TIDMROCK

RNS Number : 6365F

Rockfire Resources PLC

10 March 2020

10 March 2020

Rockfire Resources plc

("ROCK", "Rockfire" or "the Company")

Issue of Fee Shares

Director/PDMR Shareholding

Rockfire Resources plc (LON: ROCK), the gold and base-metal focused explorer, announces that 3,530,691 new ordinary shares in the Company (the "Fee Shares") have been issued to Patrick Elliott for his services as Non-Executive Director of the Company for the period from 26 February 2019 to 31 December 2019, in lieu of director fees.

The Fee Shares are being issued in accordance with the service agreement between Patrick Elliott and the Company. Under the terms of his service agreement, the Fee Shares became due at the end of each quarter and will be allotted by the Board on an ad-hoc basis. The volume weighted average issue price of the Fee Shares is 0.57 pence per share, calculated using the closing mid-market price per ordinary share in the Company on the final trading day of each quarter.

Application has been made for the admission of the Fee Shares to trading on AIM ("Admission"). It is anticipated that Admission will become effective at 8.00 a.m. on 13 March 2020. On Admission, Patrick Elliott will have an interest in 6,471,867 ordinary shares in the Company, representing approximately 1.02 per cent. of the Company's issued share capital as enlarged by the Fee Shares. The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation, is appended below.

Total Voting Rights

Following Admission, the total number of ordinary shares and voting rights in the Company will be 632,938,535 . The Company does not hold any shares in treasury. From Admission, the above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.

For further information on the Company, please visit www.rockfireresources.com or contact the following:

 
 Rockfire Resources plc                 Email: info@rockfireresources.com 
 David Price, Chief Executive Officer 
 
 Allenby Capital Limited                Tel: +44 (0) 20 3328 5656 
  (Nominated Adviser and Broker) 
 John Depasquale/Asha Chotai

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                       Patrick Elliott 
     -------------------------  ------------------------------------------ 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status            Non-Executive Director 
     -------------------------  ------------------------------------------ 
 b)   Initial notification       Initial notification 
       /Amendment 
     -------------------------  ------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                       Rockfire Resources plc 
     -------------------------  ------------------------------------------ 
 b)   LEI                        213800THSZQSFKTXOI24 
     -------------------------  ------------------------------------------ 
 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             Ordinary shares of 0.1p each 
       the financial 
       instrument, type           Identification code (ISIN) for Rockfire 
       of instrument              Resources plc ordinary shares: 
       Identification             GB00B42TN250 
       code 
     -------------------------  ------------------------------------------ 
 b)   Nature of the              Issue of ordinary shares in consideration 
       transaction                of payment of director fees 
     -------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                    0.775p     258,064 
                                     0.7p       857,143 
                                     0.31p      1,935,484 
                                     1.25p      480,000 
                                              ----------- 
     -------------------------  ------------------------------------------ 
 d)   Aggregated information     - aggregated volume - 3,530,691 
       - Aggregated volume        - volume weighted average price - 0.57p 
       - Price 
     -------------------------  ------------------------------------------ 
 e)   Date of the transaction    10 March 2020 
     -------------------------  ------------------------------------------ 
 f)   Place of the transaction   Outside a trading venue 
     -------------------------  ------------------------------------------

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

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