Anglesey Mining PLC Issuance of Share Options to Directors and Employees

 
TIDMAYM 
 
Trading Symbol 
 
                                                                       AIM: AYM 
 
4 August 2022 
 
                              Anglesey Mining plc 
 
                         ("Anglesey" or "the Company") 
 
             Issuance of Share Options to Directors and Employees 
 
                          Director/PDMR Shareholding 
 
Anglesey Mining plc (AIM:AYM), the UK minerals development company, today 
announces that the Board has approved the issuance of options to directors and 
employees of the Company. 
 
The Company's policy on director and executive compensation is to provide 
compensation to directors and management to ensure directors and senior 
management are appropriately compensated, motivated and retained. It is 
considered important that the contribution of directors be recognized, and that 
directors be incentivized to help move the Company forward. 
 
Today's award of share options (the "Options") to the directors and employees 
will have an exercise price of £0.04, representing a premium of 38% to the 
closing share price of £0.029 on 3 August 2022. A total of 10,900,000 Options 
have been granted. The Options are subject to time-based vesting conditions 
(with 25% of Options vesting on 31 March 2023, 25% on 30 September 2023, 25% on 
31 March 2024 and 25% on 30 September 2024. The Options will lapse on 31 March 
2030). 
 
The award of the Options represents the first issuance of share options to 
directors and employees since September 2016. The non-executive directors of 
the Company had also previously waived the payment of cash fees since July 
2014. 
 
Details of Awards 
 
Details of the awards to Directors and PDMRs are presented in the following 
table: 
 
Director           Number of Options     Exercise Price per    Options as a per cent 
                   Granted               Share Option          of existing issued 
                                                               share capital1 
 
John F Kearney           2,000,000               £0.04                  0.71% 
 
Jo Battershill           2,800,000               £0.04                  1.00% 
 
Danesh Varma             1,500,000               £0.04                  0.54% 
 
Howard Miller            1,000,000               £0.04                  0.36% 
 
Namrata Verma            1,000,000               £0.04                  0.36% 
 
Andrew J King            1,000,000               £0.04                  0.36% 
 
1 Existing issued share capital of 280,175,721 ordinary shares 
 
There are no other options to directors and PDMRs issued or outstanding. 
 
Related Party Transaction 
 
The grant of the Options to the Directors as described in this announcement 
constitutes a related party transaction for the purposes of Rule 13 of the AIM 
Rules. Davy, as the Company's nominated adviser, considers that the terms of 
the transaction are fair and reasonable insofar as the Company's shareholders 
are concerned. 
 
Award of Ordinary Shares to Chief Executive 
 
Following the achievement of certain agreed milestones, the Board has also 
approved the issuance of 500,000 ordinary shares (the "New Ordinary Shares") to 
Jonathan (Jo) Battershill, Chief Executive. Application will be made to the 
London Stock Exchange for admission of the New Ordinary Shares to trading on 
the AIM market of the London Stock Exchange. It is expected that admission will 
become effective and dealings in the New Ordinary Shares will commence on AIM 
at 8.00 a.m. on or around 10 August 2022. 
 
Following admission of the New Ordinary Shares, the Company's issued share 
capital will comprise 280,675,721 ordinary shares. This figure 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's share capital pursuant to (i) the Company's 
Articles, (ii) the Financial Conduct Authority's Disclosure Guidance and 
Transparency Rules and/or (iii) the AIM Rules for Companies issued by the 
London Stock Exchange plc as amended from time to time. The New Ordinary Shares 
will be issued fully paid and will rank pari passu in all respects with the 
Company's existing Ordinary Shares. 
 
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:                               i. John Kearney 
                                           ii. Jo Battershill 
                                           iii. Danesh Varma 
                                           iv. Howard Miller 
                                            v. Namrata Verma 
                                           vi. Andrew J King 
 
