TIDMRRR
RNS Number : 0002T
Red Rock Resources plc
09 October 2017
Red Rock Resources Plc
("Red Rock" or the "Company")
Issue of Shares under Share Incentive Plan and Directors'
Dealings
9 October 2017
Red Rock Resources Plc, the natural resource investment and
development company, announces that on 6 October 2017 the Board of
Directors approved the issuance of 2,880,000 ordinary shares in the
Company ("Ordinary Shares") under the Company's Share Incentive
Plan ("SIP") for the 2017/18 tax year as agreed in the Trustees
meeting held on 6 October 2017.
Under the terms of the SIP, once employees have satisfactorily
completed their probationary period, they may sign up to the Free
Share Agreement.
Free Share Agreement - Free Share Award
Under the Free Share Agreement, employees may be awarded up to
GBP3,600 worth of Ordinary Shares in the Company in any one tax
year. Ordinary Shares to the value of GBP3,600 per existing
employee have been awarded in respect of the 2017/18 tax year,
representing a total of 2,880,000 Ordinary Shares, with reference
to the mid-market closing price of 0.625p as of 5 October 2017.
All shares awarded under the Free Share Agreement will be held
by the SIP Trustees and such shares cannot be released to
participants until five years after the date of the award, except
in specific circumstances.
Directors' Participation
In respect of the 2017/2018 tax year, each Director has been
awarded 576,000 Ordinary Shares under the Free Share Agreement.
These shares awarded to Directors have been included in the table
below, which sets out the total shareholding and interests of the
directors in the enlarged share capital of the Company:
Ordinary Shares Total % of Options Warrants
Post Issuance Shares Enlarged
Issued
Share
Capital
------------- ------------- ---------------------- ----------- ---------- ----------- ----------
New Ordinary Direct Indirect*
Directors Shares
------------- ------------- ---------- ---------- ----------- ---------- ----------- ----------
Andrew
R M Bell 576,000 7,194,984 7,276,007 14,470,991 3.02% 17,760,000 4,761,904
------------- ------------- ---------- ---------- ----------- ---------- ----------- ----------
Michael
C Nott 576,000 - 6,804,287 6,804,287 1.42% 900,000 -
------------- ------------- ---------- ---------- ----------- ---------- ----------- ----------
Scott C
Kaintz 576,000 - 7,214,194 7,214,194 1.51% 15,680,000 1,785,714
------------- ------------- ---------- ---------- ----------- ---------- ----------- ----------
Sam D Quinn 576,000 - 5,732,766 5,732,766 1.20% 3,900,000 1,785,714
------------- ------------- ---------- ---------- ----------- ---------- ----------- ----------
* Post issuance, Andrew Bell and Scott Kaintz both hold
5,428,480 shares, Mike Nott holds 5,332,480 shares and Sam Quinn
holds 3,526,000 shares indirectly held by the Share Incentive Plan
Trustees. In addition, Andrew Bell indirectly holds 5,600 shares
through Beaufort Securities Nominees Limited and 1,330,834 shares
in the account of Alliance Trust Nominees Limited and 511,093
shares in the account of Rock (Nominees) Limited and 2,210,526
shares directly and jointly with Stephanie Bell. Michael Nott
indirectly holds 1,471,807 shares jointly with Anna Nott through
Barclayshare Nominees Limited. Scott Kaintz indirectly holds
1,785,714 shares through HSBC Client Holdings Nominee UK Limited.
Sam Quinn indirectly holds 2,206,766 shares through Fitel Nominees
Limited/WH Ireland.
Admission to trading on AIM and Total Voting Rights
Application is being made to AIM for 2,880,000 new Ordinary
Shares allotted in relation to the SIP for 2017/18 tax year to be
admitted to trading on AIM. Admission of the 2,880,000 new Ordinary
Shares is expected on or around 13 October 2017.
Following the issue of the 2,880,000 new Ordinary Shares, the
issued share capital of the Company consists of 478,917,740
ordinary shares of 0.01p each with voting rights. No Ordinary
Shares are held in Treasury.
The above figure of 478,917,740 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 Company under the Disclosure and Transparency
Rules.
For Further Information Contact:
Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc
Scott Kaintz 0207 747 9990 Executive Director Red Rock Resources
Plc
Roland Cornish/Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited
Neil Badger 0129 351 7744 Broker Dowgate Capital Stockbrokers
Ltd.
The following disclosure is made in accordance with Article 19
of the EU Market Abuse Regulation 596/2014.
1 Details of the person discharging managerial
responsibilities / person closely associated
---- -----------------------------------------------------------------------
a) Name 1. Andrew R M Bell
2. Michael C Nott
3. Scott C Kaintz
4. Sam D Quinn
5. Rasa Vaitkute
---- -------------------------- -------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------
a) Position/status 1. Executive Chairman
2. Non-Executive Director
3. Executive Director
4. Non-Executive Director
5. Corporate Affairs Manager
---- -------------------------- -------------------------------------------
b) Initial notification Initial Notification
/Amendment
---- -------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
---- -----------------------------------------------------------------------
a) Name Red Rock Resources Plc
---- -------------------------- -------------------------------------------
b) LEI 213800383CFWX3U42W09
---- -------------------------- -------------------------------------------
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 0.01p each
the financial
instrument, type
of instrument
----
Identification ISIN: GB00BYWKBV38
code
b) Nature of the Issue of Shares under Share Incentive
transaction Plan
---- -------------------------- -------------------------------------------
c) Price(s) and volume(s) Name Price(s) Volume(s)
---------------- --------- ----------
Andrew R M
Bell 0.625p 576,000
---------------- --------- ----------
Michael C
Nott 0.625p 576,000
---------------- --------- ----------
Scott C Kaintz 0.625p 576,000
---------------- --------- ----------
Sam D Quinn 0.625p 576,000
---------------- --------- ----------
Rasa Vaitkute 0.625p 576,000
---------------- --------- ----------
---- -----------------------------------------
d) Aggregated information
----
- Aggregated volume 2,880,000
- Price 0.625 pence
e) Date of the transaction 6 October 2017
---- -------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------- -------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEMPBRTMBAMBAR
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