GreenRoc Mining PLC Grant of Share Options (8336R)
08 July 2022 - 7:15PM
UK Regulatory
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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