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Share Name Share Symbol Market Type Share ISIN Share Description
Ironveld Plc LSE:IRON London Ordinary Share GB0030426455 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.55 0.50 0.60 0.55 0.55 0.55 143,230 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.6 -0.1 - 4

Ironveld PLC Grant of Share Options

10/01/2020 12:45pm

UK Regulatory (RNS & others)


Ironveld (LSE:IRON)
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RNS Number : 4818Z

Ironveld PLC

10 January 2020

10 January 2020

IRONVELD PLC

("Ironveld" or the "Company")

Grant of Share Options

Ironveld plc announces that on 10 January 2020 the Company's Remuneration Committee granted options to Martin Eales, Chief Executive Officer, over 27,400,000 new ordinary shares of 1 pence each, representing 4.18 per cent of the current issued share capital of the Company, under the Long Term Incentive Plan approved at the General Meeting held on 15 August 2012.

The options have an exercise price of 1 pence and vest in two equal tranches: 50 per cent immediately and 50 per cent 12 months following the award. The options expire on the 10(th) anniversary of the grant.

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

 
            1.   Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                             Martin Eales 
                -------------------------------  ------------------------------------- 
            2.   Reason for the Notification 
                ---------------------------------------------------------------------- 
 a)              Position/status                  Chief Executive Officer 
                -------------------------------  ------------------------------------- 
 b)              Initial notification/Amendment   Initial 
                -------------------------------  ------------------------------------- 
 3.              Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                ---------------------------------------------------------------------- 
 a)              Name                             Ironveld Plc 
                -------------------------------  ------------------------------------- 
 b)              LEI                              2138004LU52LQBNXG604 
                -------------------------------  ------------------------------------- 
 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               Ordinary Shares of 1 pence 
                  Financial instrument, 
                  type of instrument 
                 Identification code              GB0030426455 
                -------------------------------  ------------------------------------- 
 b)              Nature of the transaction        Grant of share options to PDMR under 
                                                   the Ironveld Long Term Incentive 
                                                   Plan with an exercise price of 1 
                                                   pence per share. 
                -------------------------------  ------------------------------------- 
 c)              Price(s) and volume(s)            Price(s)    Volume(s) 
                                                    n/a         27,400,000 
                                                               ----------- 
                -------------------------------  ------------------------------------- 
 d)              Aggregated information:          See above 
                   *    Aggregated volume 
 
 
                   *    Price 
                -------------------------------  ------------------------------------- 
 e)              Date of the transaction          10 January 2020 
                -------------------------------  ------------------------------------- 
 f)              Place of the transaction         Outside trading venue 
                -------------------------------  ------------------------------------- 
 

For further information, please contact:

 
Ironveld plc                              c/o Blytheweigh 
 Giles Clarke, Chairman                    +44 20 7138 3204 
 Martin Eales, Chief Executive Officer 
finnCap (Nomad and Broker) 
 Christopher Raggett / Hannah Boros       +44 20 7220 0500 
Blytheweigh 
 Tim Blythe / Megan Ray                   +44 20 7138 3204 
 

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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January 10, 2020 07:45 ET (12:45 GMT)

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