Corcel PLC Issue of Shares under Share Incentive Plan (8708A)

TIDMCRCL

RNS Number : 8708A

Corcel PLC

26 May 2023

Corcel PLC

("Corcel" or the "Company")

Issue of Shares under Share Incentive Plan -

Director's Dealings - TVR

26 May 2023

Corcel Plc, ("Corcel" or "the Company"), the natural resource exploration and development company with interests in battery metals and flexible grid solutions, announces that on 26 May 2023, the Board of Directors approved the issuance of 3,506,490 ordinary shares of GBP0.0001 each in the Company ("New Ordinary Shares") under the Company's Share Incentive Plan ("SIP") for the 2022/23 tax year as agreed in the Trustees meeting held on 5 April 2023.

Director's Participation

In respect of the 2022/23 tax year, Mr. Kaintz has purchased and been awarded 2,571,426 New Ordinary Shares under the SIP. These shares issued to Mr. Kaintz have been included in the table below, which sets out the total shareholding and interests of the Director in the enlarged share capital of the Company.

 
 
   Directors     New Ordinary      Ordinary Shares         Total       % of     Warrants    Options 
                    Shares           Post Issuance         Shares     Issued 
                                                                       Share 
                                                                      Capital 
                                 Direct      Indirect 
--------------  -------------  ----------  -----------  ----------  ---------  ---------  ---------- 
 Scott Kaintz     2,571,426     3,554,550   4,973,975*   8,528,525    0.70%        -       9,587,764 
--------------  -------------  ----------  -----------  ----------  ---------  ---------  ---------- 
 

* Mr. S. Kaintz is a beneficiary of 4,973,975 shares held on his behalf by Corcel Plc Share Incentive Plan Trustees.

Admission to Trading on AIM and Total Voting Rights

Application is being made to AIM for 3,506,490 New Ordinary Shares, allotted in relation to the SIP for 2022/23 tax year, to be admitted to trading on AIM, the admission of which it is expected on or around 05 June 2023.

Following admission of the New Ordinary Shares, the Company's total issued share capital will consist of 1,223,598,121 ordinary shares, with one voting right per share. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company will be 1,223,598,121. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the share capital of the Company, pursuant to the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

For Further Information Contact:

   Scott Kaintz  020 7747 9960                                                       Corcel Plc CEO 
   James Joyce / Andrew de Andrade 0207 220 1666                    WH Ireland Ltd NOMAD & Broker 

Simon Woods 0207 3900 230 Vigo Consulting IR

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU, which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed in accordance with the Company's obligations under Article 17.

 
 1    Details of t he p erson disc harging managerial responsib ilities 
       / p erson closely associated 
 a)   Name                                       Scott Kaintz 
     ------------------------------  --------------------------------------------- 
 2    Reason for notification 
     ----------------------------------------------------------------------------- 
 a)   Position / status               Executive Director, PDMR 
     ------------------------------  --------------------------------------------- 
 b)   I nitial notification           Initial Notification 
       /Amendment 
     ------------------------------  --------------------------------------------- 
 3    Details of t he issu er, e mission allow a n ce m a r k et 
       participan t, au ct ionplat for m, au ction eer or auc tion 
       monitor 
     ----------------------------------------------------------------------------- 
 a)   Name                            Corcel Plc 
     ------------------------------  --------------------------------------------- 
 b)   LEI                             LEI: 2138009ECXQQ3EGKVY57 
     ------------------------------  --------------------------------------------- 
 4    Details of t he t ransact ion (s): section to be re p eated 
       for ( i) e a ch type ofinstr u m e n t; (ii) each type of transac 
       tion; (iii) each date; and ( iv) each place w h ere transactions 
       have b een condu cted 
     ----------------------------------------------------------------------------- 
 a)   Description of the              Ordinary shares of GBP0.0001 each in Corcel 
       financial instrument,           Plc 
       t ype of instrument 
 
       I d e ntification               ISIN GB00BKM69866 
       code 
     ------------------------------  --------------------------------------------- 
      Nature of the transaction       Issue of ordinary shares under Corcel Plc 
                                       Share Incentive Plan 
     ------------------------------  --------------------------------------------- 
 c)   Price(s) and volumes(s)          Name(s)          Price(s)       Volumes(s) 
                                         Scott Kaintz    GBP0.00330     1,636,362 
                                           GBP0.00385                    935,064 
                                         ----------------------------  ----------- 
     ------------------------------  --------------------------------------------- 
 d)        Aggregated information 
             *    Aggregated Volume 
                                        2,571,426 shares 
 
                                        GBP0.00350 
             *    Aggregated Price 
     ------------------------------  --------------------------------------------- 
 e)   Date of the transaction         26 May 2023 
     ------------------------------  --------------------------------------------- 
 f)   Place of the transaction        Outside of trading venue 
     ------------------------------  --------------------------------------------- 
 

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