TIDMEEE
RNS Number : 9896T
Empire Metals Limited
23 March 2023
Empire Metals Limited / LON : EEE / Sector: Natural
Resources
23 March 2023
Empire Metals Limited
("Empire" or "the Company")
Grant of Options
Empire Metals Limited (LON: EEE), the AIM-quoted resource
exploration and development company, announces that the
Remuneration Committee has agreed to issue options over a total of
28,500,00 ordinary shares of no-par value in the capital of the
Company ('Share Options') to Directors and an employee of the
Group. The Share Options will vest immediately and will expire on
22 March 2028. The exercise price of the options will be as
follows:
Exercise price (GBP) 0.025 0.03
Number of options granted 14,250,000 14,250,000
---------------------- ----------------------
The Share Options represent in aggregate 5.90% of the existing
issued ordinary share capital of the Company and have been issued
to a number of directors and an employee of the Company's operating
subsidiary, Eclipse Exploration Pty Ltd, in line with the Group's
ongoing incentive plans. Following the grant of the Share Options,
in aggregate there will be 45,300,000 ordinary shares of no par
value of the Company under option to directors and employees of the
Company, representing 9.38% of the existing issued ordinary share
capital of the Company.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014, as incorporated into UK law by the
European Union (Withdrawal) Act 2018, until the release of this
announcement.
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: Shaun Bunn
----------------------------------------- ------------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------------------
a) Position/status: Managing Director
----------------------------------------- ------------------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- ------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name: Empire Metals Limited
----------------------------------------- ------------------------------------------
b) LEI: 2138002IOR7OCZZPB279
----------------------------------------- ------------------------------------------
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 financial instrument, Share options over ordinary
type of instrument: shares of no par value
Identification code: VGG9688A1003
----------------------------------------- ------------------------------------------
b) Nature of the transaction: Grant of options over
ordinary shares
----------------------------------------- ------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
1. 2.5 pence 5,000,000
2. 3.0 pence 5,000,000
---------- ----------
----------------------------------------- ------------------------------------------
d) Aggregated information: Single transactions
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: 2.5 pence 5,000,000
----------- ----------
Aggregated volume:
Price: Price(s) Volume(s)
3.0 pence 5,000,000
----------- ----------
----------------------------------------- ------------------------------------------
e) Date of the transaction: 2023-03-22
19:00 hrs UTC
----------------------------------------- ------------------------------------------
f) Place of the transaction: Outside a trading venue
----------------------------------------- ------------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Andrew Faragher
----------------------------------------- ------------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------------------
a) Position/status: Exploration Manager
----------------------------------------- ------------------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- ------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name: Empire Metals Limited
----------------------------------------- ------------------------------------------
b) LEI: 2138002IOR7OCZZPB279
----------------------------------------- ------------------------------------------
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 financial instrument, Share options over ordinary
type of instrument: shares of no par value
Identification code: VGG9688A1003
----------------------------------------- ------------------------------------------
b) Nature of the transaction: Grant of options over
ordinary shares
----------------------------------------- ------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
1. 2.5 pence 1,500,000
2. 3.0 pence 1,500,000
---------- ----------
----------------------------------------- ------------------------------------------
d) Aggregated information: Single transactions
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: 2.5 pence 1,500,000
----------- ----------
Aggregated volume:
Price: Price(s) Volume(s)
3.0 pence 1,500,000
----------- ----------
----------------------------------------- ------------------------------------------
e) Date of the transaction: 2023-03-22
19:00 hrs UTC
----------------------------------------- ------------------------------------------
f) Place of the transaction: Outside a trading venue
----------------------------------------- ------------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Neil O'Brien
----------------------------------------- ---------------------------------------
2. Reason for the notification
----------------------------------------------------------------------------------
a) Position/status: Non-Executive Chairman
----------------------------------------- ---------------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name: Empire Metals Limited
----------------------------------------- ---------------------------------------
b) LEI: 2138002IOR7OCZZPB279
----------------------------------------- ---------------------------------------
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 financial instrument, Share options over ordinary
type of instrument: shares of no par value
Identification code: VGG9688A1003
----------------------------------------- ---------------------------------------
b) Nature of the transaction: Grant of options over
ordinary shares
