Tectonic Gold Plc Issue of Director Shares

 
TIDMTTAU 
 
4 February 2022 
 
                               TECTONIC GOLD PLC 
 
                      ("Tectonic Gold" or the "Company") 
 
                           Issue of Director Shares 
 
Tectonic Gold plc (TDIM: TTAU), notes that pursuant to their letters of 
engagement, each of the directors of the company are eligible to receive 
director fees of £20,000 each per annum, however such fees have not been paid 
for the prior two year period. The directors have elected to receive these fees 
in the form of shares for the period 30 June 2019 to 30 June 2021. 
 
The share price to be used for the calculation is a 20-day VWAP over the 20 
trading days immediately following publication of the Company's Annual Accounts 
as released on 21 December 2021. In this case the share price used based on the 
above formula was 1.2155 pence per share following the release of the Company's 
Annual Accounts. 
 
The award of director shares for the 2020 and 2021 year is set out below: 
 
Bruce Fulton          3,290,827 shares 
 
Brett Boynton         3,290,827 shares 
 
Sam Quinn             2,540,250 shares 
 
Dennis Edmonds        1,399,803 shares 
 
Following the issue of the above 10,521,707 Ordinary Shares, the shareholdings 
of those directors (including direct and indirect holdings) will be as follows: 
 
Director                            Holding of Common    Percentage of Share 
                                               Shares      Capital Following 
                                                                   Admission 
 
Bruce Fulton                                9,758,185                  1.02% 
 
Brett Boynton                             146,930,417                 15.41% 
 
Sam Quinn                                   5,052,250                  0.53% 
 
Dennis Edmonds                              1,399,803                  0.15% 
 
Following Admission of the new Ordinary Shares on 10 February 2022, the 
Company's enlarged issued share capital will comprise of 953,552,228 Ordinary 
Shares, each with voting rights. 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, under the Disclosure and Transparency Rules. 
 
For further information, please contact: 
 
Tectonic Gold plc                                               [phone] 
Brett Boynton 
Sam Quinn 
www.tectonicgold.com 
@tectonic_gold 
 
Aquis Stock Exchange Corporate Adviser and 
Broker                                                         [phone] 
VSA Capital Limited 
Andrew Raca, Pascal Wiese - Corporate 
Finance 
Andrew Monk - Corporate Broking 
 
 
                                     Ends 
 
 
 
END 
 
 

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February 04, 2022 04:40 ET (09:40 GMT)