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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 |
TIDMATM
RNS Number : 8674H
AfriTin Mining Ltd
08 April 2022
8 April 2021
AfriTin Mining Limited
("AfriTin", "ATM" or the "Company"
and with its subsidiaries the "Group")
Issue of Share Options
AfriTin Mining Limited (AIM: ATM), an African tin mining company with its flagship asset, the Uis Tin Mine ("Uis") in Namibia announces today that it has issued options over 54,310,000 ordinary shares as part of its Long-Term Incentive Scheme to certain Directors, PDMRs and employees of the Company. These are in line with the established share option scheme of the Company to both reward and incentivise key employees, as per the company's reward policies.
These share options vest in three tranches over three years (tranche 1 on 8 April 2023, tranche 2 on 8 April 2024 and trance 3 on 8 April 2024) and are exercisable at a price of 9.8p; 10.3p and 10.8p. They are conditional only on the continued employment of the relevant recipient as a director or employee of the company at the time of exercise. These share options are in line with the company's remunerations committee policies based on the company's performance and the targets set for the FY of 2021.
The options issued to directors of the Company and PDMRs of the Company are as set out as follows:
Name of Director Tranche 1 Tranche 2 Tranche 3 Total Options options (at options (at options (at issued 9.8p). Exercisable 10.3p). 10.8p) at 12 months. Exercsiable Exercisable at 24 months. at 36 months Anthony Viljoen (Director) 3,000,000 1,500,000 1,500,000 6,000,000 -------------------- --------------- -------------- -------------- Glen Parsons (NED) 1,200,000 600,000 600,000 2,400,000 -------------------- --------------- -------------- -------------- Laurence Robb (NED) 1,200,000 600,000 600,000 2,400,000 -------------------- --------------- -------------- -------------- Terence Goodlace (NED) 1,200,000 600,000 600,000 2,400,000 -------------------- --------------- -------------- -------------- Michael Rawlinson (NED) 1,200,000 600,000 600,000 2,400,000 -------------------- --------------- -------------- -------------- Rob Sewell (PDMR) 1,500,000 750,000 750,000 3,000,000 -------------------- --------------- -------------- -------------- Frans Van Daalen (PDMR) 2,400,000 1,200,000 1,200,000 4,800,000 -------------------- --------------- -------------- --------------
The information contained within this announcement is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.
For further information, please visit www.afritinmining.com or contact:
AfriTin Mining Limited +27 (11) 268 6555 Anthony Viljoen, CEO Nominated Adviser +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 Tavistock Financial PR (United Kingdom) +44 (0) 207 920 3150 Jos Simson Emily Moss (nee Fenton)
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014
About AfriTin Mining Limited
Notes to Editors
AfriTin Mining Limited is the first pure tin company listed in London and its vision is to create a portfolio of globally significant, conflict-free, tin-producing assets. The Company's flagship asset is the Uis Tin Mine in Namibia, formerly the world's largest hard-rock open cast tin mine.
AfriTin is managed by an experienced board of directors and management team with a current two-fold strategy: fast-track Uis Tin Mine in Namibia to commercial production as Phase 1, ramping up to 5,000 tonnes of concentrate in a Phase 2 expansion. 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.
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 Laurence Robb ----------------------------------- ----------------------------------- 2 Reason for the notification ------------------------------------------------------------------------ a) Position/status Non-Executive Director ----------------------------------- ----------------------------------- b) Initial notification/ Initial notification Amendment ----------------------------------- ----------------------------------- 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 Ordinary share the financial instrument, type of instrument GG00BD95V148 Identification code ----------------------------------- ----------------------------------- b) Nature of the transaction Issue of options ----------------------------------- ----------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 9.8p 1,200,000 10.3p 600,000 10.8p 600,000 ---------- ----------------------------------- ----------------------------------- Aggregated information * Aggregated volume 2,400,000 d) * Price 10.175p ----------------------------------- ----------------------------------- e) Date of the transaction 8 April 2022 ----------------------------------- ----------------------------------- f) Place of the transaction XLON, AIM ----------------------------------- ----------------------------------- 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/ Initial notification Amendment ----------------------------- ----------------------------------------- 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 Ordinary share the financial instrument, type of instrument GG00BD95V148 Identification code ----------------------------- ----------------------------------------- b) Nature of the transaction Issue of shares in lieu of director fees ----------------------------- ----------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 9.8p 1,200,000
10.3p 600,000 10.8p 600,000 ---------- ----------------------------- ----------------------------------------- Aggregated information * Aggregated volume 2,400,000 d) * Price 10.175p ----------------------------- ----------------------------------------- e) Date of the transaction 8 April 2022 ----------------------------- ----------------------------------------- f) Place of the transaction XLON, AIM ----------------------------- ----------------------------------------- 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/ Initial notification Amendment ---------------------------- ----------------------------------------------- 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 Ordinary share the financial instrument, type of instrument GG00BD95V148 Identification code ---------------------------- ----------------------------------------------- b) Nature of the transaction Change of exercise price of existing options ---------------------------- ----------------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 9.8p 3,000,000 10.3p 1,500,000 10.8p 1,500,000 ----------- ---------------------------- ----------------------------------------------- d) Aggregated information * Aggregated volume 6,000,000 10.175p * Price ---------------------------------- ----------------------------------------------- e) Date of the transaction 8 April 2022 ---------------------------- ----------------------------------------------- f) Place of the transaction XLON, AIM ---------------------------- ----------------------------------------------- 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/ Initial notification Amendment ---------------------------- ----------------------------------------------- 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 Ordinary share the financial instrument, type of instrument GG00BD95V148 Identification code ---------------------------- ----------------------------------------------- b) Nature of the transaction Change of exercise price of existing options ---------------------------- ----------------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 9.8p 1,500,000 10.3p 750,000 10.8p 750,000 ---------- ---------------------------- ----------------------------------------------- d) Aggregated information * Aggregated volume 3,000,000 10.175p * Price ---------------------------------- ----------------------------------------------- e) Date of the transaction 8 April 2022 ---------------------------- ----------------------------------------------- f) Place of the transaction XLON, AIM ---------------------------- ----------------------------------------------- 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/ Initial notification Amendment ---------------------------- ----------------------------------------------- 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 Ordinary share the financial instrument, type of instrument GG00BD95V148 Identification code ---------------------------- ----------------------------------------------- b) Nature of the transaction Change of exercise price of existing options ---------------------------- ----------------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 9.8p 2,400,000 10.3p 1,200,000 10.8p 1,200,000 ----------- ---------------------------- ----------------------------------------------- d) Aggregated information * Aggregated volume 4,800,000 10.175p * Price ---------------------------------- ----------------------------------------------- e) Date of the transaction 8 April 2022 ---------------------------- ----------------------------------------------- f) Place of the transaction XLON, AIM ---------------------------- -----------------------------------------------, the news service of the London Stock Exchange. 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END
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(END) Dow Jones Newswires
April 08, 2022 13:08 ET (17:08 GMT)
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