Zinnwald Lithium PLC Issuance of RSUs and Options (5599Y)
17 January 2022 - 6:01PM
UK Regulatory
TIDMZNWD
RNS Number : 5599Y
Zinnwald Lithium PLC
17 January 2022
17 January 2022
Zinnwald Lithium plc
("Zinnwald Lithium" or the "Company")
Issuance of RSUs and Options
Zinnwald Lithium plc (AIM: ZNWD), the German focussed lithium
development company, announces the grant of a total of 1,909,530
Restricted Share Units ("RSUs") and 4,000,000 Options under the
Company's Long-Term Incentive Plans.
The RSUs being granted to Executive Management under the terms
of the RSU Scheme, approved by shareholders in October 2020 as part
of its reverse takeover transaction, relate to the first
performance period that ran from 1 October 2020 to 31 December
2021. The RSUs will vest two years from the date of grant, being 15
January 2024, and the related shares (or cash alternative at the
Company's discretion) will be issued on that date. Full details of
the RSUs are set out in the Company's admission document dated 9
October 2020. The RSUs are being granted to Executive Management on
the following basis:
Name Role No of RSUs Grant Date Vesting Date
Anton du Plessis CEO 1,305,249 15 January 2022 15 January 2024
Cherif Rifaat CFO 604,282 15 January 2022 15 January 2024
Total 1,909,531
The 4,000,000 Options have been granted to employees,
consultants and Directors under the terms of the Scheme put in
place at the time of the Company's original IPO in 2017. These
Options to acquire ordinary shares in the capital of the Company
have been granted at a price of 18.10p, being the closing share
price on 14 January 2022. Such options vest as to 1/3 on the date
of grant and an additional 1/3 on each of the first and second
anniversaries of the date of grant and are exercisable for a period
of five years. The Options are being granted on the following
basis:
Name Role No of Issue Grant Date Expiry Date
Options Price
Jeremy Martin Non-Executive 250,000 GBP0.1810 15 January 15 January
Chairman 2022 2027
Graham Brown Non-Executive 150,000 GBP0.1810 15 January 15 January
Director 2022 2027
Peter Secker Non-Executive 150,000 GBP0.1810 15 January 15 January
Director 2022 2027
Employees and Consultants 3,450,000 GBP0.1810 15 January 15 January
2022 2027
Total 4,000,000
On issuance of these awards, the total number of RSUs in issue
will be 1,909,531 and the total number of Options will be
5,900,000, which represents a combined 2.66 per cent. of the
Company's current issued share capital.
Change to Broker
The Company also announces that, with effect from 29 January
2022, Oberon Capital Limited shall be the sole broker for the
Company on the expiry of a three month notice period with Turner
Pope Investments (TPI) Ltd. The Company would like to thank Turner
Pope for all their work as Broker since the Company's IPO on AIM in
December 2017.
For further information contact:
Anton du Plessis Zinnwald Lithium plc info@zinnwaldlithium.com
Allenby Capital Limited +44 (0) 20 3328
David Hart/Liz Kirchner (Nominated Adviser) 5656
+44 (0) 20 3179
Mike Seabrook / 5344
Robert Hayward / Oberon Capital +44 (0) 20 3179
Chris Crawford (Joint Broker) 5315
Turner Pope Investments
James Pope/Andy (TPI) Ltd +44 (0) 20 3657
Thacker (Joint Broker) 0050
Isabel de Salis/Frank St Brides Partners (Financial info@stbridespartners.co.uk
Buhagiar PR)
Notes
Zinnwald Lithium plc (EPIC: ZNWD.L) is an AIM quoted, German
focused lithium development company focussed on becoming an
important supplier to Europe's fast-growing battery sector. The
Company owns the Zinnwald Lithium Project in Germany, a late-stage
development project with attractive economics and approved mining
licence. A Feasibility Study, published in June 2019, highlighted a
EUR428m pre-tax NPV, a pre-tax IRR of 27.4% and a 46% EBITDA margin
for Zinnwald. The project is located in the heart of Europe's
chemical and automotive industries and has the potential to be one
of Europe's most advanced battery grade lithium projects.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Name Position
Anton du Plessis CEO
---------
Cherif Rifaat CFO
---------
-------------------------- -------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status See 1a)
-------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Zinnwald Lithium plc
-------------------------- -------------------------------------------
b) LEI 213800LXW3HPZ7ZSBE37
-------------------------- -------------------------------------------
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 RSUs in relation to ordinary
financial instrument, shares of GBP0.01 each in Zinnwald
type of instrument Lithium plc (or cash alternative
Identification code at the Company's discretion)
Identification code (ISIN) for
Zinnwald Lithium plc ordinary
shares: GB00BFN4GY99
-------------------------- -------------------------------------------
b) Nature of the transaction Grant of RSUs
-------------------------- -------------------------------------------
c) Price(s) and volume(s) Name Price(s) Volume(s)
Anton du Plessis n/a 1,305,249
Cherif Rifaat n/a 604,282
---------- ----------
-------------------------- -------------------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
-------------------------- -------------------------------------------
e) Date of the transaction 15 January 2022
-------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Name Position
Jeremy Martin Non-Executive Chairman
-----------------------
Graham Brown Non-Executive Director
-----------------------
Peter Secker Non-Executive Director
-----------------------
-------------------------- -------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status See 1a)
-------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Zinnwald Lithium plc
-------------------------- -------------------------------------------
b) LEI 213800LXW3HPZ7ZSBE37
-------------------------- -------------------------------------------
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 Options over ordinary shares of GBP0.01
financial instrument, each in Zinnwald Lithium plc
type of instrument
Identification code Identification code (ISIN) for Zinnwald
Lithium plc ordinary shares: GB00BFN4GY99
-------------------------- -------------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
-------------------------- -------------------------------------------
c) Price(s) and volume(s) Name Price(s) Volume(s)
Jeremy Martin GBP0.1810 250,000
Graham Brown GBP0.1810 150,000
Peter Secker GBP0.1810 150,000
----------- ----------
-------------------------- -------------------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
-------------------------- -------------------------------------------
e) Date of the transaction 15 January 2022
-------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -------------------------------------------
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