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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Stratex | LSE:STI | London | Ordinary Share | GB00B0T29327 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.425 | 0.40 | 0.45 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMSTI
RNS Number : 8535I
Stratex International PLC
02 September 2016
Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining
Stratex International Plc
('Stratex' or 'the Company')
Issue of Share Options
Stratex International Plc, the AIM-quoted exploration and development company focused on gold and base metals in West Africa and Turkey, announces it has issued the following share options to its Directors and other employees as part of the Company's Enterprise Management Incentive ("EMI") Scheme.
The Remuneration Committee carried out its regular review of management remuneration at the beginning of the current financial year. They concluded that for the second year running no salary increases should be awarded due to the need to conserve cash in the present economic climate but, in recognition of the achievements in 2015, principally the start of production at the gold mine at Altıntepe, the following share options were granted on 2(nd) September 2016 with an exercise price of 1.95p being the middle market price at the time of grant. The options will vest in equal tranches over three years, on the anniversary of the grant date, and have an exercise period of 10 years.
Share options issued to directors:
Hot Features
Premium
New options Total unexercised options Shares held
Christopher Hall 500,000 3,500,000 212,143
Perry Ashwood 500,000 5,223,567 1,744,485
Emma Priestley 500,000 2,000,000 -
Peter Addison 500,000 3,000,000 217,857
In addition to the options issued to directors, Claire Bay, Group Manager - Corporate and Project Development, has been issued with 150,000 share options on the same terms of the above. As a result, she now holds a total of 440,000 unexpired options.
Furthermore, as announced at the time of his appointment to the Board (announcement dated 29th January 2016), 1,500,000 share options have now been awarded to Chris Worcester on the same terms as the above EMI option award. As result, he holds a total of 1,500,000 unexercised options.
As a result of the above award of options, the recently announced award of 6,000,000 options to Marcus Engelbrecht on his appointment as CEO of the Company (announcement dated 1(st) September 2016), and further awards to staff, the total number of unexercised share options outstanding at 2(nd) September 2016 is 30,005,144 representing in aggregate approximately 6% of the enlarged share capital of the Company.
* *S * *
For further information please visit www.stratexinternational.com, email info@stratexplc.com, or contact:
Stratex International Tel: +44 (0)20 7830 9650 Plc Marcus Engelbrecht / Christopher Hall / Claire Bay Grant Thornton UK LLP Tel: +44 (0)20 7383 5100 Philip Secrett / Jen Clarke / Daniel Bush Hannam & Partners Tel: +44 (0)20 7907 8500 Neil Passmore
The information contained within this announcement was considered to be inside information, for the purposes of Article 7 of EU Regulation 596/2014, prior to its release.
Notes to Editors:
Since listing in 2006, Stratex has discovered more than 2.2 million ounces of gold and 7.09 million ounces of silver, as well as 186,000 tonnes of copper. The Company achieved first gold pour at its 45%-owned Altıntepe gold mine in Turkey in November 2015 and as at 30 June 2016, the Mine had generated revenues of US$33.39 million. It also owns 30% of a copper-gold project at feasibility stage. With its current cash position, projected cash returns and no debt, the Company is well-placed to advance its existing exploration programmes and is also actively seeking to acquire advanced projects that are at the drill-ready stage or even have identified resources.
The notifications below are made in accordance with the requirements of the EU regulation on market abuse.
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
Christopher Hall
------------------------- ---------------------------------------
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
Stratex International PLC
------------------------- ---------------------------------------
b) LEI
213800X32GJR5AGAR511
------------------------- ---------------------------------------
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 Share options
the financial Ordinary share ISIN: GB00B0T29327
instrument, type
of instrument
Identification
code
------------------------- ---------------------------------------
b) Nature of the Grant of options over the
transaction ordinary share capital of
the Company
------------------------- ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
------------------------- ------------------------ -------------
1.95 pence
exercise price 500,000
------------------------------------------------------- -------------
d) Aggregated information 500,000
- Aggregated 1.95 pence exercise price
volume
- Price
--------------------------------------------------- ------------------
e) Date of the transaction 2(nd) September 2016
------------------------- ---------------------------------------
f) Place of the London, UK
transaction
------------------------- ---------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name
Perry Ashwood
------------------------- ---------------------------------------
2 Reason for the notification
------------------------------------------------------------------
a) Position/status
Chief Financial Officer
------------------------- ---------------------------------------
b) Initial notification
/Amendment Initial notification
------------------------- ---------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------------
a) Name
Stratex International PLC
------------------------- ---------------------------------------
b) LEI
213800X32GJR5AGAR511
------------------------- ---------------------------------------
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 Share options
the financial Ordinary share ISIN: GB00B0T29327
instrument, type
of instrument
Identification
code
------------------------- ---------------------------------------
b) Nature of the Grant of options over the
transaction ordinary share capital of
the Company
------------------------- ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
------------------------- ------------------------ -------------
1.95 pence
exercise price 500,000
------------------------------------------------------- -------------
d) Aggregated information 500,000
- Aggregated 1.95 pence exercise price
volume
- Price
--------------------------------------------------- ------------------
e) Date of the transaction 2(nd) September 2016
------------------------- ---------------------------------------
f) Place of the London, UK
transaction
------------------------- ---------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name
Emma Priestley
------------------------- ---------------------------------------
2 Reason for the notification
------------------------------------------------------------------
a) Position/status
Director
------------------------- ---------------------------------------
b) Initial notification
/Amendment Initial notification
