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ATM Andrada Mining Limited

5.44
0.22 (4.21%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Andrada Mining Limited LSE:ATM London Ordinary Share GG00BD95V148 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.22 4.21% 5.44 5.30 5.50 5.50 5.10 5.10 14,910,709 16:35:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ferroalloy Ores, Ex Vanadium 9.88M -8.1M -0.0051 -10.59 85.35M

AfriTin Mining Ltd Grant of Options (4372Q)

18/10/2019 3:19pm

UK Regulatory


Andrada Mining (LSE:ATM)
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TIDMATM

RNS Number : 4372Q

AfriTin Mining Ltd

18 October 2019

AfriTin Mining Limited

("AfriTin", "ATM" or the "Company"

and with its subsidiaries the "Group")

Grant of Options

AfriTin Mining Limited (AIM: ATM), a mining company with a portfolio of tin assets in Namibia and South Africa, announces the award of options over 21 930 000 ordinary shares in the capital of the Company to directors and certain key employees in the Group (the "New Options").

The options shall vest in three equal tranches at the 1st, 2nd and 3rd year anniversary of the grant (the date of grant being deemed to be today); and will have an exercise price of 3.75p, 4.5p and 5p for each tranche respectively. The options will all lapse after a period of 5 years.

The table below includes the allocation of share options to directors as well as Persons Discharging Managerial Responsibilities ("PDMRs"):

 
                     Details of New Options                             Total 
                                                                         Options 
                                                                         held including 
                                                                         the New 
                                                                         Options 
                                                                         * 
 Director/PDMR       No of New    No of New    No of New    No of New 
                      Options      Options      Options      Options 
                      - Tranche    - Tranche    - Tranche    - Total 
                      1            2            3 
                    -----------  -----------  -----------  ----------  ---------------- 
 Glen Parsons                                                           4 500 
  (Chairman)         500 000      500 000      500 000      1 500 000    000 
                    -----------  -----------  -----------  ----------  ---------------- 
 Terence Goodlace                                                       4 000 
  (NED)              500 000      500 000      500 000      1 500 000    000 
                    -----------  -----------  -----------  ----------  ---------------- 
 Laurence Robb                                                          4 000 
  (NED)              500 000      500 000      500 000      1 500 000    000 
                    -----------  -----------  -----------  ----------  ---------------- 
 Anthony Viljoen                                                        10 600 
  (CEO)              1 200 000    1 200 000    1 200 000    3 600 000    000 
                    -----------  -----------  -----------  ----------  ---------------- 
 Roger Williams                                                         4 000 
  (NED)              500 000      500 000      500 000      1 500 000    000 
                    -----------  -----------  -----------  ----------  ---------------- 
 Robert Sewell                                                          5 873 
  (CFO - PDMR)       800 000      800 000      800 000      2 400 000    684 
                    -----------  -----------  -----------  ----------  ---------------- 
 Frans van Daalen                                                       8 400 
  (COO - PDMR)       800 000      800 000      800 000      2 400 000    000 
                    -----------  -----------  -----------  ----------  ---------------- 
 

* refer to announcement dated 23 May 2018 for further details of the options granted in addition to the New Options.

The total number of options outstanding is 61 061 574 which represents 9.48% of the current issued share capital of 644 201 599 ordinary shares.

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

- End -

For further information, please visit www.afritinmining.com or contact:

 
 AfriTin Mining Limited                +27 (11) 268 6555 
 Anthony Viljoen, CEO 
 Nominated Adviser and Joint Broker    +44 (0) 207 220 1666 
 WH Ireland Limited 
  Katy Mitchell 
  James Sinclair-Ford 
 Corporate Advisor and Joint Broker 
 H&P Advisory Limited 
  Andrew Chubb 
  Jay Ashfield 
  Nilesh Patel                         +44 (0) 20 7907 8500 
 
 Joint Broker                          +44 (0)20 7399 9400 
 NOVUM Securities Limited 
  Jon Belliss 
 Tavistock Financial PR (United 
  Kingdom)                             +44 (0) 207 920 3150 
 Jos Simson 
  Barney Hayward 
 

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                                                          Glen Parsons 
     ------------------------------------------------------------  --------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------- 
 a)   Position/status                                               Chairman 
     ------------------------------------------------------------  --------------------------------- 
 b)   Initial notification/ Amendment                               Initial notification 
     ------------------------------------------------------------  --------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ----------------------------------------------------------------------------------------------- 
 a)   Name                                                          AfriTin Mining plc 
     ------------------------------------------------------------  --------------------------------- 
 b)   LEI 
                                                                      *    213800FKOXWBL6JBVH90 
     ------------------------------------------------------------  --------------------------------- 
 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, type of instrument   Ordinary share 
 
