Ironveld PLC Grant of Share Options (3909R)

TIDMIRON

RNS Number : 3909R

Ironveld PLC

28 February 2023

28 February 2023

IRONVELD PLC

("Ironveld" or the "Company")

Grant of Share Options

Share Options

Ironveld plc announces that on 27 February 2023 the Company's Remuneration Committee granted 12,500,000 options to Martin Eales, Chief Executive Officer, and 12,500,000 options to Peter Cox, Technical Director, over new ordinary shares of 0.1 pence each, representing in total 0.86 per cent. of the current issued share capital of the Company under the Company's Long Term Incentive Plan.

The options have an exercise price of 0.30 pence and vest in three equal tranches over 36 months from the date of grant. The options expire on the 10(th) anniversary of the grant.

Following these awards the Company has a total of 80,470,001 shares under option, representing 2.78 per cent. of the current issued share capital of the Company.

For further information, please contact:

 
Ironveld plc                              c/o BlytheRay 
 Giles Clarke, Chairman                    [phone] 
 Martin Eales, Chief Executive Officer 
finnCap (Nomad and Joint Broker) 
 Christopher Raggett / Charlie Beeson     [phone] 
Turner Pope (Joint Broker) 
 Andrew Thacker/James Pope                [phone] 
BlytheRay 
 Tim Blythe / Megan Ray                   [phone] 
 

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.

Grant of Options

 
 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                   O rdinary Shares of 0.1 pence 
       the 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 0.30 
                                        pence per share. 
     -------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         n/a         12,500,000 
                                                    ----------- 
     -------------------------------  ------------------------------------- 
 d)   Aggregated information:          See above 
        *    Aggregated volume 
 
 
        *    Price 
     -------------------------------  ------------------------------------- 
 e)   Date of the transaction          27 February 2023 
     -------------------------------  ------------------------------------- 
 f)   Place of the transaction         Outside trading venue 
     -------------------------------  ------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Peter Cox 
     -------------------------------  ------------------------------------- 
 2.   Reason for the Notification 
     ---------------------------------------------------------------------- 
 a)   Position/status                  Technical Director 
     -------------------------------  ------------------------------------- 
 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                   O rdinary Shares of 0.1 pence 
       the 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 0.30 
                                        pence per share. 
     -------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         n/a         12,500,000 
                                                    ----------- 
     -------------------------------  ------------------------------------- 
 d)   Aggregated information:          See above 
        *    Aggregated volume 
 
 
        *    Price 
     -------------------------------  ------------------------------------- 
 e)   Date of the transaction          27 February 2023 
     -------------------------------  ------------------------------------- 
 f)   Place of the transaction         Outside trading venue 
     -------------------------------  ------------------------------------- 
 

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February 28, 2023 11:15 ET (16:15 GMT)