------------------------- ---------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------------
a) Name
Stratex International PLC
------------------------- ---------------------------------------
b) LEI
213800X32GJR5AGAR511
------------------------- ---------------------------------------
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 Share options
the financial Ordinary share ISIN: GB00B0T29327
instrument, type
of instrument
Identification
code
------------------------- ---------------------------------------
b) Nature of the Grant of options over the
transaction ordinary share capital of
the Company
------------------------- ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
------------------------- ------------------------ -------------
1.95 pence
exercise price 500,000
------------------------------------------------------- -------------
d) Aggregated information 500,000
- Aggregated 1.95 pence exercise price
volume
- Price
--------------------------------------------------- ------------------
e) Date of the transaction 2(nd) September 2016
------------------------- ---------------------------------------
f) Place of the London, UK
transaction
------------------------- ---------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name
Peter Addison
------------------------- ---------------------------------------
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
Stratex International PLC
------------------------- ---------------------------------------
b) LEI
213800X32GJR5AGAR511
------------------------- ---------------------------------------
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 Share options
the financial Ordinary share ISIN: GB00B0T29327
instrument, type
of instrument
Identification
code
------------------------- ---------------------------------------
b) Nature of the Grant of options over the
transaction ordinary share capital of
the Company
------------------------- ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
------------------------- ------------------------ -------------
1.95 pence
exercise price 500,000
------------------------------------------------------- -------------
d) Aggregated information 500,000
- Aggregated 1.95 pence exercise price
volume
- Price
--------------------------------------------------- ------------------
e) Date of the transaction 2(nd) September 2016
------------------------- ---------------------------------------
f) Place of the London, UK
transaction
------------------------- ---------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name
Claire Bay
------------------------- ---------------------------------------
2 Reason for the notification
------------------------------------------------------------------
a) Position/status
Group Manager - Corporate
and Project Development
------------------------- ---------------------------------------
b) Initial notification
/Amendment Initial notification
------------------------- ---------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------------
a) Name
Stratex International PLC
------------------------- ---------------------------------------
b) LEI
213800X32GJR5AGAR511
------------------------- ---------------------------------------
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 Share options
the financial Ordinary share ISIN: GB00B0T29327
instrument, type
of instrument
Identification
code
------------------------- ---------------------------------------
b) Nature of the Grant of options over the
transaction ordinary share capital of
the Company
------------------------- ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
------------------------- ------------------------ -------------
1.95 pence
exercise price 150,000
------------------------------------------------------- -------------
d) Aggregated information 150,000
- Aggregated 1.95 pence exercise price
volume
- Price
--------------------------------------------------- ------------------
e) Date of the transaction 2(nd) September 2016
------------------------- ---------------------------------------
f) Place of the London, UK
transaction
------------------------- ---------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name
Chris Worcester
------------------------- --------------------------------------
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
Stratex International PLC
------------------------- --------------------------------------
b) LEI
213800X32GJR5AGAR511
------------------------- --------------------------------------
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 Share options
the financial Ordinary share ISIN: GB00B0T29327
instrument, type
of instrument
Identification
code
------------------------- --------------------------------------
b) Nature of the Grant of options over the
transaction ordinary share capital of
the Company
------------------------- --------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
------------------------- ----------------------- -------------
1.95 pence
exercise price 1,500,000
------------------------------ ----------------------- -------------
d) Aggregated information 1,500,000
- Aggregated 1.95 pence exercise price
volume
- Price
------------------------------ --------------------------------------
e) Date of the transaction 2(nd) September 2016
------------------------- --------------------------------------
f) Place of the London, UK
transaction
------------------------- --------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
-----------------------------------------------------------------
a) Name
Marcus Engelbrecht
------------------------- --------------------------------------
2 Reason for the notification
-----------------------------------------------------------------
a) Position/status
Chief Executive Officer
------------------------- --------------------------------------
b) Initial notification
/Amendment Initial notification
------------------------- --------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------
a) Name
Stratex International PLC
------------------------- --------------------------------------
b) LEI
213800X32GJR5AGAR511
------------------------- --------------------------------------
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 Share options
the financial Ordinary share ISIN: GB00B0T29327
instrument, type
of instrument
Identification
code
------------------------- --------------------------------------
b) Nature of the Grant of options over the
transaction ordinary share capital of
the Company
------------------------- --------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s)
------------------------- ----------------------- -------------
1.78 pence
exercise price 6,000,000
------------------------------ ----------------------- -------------
d) Aggregated information 6,000,000
- Aggregated 1.78 pence exercise price
volume
- Price
------------------------------ --------------------------------------
e) Date of the transaction 1(st) September 2016
------------------------- --------------------------------------
f) Place of the London, UK
transaction
------------------------- --------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHMMGGLFZGGVZM
(END) Dow Jones Newswires
September 02, 2016 09:15 ET (13:15 GMT)
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