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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Corcel Plc | LSE:CRCL | London | Ordinary Share | GB00BKM69866 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.05 | -11.76% | 0.375 | 0.35 | 0.40 | 0.425 | 0.375 | 0.425 | 2,668,381 | 15:13:43 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc Nonmtl Minrls, Ex Fuels | 0 | -1.26M | -0.0008 | -4.63 | 5.92M |
TIDMRGM
RNS Number : 7411Y
Regency Mines PLC
07 December 2017
Regency Mines Plc
("Regency Mines" or the "Company")
Issue of Shares under Share Incentive Plan and Directors' Dealings
7 December 2017
Regency Mines Plc, the natural resource investment and development company, announces that on 6 December 2017 the Board of Directors approved the issuance of 2,304,000 ordinary shares in the Company ("Ordinary Shares") under the Company's Share Incentive Plan ("SIP") for the 2017/18 tax year as agreed in the Trustees meeting held on 6 December 2017.
Under the terms of the SIP, once employees have satisfactorily completed their probationary period, they may sign up to the Free Share Agreement.
Free Share Agreement - Free Share Award
Under the Free Share Agreement, employees may be awarded up to GBP3,600 worth of Ordinary Shares in the Company in any one tax year. Ordinary Shares to the value of GBP3,600 per existing employee have been awarded in respect of the 2017/18 tax year, representing a total of 2,304,000 Ordinary Shares, with reference to the mid-market closing price of 0.625p as of 5 December 2017.
All shares awarded under the Free Share Agreement will be held by the SIP Trustees and such shares cannot be released to participants until five years after the date of the award, except in specific circumstances.
Directors' Participation
In respect of the 2017/2018 tax year, each Director has been awarded 576,000 Ordinary Shares under the Free Share Agreement. These shares awarded to Directors have been included in the table below, which sets out the total shareholding and interests of the directors in the enlarged share capital of the Company:
Directors New Ordinary Shares Total %of Enlarged Options Warrants Ordinary Post Issuance Shares Issued Shares Share Capital ----------- ---------- ----------------------- ----------- ------------- ----------- ---------- Direct Indirect* ----------- ---------- ---------- ----------- ----------- ------------- ----------- ---------- Andrew R M Bell 576,000 2,222,222 12,983,425 15,205,647 2.63% 13,360,000 2,222,222 ----------- ---------- ---------- ----------- ----------- ------------- ----------- ---------- Edward Sr Bugnosen 576,000 10,000 4,760,623 4,770,623 0.82% 560,000 - ----------- ---------- ---------- ----------- ----------- ------------- ----------- ---------- Scott C Kaintz 576,000 - 4,898,706 4,898,706 0.85% 12,420,000 - ----------- ---------- ---------- ----------- ----------- ------------- ----------- ----------
*Mr A Bell and Mr S Kaintz are each beneficiaries of 4,877,654 shares held on their behalf by the SIP Trustees whilst Mr E Bugnosen is a beneficiary of 4,760,623 shares held on his behalf by the SIP Trustees. In addition, Mr A Bell holds 4,825,907 shares in the account of Alliance Trust Nominees Limited, 977,429 shares in the name of Beaufort Securities Nominees Limited, and 2,302,435 shares in the account of Rock (Nominees) Limited. Mr S Kaintz holds 21,052 shares in the account of Hargreave Hale Ltd.
Admission to trading on AIM and Total Voting Rights
Application is being made to AIM for 2,304,000 new Ordinary Shares allotted in relation to the SIP for 2017/18 tax year to be admitted to trading on AIM. Admission of the 2,304,000 new Ordinary Shares is expected on or around 14 December 2017.
Following the issue of the 2,304,000 new Ordinary Shares, the issued share capital of the Company consists of 578,795,064 ordinary shares of 0.01p each with voting rights. No Ordinary Shares are held in Treasury.
The above figure of 578,795,064 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 contact:
Andrew Bell 0207 747 9960 Chairman Regency Mines Plc
Scott Kaintz 0207 747 9960 Executive Director Regency Mines Plc
Roland Cornish/Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited
Jason Robertson 0207 374 2212 Broker First Equity Ltd.
The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
1 Details of the person discharging managerial responsibilities / person closely associated ---- ----------------------------------------------------------------------- a) Name 1. Andrew R M Bell 2. Scott C Kaintz 3. Edward Sr Bugnosen 4. Rasa Vaitkute ---- -------------------------- ------------------------------------------- 2 Reason for the notification ---- ----------------------------------------------------------------------- a) Position/status 1. Executive Chairman 2. Executive Director 3. Non-Executive Director 4. Corporate Affairs Manager ---- -------------------------- ------------------------------------------- b) Initial notification Initial Notification /Amendment ---- -------------------------- ------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ---- ----------------------------------------------------------------------- a) Name Regency Mines Plc ---- -------------------------- ------------------------------------------- b) LEI 2138009ECXQQ3EGKVY57 ---- -------------------------- ------------------------------------------- 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 Shares of 0.01p each the financial instrument, type of instrument ---- Identification ISIN: GB00BYVT4J08 code b) Nature of the Issue of Shares under Share Incentive transaction Plan ---- -------------------------- ------------------------------------------- c) Price(s) and volume(s) Name Price(s) Volume(s) ---------------- --------- ---------- Andrew R M Bell 0.625p 576,000 ---------------- --------- ---------- Scott C Kaintz 0.625p 576,000 ---------------- --------- ---------- Edward Sr Bugnosen 0.625p 576,000 ---------------- --------- ---------- Rasa Vaitkute 0.625p 576,000 ---------------- --------- ---------- ---- ----------------------------------------- d) Aggregated information ---- - Aggregated volume 2,304,000 - Price 0.625 pence e) Date of the transaction 6 December 2017 ---- -------------------------- ------------------------------------------- f) Place of the transaction Outside a trading venue ---- -------------------------- -------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
December 07, 2017 11:02 ET (16:02 GMT)
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