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BHL Bradda Head Lithium Limited

1.60
-0.10 (-5.88%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bradda Head Lithium Limited LSE:BHL London Ordinary Share VGG154091083 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.10 -5.88% 1.60 1.50 1.70 1.70 1.60 1.70 490,472 15:02:17
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Metal Mining Services 4.52M -3.89M -0.0100 -1.60 6.25M

Bradda Head Holdings Ltd Name Change and Award of Options (7833L)

15/09/2021 7:00am

UK Regulatory


Bradda Head Lithium (LSE:BHL)
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From Apr 2021 to Apr 2024

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TIDMBHL

RNS Number : 7833L

Bradda Head Holdings Ltd

15 September 2021

15 September 2021

Bradda Head Holdings Limited

("Bradda Head", "Bradda", or the "Company")

Name Change and Award of Options

Bradda Head (AIM: BHL) is pleased to announce that the Company has decided to change its name as well as awarding members of the Board and management share options.

Name Change

The Company proposes to change its name to Bradda Head Lithium Limited to better reflect the Company's business and focus. The Company's ticker on AIM (BHL) will remain the same post this change, as will the Company's ISIN. Trading on AIM under the new name is expected to become effective from 8.00am on Wednesday 22 September 2021.

Award of Options

As set out in the Company's AIM Admission Document, recognising the performance of members of the management and executive team in recent months, and to additionally incentivise management during the Company's upcoming exploration programme, the Board has resolved to issue 4,000,000 Options to acquire ordinary shares at an exercise price of 9p to management and certain Board members, with the exercise price representing a premium of 20% to the closing share price of 7.5p on 13 September 2021.

Options for management and directors, are subject to the following conditions:

   -      Options issued vest immediately; 
   -      Are exercisable for a period of five years from date of issue; and 

- The awards of options should lapse upon any participant no longer being an employee or connected person remunerated by the Company.

Directors and management included in the award are detailed in the table below:

 
     Director       Current Options   New Options   Total Options 
                          Held          awarded          Held 
 Ian Stalker 
  (Chair)             13,000,000       1,250,000     14,250,000 
                   ----------------  ------------  -------------- 
 Charles FitzRoy 
  (CEO)                4,500,000       1,500,000      6,000,000 
                   ----------------  ------------  -------------- 
 Jim Guilinger         1,460,252        500,000       1,960,252 
                   ----------------  ------------  -------------- 
 John Keller               -            500,000        500,000 
                   ----------------  ------------  -------------- 
 Piotr Schabik 
  (CFO)                 500,000         250,000        750,000 
                   ----------------  ------------  -------------- 
 

The total number of Options in the Company is now 23,606,277 representing 7.4% of the Company's fully diluted share capital.

For further information please visit the Company's website: www.braddaheadltd.com

Contact:

 
 Bradda Head Holdings Limited     +44 (0) 1624 639 396 
 Charlie FitzRoy, CEO 
  Denham Eke, Finance Director 
 
 Beaumont Cornish (Nomad) 
  James Biddle/Roland Cornish     +44 20 7220 1666 
 
 Peterhouse (Joint Broker)        +44 207 469 0930 
 Charles Goodfellow 
  Duncan Vasey 
  Lucy Williams 
 
 Shard Capital (Joint Broker)     +44 207 186 9927 
 Isabella Pierre 
 
 Tavistock (PR)                   + 44 20 7920 3150 
 Nick Elwes                       braddahead@tavistock.co.uk 
  Oliver Lamb 
  Adam Baynes 
 

Notes to Editors

Bradda Head Holdings Ltd is a North America-focused lithium development group. The Company currently has interests in a variety of lithium projects, the most advanced of which are in Central and Western Arizona: the Burro Creek project (Burro Creek East Project, and the Burro Creek West Project) and the Wikieup Project.

The Burro Creek East Project has an estimated an Inferred Mineral Resource (JORC) of 42.6 Mt of lithium bearing clays at an average grade of 818 ppm of lithium for 185,000 tonnes of lithium carbonate equivalent (LCE). The Burro Creek East Project also has additional exploration potential for extensions to the current model of between 50,000 to 300,000 tonnes of lithium carbonate equivalent.

The Group intends to continue to develop its three phase one projects in Arizona, whilst endeavouring to unlock value at its other prospective pegmatite and brine assets in Arizona, Nevada and Pennsylvania.

All Bradda Head's licences are held on a 100% equity basis and are in close proximity to the required infrastructure.

Bradda Head is listed on the AIM market of the London Stock Exchange with the ticker of BHL.