2.      Reason for the notification 
 
a)      Position/status:                    i. Chairman (PDMR) 
                                           ii. Chief Executive (PDMR) 
                                           iii. Finance Director (PDMR) 
                                           iv. Non-Executive Director (PDMR) 
                                            v. Independent Non-Executive 
                                               Director (PDMR) 
                                           vi. Independent Non-Executive 
                                               Director (PDMR) 
 
b)      Initial notification/Amendment:    Initial notification 
 
3.      Details of the issuer, emission allowance market participant, auction 
        platform, auctioneer or auction monitor 
 
a)      Name:                              Anglesey Mining Plc 
 
b)      LEI:                               213800X8BO8EK2B4HQ71 
 
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       Share options over ordinary shares 
        instrument, type of instrument:    of 1 pence each 
        Identification code: 
                                           ISIN: GB0000320472 
 
b)      Nature of the transaction:         Award of share options over 
                                           ordinary shares. Each option has an 
                                           exercise price of £0.04. The 
                                           options are subject to time-based 
                                           vesting conditions (with 25% of 
                                           Options vesting on 31 March 2023, 
                                           25% on 30 September 2023, 25% on 31 
                                           March 2024 and 25% on 30 September 
                                           2024. The Options will lapse on 31 
                                           March 2030). 
 
c)      Price(s) and volume(s):            Price(s)        Volume(s) 
 
                                            i. 4 pence      i. 2,000,000 
                                           ii. 4 pence     ii. 2,800,000 
                                           iii. 4 pence    iii. 1,500,000 
                                           iv. 4 pence     iv. 1,000,000 
                                            v. 4 pence      v. 1,000,000 
                                           vi. 4 pence     vi. 1,000,000 
 
d)      Aggregated information:            Price(s)    Volume(s) 
        Aggregated volume: 
        Price:                             4 pence     9,300,000 
 
e)      Date of the transaction:            i. 3 August 2022 
                                           ii. 3 August 2022 
                                           iii. 3 August 2022 
                                           iv. 3 August 2022 
                                            v. 3 August 2022 
                                           vi. 3 August 2022 
 
f)      Place of the transaction:          Outside a trading venue 
 
 
 
1.      Details of the person discharging managerial responsibilities/person 
        closely associated 
 
a)      Name:                              Jonathan (Jo) Battershill 
 
2.      Reason for the notification 
 
a)      Position/status:                   Chief Executive (PDMR) 
 
b)      Initial notification/Amendment:    Initial notification 
 
3.      Details of the issuer, emission allowance market participant, auction 
        platform, auctioneer or auction monitor 
 
a)      Name:                              Anglesey Mining Plc 
 
b)      LEI:                               213800X8BO8EK2B4HQ71 
 
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       Ordinary shares of 1 pence each 
        instrument, type of instrument: 
        Identification code:               ISIN: GB0000320472 
 
b)      Nature of the transaction:         Award of Ordinary Shares in respect 
                                           of achievement of performance 
                                           milestones 
 
c)      Price(s) and volume(s):            Price(s)        Volume(s) 
 
                                           Nil             500,000 
 
d)      Aggregated information:            N/a - single transaction 
        Aggregated volume: 
        Price: 
 
e)      Date of the transaction:           3 August 2022 
 
f)      Place of the transaction:          Outside a trading venue 
 
About Anglesey Mining plc 
 
 
Anglesey Mining is traded on the AIM market of the London Stock Exchange and 
currently has 280,175,721 ordinary shares on issue. 
 
Anglesey is developing its 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au deposit in 
North Wales, UK with a 2020 reported resource of 5.2 million tonnes at 4.3% 

combined base metals in the Indicated category and 11.7 million tonnes at 2.8% 
combined base metals in the Inferred category. 
 
 
Anglesey holds an almost 20% interest in the Grangesberg Iron project in 
Sweden, together with management rights and a right of first refusal to 
increase its interest to 70%.  Anglesey also holds 11% of Labrador Iron Mines 
Holdings Limited, which through its 52% owned subsidiaries, is engaged in the 
exploration and development of direct shipping iron ore deposits in Labrador 
and Quebec. 
 
For further information, please contact: 
 
 
Anglesey Mining plc 
 
Jo Battershill, Chief Executive - Tel: [phone] 
 
John Kearney, Chairman - Tel: [phone] 
 
Davy 
 
Nominated Adviser & Joint Corporate Broker 
 
Brian Garrahy / Lauren O'Sullivan - Tel: [phone] 
 
WH Ireland 
 
Joint Corporate Broker 
 
Katy Mitchell / Harry Ansell - Tel: [phone] 
 
Canaccord Genuity Limited 
 
Joint Corporate Broker 
 
James Asensio / Harry Rees - Tel: [phone] 
 
Scout Advisory Limited 
 
Investor Relations Consultant 
 
Sean Wade - Tel: [phone] 
 
LEI: 213800X8BO8EK2B4HQ71 
 
 
 
END 
 
 

(END) Dow Jones Newswires

August 04, 2022 07:54 ET (11:54 GMT)