Mineral & Financial Invest. Limited Share Option Grant (6985V)

TIDMMAFL

RNS Number : 6985V

Mineral & Financial Invest. Limited

01 February 2017

Mineral and Financial Investment Limited

("MAFL" "M&FI" or the "Company")

Share Option Grant

London, UK -- (January 31, 2017) - Mineral & Financial Investments Limited (LSE/AIM: MAFL) (the "Company" or "M&FI" or "MAFL") today announces that the Company granted options ("Options") over a total of 600,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares"). The Options are exercisable at 7.5 pence per Ordinary Share

 
                                         No.       Option       Total       Total 
                                          Of       Exercise      # Of        # of 
        Name             Position       Options     Price      Options     Options 
                                        Granted      (p)        Held*        as % 
                                                                           of total 
                                                                            shares 
                                                                             O/S 
-----------------  -----------------  ---------  ----------  ----------  ---------- 
 Jacques            Executive 
  Vaillancourt       Chairman          230,000    7.5         335,000     1.4% 
-----------------  -----------------  ---------  ----------  ----------  ---------- 
 Alastair 
  Ford              COO                125,000    7.5         335,000     1.4% 
-----------------  -----------------  ---------  ----------  ----------  ---------- 
 Laurence 
  Read              Former Director    110,000    7.5         295,000     1.2% 
-----------------  -----------------  ---------  ----------  ----------  ---------- 
 Sean Keenan        Director           100,000    7.5         100,000     0.4% 
-----------------  -----------------  ---------  ----------  ----------  ---------- 
                    Corporate 
 Miles Nicholson     Secretary         35,000     7.5         35,000      0.1% 
-----------------  -----------------  ---------  ----------  ----------  ---------- 
                                       600,000                1,100,000   4.48% 
 -----------------------------------  ---------  ----------  ----------  ---------- 
 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

*additional options were issued to certain directors on 25(th) June 2014, see RNS dated 26(th) June 2014 for the terms of these options.

The following notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives further detail.

 
1    Details of the person discharging managerial responsibilities / person closely associated 
---  ----------------------------------------------------------------------------------------------------------------- 
a)   Name                                                       Jacques Vaillancourt 
---  --------------------------------------------------------  ------------------------------------------------------- 
2    Reason for the notification 
      Issue of options 
---  ----------------------------------------------------------------------------------------------------------------- 
a)   Position/status                                           Chairman 
---  --------------------------------------------------------  ------------------------------------------------------- 
b)   Initial notification /Amendment                           Initial notification 
 
                                                                31st Jan 2017 
---  --------------------------------------------------------  ------------------------------------------------------- 
3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
      or auction monitor 
---  ----------------------------------------------------------------------------------------------------------------- 
a)   Name                                                      Mineral and Financial Limited 
---  --------------------------------------------------------  ------------------------------------------------------- 
b)   LEI                                                        ISIN: KYG6181G1055 
---  --------------------------------------------------------  ------------------------------------------------------- 
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, type of          Ordinary shares of 1 pence each in Mineral and 
     instrument                                                Financial Limited 
 
     Identification code 
                                                               KYG6181G1055 
---  --------------------------------------------------------  ------------------------------------------------------- 
b)   Nature of the transaction                                 Issue of Options 
---  --------------------------------------------------------  ------------------------------------------------------- 
c)   Price(s) and volume(s)                                     Price(s)  Volume(s) 
                                                                   7.5p     230,000 
---  --------------------------------------------------------  ------------------------------------------------------- 
 
     Aggregated information 
                                                                 230,000 
      - Aggregated volume 
 
d)    - Price                                                    7.5p 
---  --------------------------------------------------------  ------------------------------------------------------- 
e)   Date(s) of the transaction                                31st Jan 2017 
---  --------------------------------------------------------  ------------------------------------------------------- 
f)   Place of the transaction                                  London Stock Exchange, AIM 
---  --------------------------------------------------------  ------------------------------------------------------- 
 

The following notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives further detail.