----------------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
1. 2.5 pence 2,500,000
2. 3.0 pence 2,500,000
---------- ----------
----------------------------------------- ---------------------------------------
d) Aggregated information: Single transactions as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: 2.5 pence 2,500,000
Aggregated volume: ----------- ----------
Price:
Price(s) Volume(s)
3.0 pence 2,500,000
----------- ----------
----------------------------------------- ---------------------------------------
e) Date of the transaction: 2023-03-22
19:00 hrs UTC
----------------------------------------- ---------------------------------------
f) Place of the transaction: Outside a trading venue
----------------------------------------- ---------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Gregory Kuenzel
----------------------------------------- ---------------------------------------
2. Reason for the notification
----------------------------------------------------------------------------------
a) Position/status: Finance Director
----------------------------------------- ---------------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name: Empire Metals Limited
----------------------------------------- ---------------------------------------
b) LEI: 2138002IOR7OCZZPB279
----------------------------------------- ---------------------------------------
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 financial instrument, Share options over ordinary
type of instrument: shares of no par value
Identification code: VGG9688A1003
----------------------------------------- ---------------------------------------
b) Nature of the transaction: Grant of options over
ordinary shares
----------------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
1. 2.5 pence 3,250,000
2. 3.0 pence 3,250,000
---------- ----------
----------------------------------------- ---------------------------------------
d) Aggregated information: Single transactions as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: 2.5 pence 3,250,000
Aggregated volume: ----------- ----------
Price:
Price(s) Volume(s)
3.0 pence 3,250,000
----------- ----------
----------------------------------------- ---------------------------------------
e) Date of the transaction: 2023-03-22
19:00 hrs UTC
----------------------------------------- ---------------------------------------
f) Place of the transaction: Outside a trading venue
----------------------------------------- ---------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Peter Damouni
----------------------------------------- ---------------------------------------
2. Reason for the notification
----------------------------------------------------------------------------------
a) Position/status: Non-Executive Director
----------------------------------------- ---------------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name: Empire Metals Limited
----------------------------------------- ---------------------------------------
b) LEI: 2138002IOR7OCZZPB279
----------------------------------------- ---------------------------------------
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 financial instrument, Share options over ordinary
type of instrument: shares of no par value
Identification code: VGG9688A1003
----------------------------------------- ---------------------------------------
b) Nature of the transaction: Grant of options over
ordinary shares
----------------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
1. 2.5 pence 2,000,000
2. 3.0 pence 2,000,000
---------- ----------
----------------------------------------- ---------------------------------------
d) Aggregated information: Single transactions as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: 2.5 pence 2,000,000
Aggregated volume: ----------- ----------
Price:
Price(s) Volume(s)
3.0 pence 2,000,000
----------- ----------
----------------------------------------- ---------------------------------------
e) Date of the transaction: 2023-03-22
19:00 hrs UTC
----------------------------------------- ---------------------------------------
f) Place of the transaction: Outside a trading venue
----------------------------------------- ---------------------------------------
**S**
For further information please visit www.empiremetals.co.uk or contact:
Empire Metals Ltd Tel: 020 7907 9327
Shaun Bunn / Greg Kuenzel
S. P. Angel Corporate Finance LLP Tel: 020 3470 0470
(Nomad & Broker)
Ewan Leggat / Adam Cowl
-------------------
Shard Capital Partners LLP (Joint Tel: 020 7186 9950
Broker)
Damon Heath / Erik Woolgar
-------------------
St Brides Partners Ltd (Financial Tel: 020 7236 1177
PR)
Susie Geliher / Ana Ribeiro / Max
Bennett
-------------------
About Empire Metals Limited
Empire Metals is an AIM-listed (LON: EEE) exploration and
resource development company with a project portfolio comprising
gold interests in Australia and Austria.
The Company's strategy is to develop a pipeline of projects at
different stages in the development curve. Its current focus is on
the Pitfield Copper Project in Western Australia, which has
demonstrated strong potential to be a new "Giant" copper province.
The Company is also advancing the Eclipse-Gindalbie Project in
Western Australia, which is prospective for high-grade gold and
also kaolin, which is used extensively in a number of industries
and is considered to be a desirable feedstock for the production of
high-purity alumina - an essential component in lithium-ion
batteries.
The Company also has two further exploration projects in
Australia; the Walton Copper-Gold Project in Western Australia, and
the Stavely Copper-Gold Project in the Stavely Arc region of
Victoria, in addition to three precious metals projects located in
a historically high-grade gold production region in
central-southern Austria.
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END
DSHSEUSMDEDSELD
(END) Dow Jones Newswires
March 23, 2023 03:01 ET (07:01 GMT)
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