       Identification code 
                                                                     GG00BD95V148 
     ------------------------------------------------------------  --------------------------------- 
 b)   Nature of the transaction                                     Issue of options 
     ------------------------------------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)                                         Exercise Price(s)    Volume(s) 
                                                                      3.75 pence           500 000 
                                                                       4.5 pence            500 000 
                                                                       5.0 pence            500 000 
                                                                                          ---------- 
     ------------------------------------------------------------  --------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                      1,500,000 
                                                                      3.75p, 4.5p and 5p 
 
         *    Price 
     ------------------------------------------------------------  --------------------------------- 
 e)   Date of the transaction                                       18/10/2019 
     ------------------------------------------------------------  --------------------------------- 
 f)   Place of the transaction                                      Off market 
     ------------------------------------------------------------  --------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Terence Goodlace 
     ------------------------------------------------------------  --------------------------------- 
 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                                                          AfriTin Mining plc 
     ------------------------------------------------------------  --------------------------------- 
 b)   LEI 
                                                                      *    213800FKOXWBL6JBVH90 
     ------------------------------------------------------------  --------------------------------- 
 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, type of instrument   Ordinary share 
 
       Identification code 
                                                                     GG00BD95V148 
     ------------------------------------------------------------  --------------------------------- 
 b)   Nature of the transaction                                     Issue of options 
     ------------------------------------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)                                         Exercise Price(s)    Volume(s) 
                                                                      3.75 pence           500 000 
                                                                       4.5 pence            500 000 
                                                                       5.0 pence            500 000 
                                                                                          ---------- 
     ------------------------------------------------------------  --------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                      1,500,000 
                                                                      3.75p, 4.5p and 5p 
 
         *    Price 
     ------------------------------------------------------------  --------------------------------- 
 e)   Date of the transaction                                       18/10/2019 
     ------------------------------------------------------------  --------------------------------- 
 f)   Place of the transaction                                      Off market 
     ------------------------------------------------------------  --------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Laurence Robb 
     ------------------------------------------------------------  --------------------------------- 
 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                                                          AfriTin Mining plc 
     ------------------------------------------------------------  --------------------------------- 
 b)   LEI 
                                                                      *    213800FKOXWBL6JBVH90 
     ------------------------------------------------------------  --------------------------------- 
 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, type of instrument   Ordinary share 
 
       Identification code 
                                                                     GG00BD95V148 
     ------------------------------------------------------------  --------------------------------- 
 b)   Nature of the transaction                                     Issue of options 
     ------------------------------------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)                                         Exercise Price(s)    Volume(s) 
                                                                      3.75 pence           500 000 
                                                                       4.5 pence            500 000 
                                                                       5.0 pence            500 000 
                                                                                          ---------- 
     ------------------------------------------------------------  --------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                      1,500,000 
                                                                      3.75p, 4.5p and 5p 
 
         *    Price 
     ------------------------------------------------------------  --------------------------------- 
 e)   Date of the transaction                                       18/10/2019 
     ------------------------------------------------------------  --------------------------------- 
 f)   Place of the transaction                                      Off market 
     ------------------------------------------------------------  --------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Anthony Viljoen 
     ------------------------------------------------------------  ---------------------------------- 
 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                                                          AfriTin Mining plc 
     ------------------------------------------------------------  ---------------------------------- 
 b)   LEI 
                                                                      *    213800FKOXWBL6JBVH90 
     ------------------------------------------------------------  ---------------------------------- 
 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, type of instrument   Ordinary share 
 
       Identification code 
                                                                     GG00BD95V148 
     ------------------------------------------------------------  ---------------------------------- 
 b)   Nature of the transaction                                     Issue of options 
     ------------------------------------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)                                         Exercise Price(s)    Volume(s) 
                                                                      3.75 pence           1,200,000 
                                                                       4.5 pence            1,200,000 
                                                                       5.0 pence            1,200,000 
                                                                                          ----------- 
     ------------------------------------------------------------  ---------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                      3,600,000 
                                                                      3.75p, 4.5p and 5p 
 
         *    Price 
     ------------------------------------------------------------  ---------------------------------- 
 e)   Date of the transaction                                       18/10/2019 
     ------------------------------------------------------------  ---------------------------------- 
 f)   Place of the transaction                                      Off market 
     ------------------------------------------------------------  ---------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Roger Williams 
     ------------------------------------------------------------  --------------------------------- 
 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                                                          AfriTin Mining plc 
     ------------------------------------------------------------  --------------------------------- 
 b)   LEI 
                                                                      *    213800FKOXWBL6JBVH90 
     ------------------------------------------------------------  --------------------------------- 
 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, type of instrument   Ordinary share 
 
