 2,000,000
------------------------
Patrick Cullen, CEO 3,000,000
------------------------
David Cockbill, Non-Executive Director 2,000,000
------------------------
James Finn, Financial Director and Company Secretary 2,000,000
------------------------
Following this grant of options, the directors and a consultant
to the Company hold a total of 11,800,000 long-term, incentive
options, representing approximately 5.5% of the Company's issued
share capital, as enlarged by the placing announced on 18 May
2020.
ENDS
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
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: 1. John Teeling
2. Patrick Cullen
3. David Cockbill
4. James Finn
--------------------------------- ---------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------
a) Position/status: 1. Non-Executive Chairman
2. CEO
3. Non-Executive Director
4. Financial Director
and Company Secretary
--------------------------------- ---------------------------------------
b) Initial notification/Amendment: Initial notification
--------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name: Arkle Resources PLC
--------------------------------- ---------------------------------------
b) LEI:
213800CTOO8MOLMNEQ44
--------------------------------- ---------------------------------------
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 Ordinary shares of EUR0.0025
instrument, type of instrument: each
Identification code: E00B2357X72
--------------------------------- ---------------------------------------
b) Nature of the transaction: Grant of options over
ordinary shares
--------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
1. 0.95p 2,000,000
2. 0.95p 3,000,000
3. 0.95p 2,000,000
4. 0.95p 2,000,000
--------------------------------- ---------------------------------------
d) Aggregated information: Single transactions as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: 0.95 pence 9,000,000
--------------------------------- ---------------------------------------
e) Date of the transaction: 2020-05-19
--------------------------------- ---------------------------------------
f) Place of the transaction: Outside a trading venue
--------------------------------- ---------------------------------------
Enquiries:
Arkle Resources PLC
John Teeling, Chairman +353 (0) 1 833 2833
Patrick Cullen, CEO +353 (0) 87 272 1748
+44 (0) 755 237 8208
SP Angel Corporate Finance
LLP
Matthew Johnson/Soltan Tagiev +44 (0) 203 470 0470
First Equity Limited
Jason Robertson +44 (0) 207 374 2212
Blytheweigh +44 (0) 207 138 3204
Megan Ray
Teneo
Luke Hogg +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHBSGDULDBDGGC
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