Arkle Resources PLC Grant of Options (3872N)

TIDMARK

RNS Number : 3872N

Arkle Resources PLC

19 May 2020

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

19 May 2020

Arkle Resources PLC

("Arkle" or the "Company")

Grant of Options

Arkle Resources PLC (LON: ARK), the Irish gold and zinc exploration and development company, is pleased to announce that the following long-term, incentive options have today been granted over 9,000,000 ordinary shares of EUR0.0025 in the Company ("the Options"). The Options vest immediately, have an exercise price of 0.95 pence and an expiry date of 18 May 2027. The Options will be distributed between the Directors as follows:

 
 Director                                                Number of Share Options 
                                                          granted 
 John Teeling, Non-Executive Chairman                    2,000,000 
                                                        ------------------------ 
 Patrick Cullen, CEO                                     3,000,000 
                                                        ------------------------ 
 David Cockbill, Non-Executive Director                  2,000,000 
                                                        ------------------------ 
 James Finn, Financial Director and Company Secretary    2,000,000 
                                                        ------------------------ 
 

Following this grant of options, the directors and a consultant to the Company hold a total of 11,800,000 long-term, incentive options, representing approximately 5.5% of the Company's issued share capital, as enlarged by the placing announced on 18 May 2020.

ENDS

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 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:                                   1. John Teeling 
                                               2. Patrick Cullen 
                                               3. David Cockbill 
                                               4. James Finn 
     ---------------------------------  --------------------------------------- 
 2.   Reason for the notification 
     -------------------------------------------------------------------------- 
 a)   Position/status:                        1. Non-Executive Chairman 
                                               2. CEO 
                                               3. Non-Executive Director 
                                               4. Financial Director 
                                               and Company Secretary 
     ---------------------------------  --------------------------------------- 
 b)   Initial notification/Amendment:    Initial notification 
     ---------------------------------  --------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------- 
 a)   Name:                              Arkle Resources PLC 
     ---------------------------------  --------------------------------------- 
 b)   LEI: 
                                           213800CTOO8MOLMNEQ44 
     ---------------------------------  --------------------------------------- 
 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       Ordinary shares of EUR0.0025 
       instrument, type of instrument:    each 
 
       Identification code:               E00B2357X72 
     ---------------------------------  --------------------------------------- 
 b)   Nature of the transaction:         Grant of options over 
                                          ordinary shares 
     ---------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s):              Price(s)          Volume(s) 
                                                 1. 0.95p     2,000,000 
                                                  2. 0.95p     3,000,000 
                                                  3. 0.95p     2,000,000 
                                                  4. 0.95p     2,000,000 
     ---------------------------------  --------------------------------------- 
 d)   Aggregated information:            Single transactions as 
       Aggregated volume:                 in 4 c) above Price(s)      Volume(s) 
       Price:                              0.95 pence    9,000,000 
     ---------------------------------  --------------------------------------- 
 e)   Date of the transaction:           2020-05-19 
     ---------------------------------  --------------------------------------- 
 f)   Place of the transaction:          Outside a trading venue 
     ---------------------------------  --------------------------------------- 
 

Enquiries:

 
 Arkle Resources PLC 
 John Teeling, Chairman           [phone] 
 Patrick Cullen, CEO              [phone] 
                                  [phone] 
 
 
 SP Angel Corporate Finance 
  LLP 
 Matthew Johnson/Soltan Tagiev    [phone] 
 
 
 First Equity Limited 
 Jason Robertson                  [phone] 
 
 Blytheweigh                      [phone] 
 Megan Ray 
 
 Teneo 
 Luke Hogg                        [phone] 
 Alan Tyrrell                     [phone] 
 
 

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 [e-mail] or visit www.rns.com.

END

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May 19, 2020 10:28 ET (14:28 GMT)