       Identification code 
                                                                     GG00BD95V148 
     ------------------------------------------------------------  --------------------------------- 
 b)   Nature of the transaction                                     Issue of options 
     ------------------------------------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)                                         Exercise Price(s)    Volume(s) 
                                                                      3.75 pence           500 000 
                                                                       4.5 pence            500 000 
                                                                       5.0 pence            500 000 
                                                                                          ---------- 
     ------------------------------------------------------------  --------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                      1,500,000 
                                                                      3.75p, 4.5p and 5p 
 
         *    Price 
     ------------------------------------------------------------  --------------------------------- 
 e)   Date of the transaction                                       18/10/2019 
     ------------------------------------------------------------  --------------------------------- 
 f)   Place of the transaction                                      Off market 
     ------------------------------------------------------------  --------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Robert Sewell 
     ------------------------------------------------------------  --------------------------------- 
 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                                                          AfriTin Mining plc 
     ------------------------------------------------------------  --------------------------------- 
 b)   LEI 
                                                                      *    213800FKOXWBL6JBVH90 
     ------------------------------------------------------------  --------------------------------- 
 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, type of instrument   Ordinary share 
 
       Identification code 
                                                                     GG00BD95V148 
     ------------------------------------------------------------  --------------------------------- 
 b)   Nature of the transaction                                     Issue of options 
     ------------------------------------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)                                         Exercise Price(s)    Volume(s) 
                                                                      3.75 pence           800,000 
                                                                       4.5 pence            800,000 
                                                                       5.0 pence            800,000 
                                                                                          ---------- 
     ------------------------------------------------------------  --------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                      2,400,000 
                                                                      3.75p, 4.5p and 5p 
 
         *    Price 
     ------------------------------------------------------------  --------------------------------- 
 e)   Date of the transaction                                       18/10/2019 
     ------------------------------------------------------------  --------------------------------- 
 f)   Place of the transaction                                      Off market 
     ------------------------------------------------------------  --------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Frans van Daalen 
     ------------------------------------------------------------  --------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------- 
 a)   Position/status                                               Chief Operating Officer 
     ------------------------------------------------------------  --------------------------------- 
 b)   Initial notification/ Amendment                               Initial notification 
     ------------------------------------------------------------  --------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ----------------------------------------------------------------------------------------------- 
 a)   Name                                                          AfriTin Mining plc 
     ------------------------------------------------------------  --------------------------------- 
 b)   LEI 
                                                                      *    213800FKOXWBL6JBVH90 
     ------------------------------------------------------------  --------------------------------- 
 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, type of instrument   Ordinary share 
 
       Identification code 
                                                                     GG00BD95V148 
     ------------------------------------------------------------  --------------------------------- 
 b)   Nature of the transaction                                     Issue of options 
     ------------------------------------------------------------  --------------------------------- 
 c)   Price(s) and volume(s)                                         Exercise Price(s)    Volume(s) 
                                                                      3.75 pence           800,000 
                                                                       4.5 pence            800,000 
                                                                       5.0 pence            800,000 
                                                                                          ---------- 
     ------------------------------------------------------------  --------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                      2,400,000 
                                                                      3.75p, 4.5p and 5p 
 
         *    Price 
     ------------------------------------------------------------  --------------------------------- 
 e)   Date of the transaction                                       18/10/2019 
     ------------------------------------------------------------  --------------------------------- 
 f)   Place of the transaction                                      Off market 
     ------------------------------------------------------------  --------------------------------- 
 

About AfriTin Mining Limited

Notes to Editors

AfriTin Mining is the first pure tin company listed in London and its vision is to create a portfolio of world-class, conflict-free, tin-producing assets. The Company's flagship asset is the Uis brownfield tin mine in Namibia, formerly the world's largest hard-rock tin mine.

AfriTin is managed by an experienced board of directors and management team with a current two-fold strategy: fast track Uis brownfield tin mine in Namibia to commercial production in Q2 2019 ramping up to 5,000 tonnes of concentrate, and consolidation of other quality African tin assets. The Company strives to capitalise on the solid supply/demand fundamentals of tin by developing a critical mass of tin resource inventory, achieving production in the near term and further scaling production by consolidating tin assets in Africa.

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.

END

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(END) Dow Jones Newswires

October 18, 2019 10:19 ET (14:19 GMT)

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