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EEE.GB Empire Metals Limited

7.75
0.10 (1.31%)
26 Apr 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Empire Metals Limited AQSE:EEE.GB Aquis Stock Exchange Ordinary Share VGG3036T1012
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.10 1.31% 7.75 7.40 8.10 7.85 7.581 7.65 503,177 11:41:59
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Empire Metals Limited Grant of Options (9896T)

23/03/2023 7:01am

UK Regulatory


Empire Metals (AQSE:EEE.GB)
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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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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