TIDMGROC

RNS Number : 8336R

GreenRoc Mining PLC

08 July 2022

GreenRoc Mining Plc / EPIC: GROC / Market: AIM / Sector: Mining

8 July 2022

GreenRoc Mining Plc

("GreenRoc" or the "Company")

Grant of Share Options

GreenRoc Mining Plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, announces the grant on 8 July 2022 of 1,000,000 share options over ordinary shares in the Company ("Options") to Stefan Bernstein, Chief Executive Officer of the Company, as follows:

Option Award

 
 Director / Senior Management    New Options      Exercise price   Vesting Date   Total Options Granted 
                                              ------------------ 
 Mr Stefan Bernstein                 333,333       10 pence        1 July 2023 
                                     333,333       10 pence        1 July 2024 
                                     333,334       10 pence        1 July 2025 
 Total                             1,000,000                                                  1,000,000 
                                ------------  ------------------  -------------  ---------------------- 
 

The Options are awarded subject to the terms, conditions and rules set out in the Greenroc Mining Plc Long Term Incentive Plan (the "LTIP Rules").

Subject as aforesaid, the Options shall be exercisable at the exercise price and from the vesting dates set out above, unless an earlier event occurs to cause them to become exercisable or to lapse under the LTIP Rules.

The Options shall lapse on 28 September 2026, to the extent they are not exercised before then and provided no event occurs to cause them to lapse earlier under the LTIP Rules.

The Options granted represent approximately 0.9% of the current issued share capital of the Company. On a fully diluted basis the Options represent approximately 0.9% of the enlarged issued share capital of the Company (assuming the Options are exercised in full and no additional ordinary shares are issued save for those in connection with such exercise).

For further information, please contact:

 
 GreenRoc Mining Plc 
  Stefan Bernstein, CEO                     +44 20 3950 0724 
 Cairn Financial Advisers LLP (NOMAD) 
  James Caithie / Sandy Jamieson /Louise 
  O'Driscoll                                +44 20 7213 0880 
                                           ----------------- 
 ETX Capital (Broker) 
  Tom Curran / Thomas Smith                 +44 20 7392 1494 
                                           ----------------- 
 St Brides Partners Ltd (Financial PR 
  & IR) 
  Susie Geliher / Charlotte Page            +44 20 7236 1177 
                                           ----------------- 
 

About GreenRoc

GreenRoc Mining Plc is an AIM-quoted company, which is developing mining projects in Greenland in critical, high-demand and high-value minerals.

Led by a group of highly experienced mining industry professionals with considerable knowledge of the Greenlandic mining sector, GreenRoc has a portfolio of 100% owned projects:

-- Amitsoq Graphite , one of the highest-grade graphite deposits in the world with a combined Indicated and Inferred JORC Resource of 8.28 million tonnes (Mt) at an average grade of 19.75% giving a total graphite content of 1.63 Mt;

-- Thule Black Sands Ilmenite ('TBS'), which has an initial Mineral Resource of 19Mt@ 43.6% Total Heavy Minerals with an in-situ ilmenite grade of 8.9%;

-- Melville Bay Iron , which has a Mineral Resource Estimate of 67Mt at 31.4% iron and has been proven to be processable to a high-grade, 70% concentrate with low impurities; and

-- Inglefield Multi-Element , which has the potential to host a range of mineralisation styles, including iron oxide-copper-gold.

Notification and public disclosure of transactions by persons discharging managerial responsibilities

and persons closely associated with them

 
      Details of the persons discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                            Stefan Bernstein 
     ------------------------------  ------------------------------------------- 
      Reason for the notification 
  2 
     --------------------------------------------------------------------------- 
 a)   Position/Status                 Chief Executive Officer 
     ------------------------------  ------------------------------------------- 
 b)   Initial notification/           Initial notification 
       Amendment 
     ------------------------------  ------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------- 
 a)   Name                            GreenRoc Mining plc 
     ------------------------------  ------------------------------------------- 
 b)   LEI                             213800OAVF2KQAD11380 
     ------------------------------  ------------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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 
       instrument, type                 Options over ordinary shares of GBP0.001 
       of                               each 
       instrument 
                                        GB00BLD3C518 
       Identification 
       code 
     ------------------------------  ------------------------------------------- 
 b)   Nature of the transaction       Grant of share options 
     ------------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)           Volume(s) 
                                         Exercise price: 
                                          GBP0.10           1,000,000 
                                                           ---------- 
     ------------------------------  ------------------------------------------- 
 d)        Aggregated information 
 
             *    Aggregated volume 
                                        1,000,000 
 
                                        GBP0.10 
             *    Price 
     ------------------------------  ------------------------------------------- 
 e)   Date of transaction             8 July 2022 
     ------------------------------  ------------------------------------------- 
 f)   Place of transaction            London Stock Exchange 
     ------------------------------  ------------------------------------------- 
 

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END

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