 
1    Details of the person discharging managerial responsibilities / person closely associated 
---  ----------------------------------------------------------------------------------------------------------------- 
a)   Name                                                       Alastair Ford 
---  --------------------------------------------------------  ------------------------------------------------------- 
2    Reason for the notification 
 
      Issue of options 
---  ----------------------------------------------------------------------------------------------------------------- 
a)   Position/status                                           Chief Investment Officer 
---  --------------------------------------------------------  ------------------------------------------------------- 
b)   Initial notification /Amendment                           Initial notification 
 
                                                                31st Jan 2017 
---  --------------------------------------------------------  ------------------------------------------------------- 
3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
      or auction monitor 
---  ----------------------------------------------------------------------------------------------------------------- 
a)   Name                                                      Mineral and Financial Limited 
---  --------------------------------------------------------  ------------------------------------------------------- 
b)   LEI                                                       - KYG6181G1055 
---  --------------------------------------------------------  ------------------------------------------------------- 
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, type of          Ordinary shares of 1 pence each in Mineral and 
     instrument                                                Financial Limited 
 
     Identification code                                       KYG6181G1055 
---  --------------------------------------------------------  ------------------------------------------------------- 
b)   Nature of the transaction                                 Issue of Options 
---  --------------------------------------------------------  ------------------------------------------------------- 
c)   Price(s) and volume(s)                                     Price(s)  Volume(s) 
                                                                   7.5p     125,000 
---  --------------------------------------------------------  ------------------------------------------------------- 
     Aggregated information 
 
      - Aggregated volume                                        125,000 
 
d)    - Price                                                    7.5p 
---  --------------------------------------------------------  ------------------------------------------------------- 
e)   Date(s) of the transaction                                31st Jan 2017 
---  --------------------------------------------------------  ------------------------------------------------------- 
f)   Place of the transaction                                  London Stock Exchange, AIM 

---  --------------------------------------------------------  ------------------------------------------------------- 
 

The following notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives further detail.

 
1    Details of the person discharging managerial responsibilities / person closely associated 
---  ----------------------------------------------------------------------------------------------------------------- 
a)   Name                                                       Sean Keenan 
---  --------------------------------------------------------  ------------------------------------------------------- 
2    Reason for the notification 
 
      Issue of Options 
---  ----------------------------------------------------------------------------------------------------------------- 
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                                                      Mineral and Financial Limited 
---  --------------------------------------------------------  ------------------------------------------------------- 
b)   LEI                                                       - KYG6181G1055 
---  --------------------------------------------------------  ------------------------------------------------------- 
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, type of          Ordinary shares of 1 pence each in Mineral and 
     instrument                                                Financial Limited 
 
     Identification code                                       KYG6181G1055 
---  --------------------------------------------------------  ------------------------------------------------------- 
b)   Nature of the transaction                                 Issue of Options 
---  --------------------------------------------------------  ------------------------------------------------------- 
c)   Price(s) and volume(s)                                     Price(s)  Volume(s) 
                                                                   7.5p     100,000 
---  --------------------------------------------------------  ------------------------------------------------------- 
 
     Aggregated information 
                                                                 100,000 
      - Aggregated volume 
 
d)    - Price                                                    7.5p 
---  --------------------------------------------------------  ------------------------------------------------------- 
e)   Date(s) of the transaction                                31st Jan 2017 
---  --------------------------------------------------------  ------------------------------------------------------- 
f)   Place of the transaction                                  London Stock Exchange, AIM 
---  --------------------------------------------------------  ------------------------------------------------------- 
 

Mineral & Financial Investments is an Investment Company specializing in investing in the natural resource sector, with a particular focus on the mining sector.

For more information:

   Katy Mitchell, WH Ireland Ltd.                        [phone] 
   Jacques Vaillancourt, Chairman M&FI         [phone] 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 01, 2017 02:29 ET (07:29 GMT)