Director and PDMR Shareholding Disclosures

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Ian Stalker 
     --------------------------------  --------------------------------- 
 2    Reason for notification 
     ------------------------------------------------------------------- 
 a)   Position / status                 Chairman 
     --------------------------------  --------------------------------- 
 b)   Initial Notification /Amendment   Initial 
     --------------------------------  --------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                              Bradda Head Holdings Limited 
     --------------------------------  --------------------------------- 
 b)   LEI                               LEI: 213800T879QQXKR2WN54 
     --------------------------------  --------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type ofinstrument; (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 no par value 
       instrument, type of instrument    each 
       Identification code               ISIN: VGG154091083 
     --------------------------------  --------------------------------- 
 b)   Nature of the transaction         Purchase of shares 
     --------------------------------  --------------------------------- 
 c)    Price(s) and volumes(s)            Price(s)    Volumes(s) 
                                           9 pence     1,250,000 
                                                      ----------- 
     --------------------------------  --------------------------------- 
 d)   Aggregated information            n/a 
     --------------------------------  --------------------------------- 
 e)   Date of the transaction           14 September 2021 
     --------------------------------  --------------------------------- 
 f)   Place of the transaction          London Stock Exchange, AIM (LON) 
     --------------------------------  --------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Charles FitzRoy 
     --------------------------------  --------------------------------- 
 2    Reason for notification 
     ------------------------------------------------------------------- 
 a)   Position / status                 CEO 
     --------------------------------  --------------------------------- 
 b)   Initial Notification /Amendment   Initial 
     --------------------------------  --------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                              Bradda Head Holdings Limited 
     --------------------------------  --------------------------------- 
 b)   LEI                               LEI: 213800T879QQXKR2WN54 
     --------------------------------  --------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type ofinstrument; (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 no par value 
       instrument, type of instrument    each 
       Identification code               ISIN: VGG154091083 
     --------------------------------  --------------------------------- 
 b)   Nature of the transaction         Purchase of shares 
     --------------------------------  --------------------------------- 
 c)    Price(s) and volumes(s)            Price(s)    Volumes(s) 
                                           9 pence     1,500,000 
                                                      ----------- 
     --------------------------------  --------------------------------- 
 d)   Aggregated information            n/a 
     --------------------------------  --------------------------------- 
 e)   Date of the transaction           14 September 2021 
     --------------------------------  --------------------------------- 
 f)   Place of the transaction          London Stock Exchange, AIM (LON) 
     --------------------------------  --------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Jim Guilinger 
     --------------------------------  --------------------------------- 
 2    Reason for notification 
     ------------------------------------------------------------------- 
 a)   Position / status                 COO 
     --------------------------------  --------------------------------- 
 b)   Initial Notification /Amendment   Initial 
     --------------------------------  --------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                              Bradda Head Holdings Limited 
     --------------------------------  --------------------------------- 
 b)   LEI                               LEI: 213800T879QQXKR2WN54 
     --------------------------------  --------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type ofinstrument; (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 no par value 
       instrument, type of instrument    each 
       Identification code               ISIN: VGG154091083 
     --------------------------------  --------------------------------- 
 b)   Nature of the transaction         Purchase of shares 
     --------------------------------  --------------------------------- 
 c)    Price(s) and volumes(s)            Price(s)    Volumes(s) 
                                           9 pence     500,000 
                                                      ----------- 
     --------------------------------  --------------------------------- 
 d)   Aggregated information            n/a 
     --------------------------------  --------------------------------- 
 e)   Date of the transaction           14 September 2021 
     --------------------------------  --------------------------------- 
 f)   Place of the transaction          London Stock Exchange, AIM (LON) 
     --------------------------------  --------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              John Keller 
     --------------------------------  --------------------------------- 
 2    Reason for notification 
     ------------------------------------------------------------------- 
 a)   Position / status                 Chief Geologist 
     --------------------------------  --------------------------------- 
 b)   Initial Notification /Amendment   Initial 
     --------------------------------  --------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                              Bradda Head Holdings Limited 
     --------------------------------  --------------------------------- 
 b)   LEI                               LEI: 213800T879QQXKR2WN54 
     --------------------------------  --------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type ofinstrument; (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 no par value 
       instrument, type of instrument    each 
       Identification code               ISIN: VGG154091083 
     --------------------------------  --------------------------------- 
 b)   Nature of the transaction         Purchase of shares 
     --------------------------------  --------------------------------- 
 c)    Price(s) and volumes(s)            Price(s)    Volumes(s) 
                                           9 pence     500,000 
                                                      ----------- 
     --------------------------------  --------------------------------- 
 d)   Aggregated information            n/a 
     --------------------------------  --------------------------------- 
 e)   Date of the transaction           14 September 2021 
     --------------------------------  --------------------------------- 
 f)   Place of the transaction          London Stock Exchange, AIM (LON) 
     --------------------------------  --------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Piotr Schabik 
     --------------------------------  --------------------------------- 
 2    Reason for notification 
     ------------------------------------------------------------------- 
 a)   Position / status                 CFO 
     --------------------------------  --------------------------------- 
 b)   Initial Notification /Amendment   Initial 
     --------------------------------  --------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                              Bradda Head Holdings Limited 
     --------------------------------  --------------------------------- 
 b)   LEI                               LEI: 213800T879QQXKR2WN54 
     --------------------------------  --------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type ofinstrument; (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 no par value 
       instrument, type of instrument    each 
       Identification code               ISIN: VGG154091083 
     --------------------------------  --------------------------------- 
 b)   Nature of the transaction         Purchase of shares 
     --------------------------------  --------------------------------- 
 c)    Price(s) and volumes(s)            Price(s)    Volumes(s) 
                                           9 pence     250,000 
                                                      ----------- 
     --------------------------------  --------------------------------- 
 d)   Aggregated information            n/a 
     --------------------------------  --------------------------------- 
 e)   Date of the transaction           14 September 2021 
     --------------------------------  --------------------------------- 
 f)   Place of the transaction          London Stock Exchange, AIM (LON) 
     --------------------------------  --------------------------------- 
 

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END

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(END) Dow Jones Newswires

September 15, 2021 02:00 ET (06:00 GMT)

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