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KAT Katoro Gold Plc

0.09
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Katoro Gold Plc LSE:KAT London Ordinary Share GB00BSNBL022 ORD GBP0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.09 0.08 0.10 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 0 -1.05M -0.0016 -0.56 602.55k

Katoro Gold PLC Share Option Plan (8485X)

02/09/2020 1:20pm

UK Regulatory


Katoro Gold (LSE:KAT)
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TIDMKAT

RNS Number : 8485X

Katoro Gold PLC

02 September 2020

Katoro Gold plc (Incorporated in England and Wales )

( Registration Number: 9306219)

Share code on AIM: KAT

ISIN: GB00BSNBL022

   ("Katoro" or  "the   Company") 

Dated: 2 September 2020

Katoro Gold PLC ('Katoro' or the 'Company')

Share Option Plan

Katoro Gold plc (AIM: KAT), the AIM listed gold and nickel exploration and development company, announces the issue of options to the Board of Directors (the "Board") and Management of the Company.

The Board has resolved to grant options ("Options") over a total of 17,300,000 new ordinary shares of GBP0.01 each in the capital of the Company ("Ordinary Shares") to the Board and Management of the Company. The Options are exercisable at 2.6 pence per Ordinary Share, constituting a c. 10% premium to the Company's recent closing share price on 28 August 2020. The Options have an expiry date of the seventh anniversary from the date of grant of 28 August 2020, with 50% vesting on issue and the remaining 50% vesting in one year.

 
Name and Position                                 No. of Options 
Louis Coetzee (Executive Chairman)                     3 300 000 
                                           --------------------- 
Myles Campion (Non-executive Director)                 2 600 000 
                                           --------------------- 
Tinus Maree (Non-executive Director)                   2 600 000 
                                           --------------------- 
Paul Dudley (Non-executive Director)                   2 600 000 
                                           --------------------- 
Louis Scheepers (Non-executive Director)               3 100 000 
                                           --------------------- 
Pieter Krugel (Financial Controller)                   3 100 000 
                                           --------------------- 
Total                                                 17 300 000 
                                           --------------------- 
 

Following these grants the total number of options in issue over Ordinary Shares is 17,300,000. The Options if fully exercised will constitute 5.34% of the Company's current issued share capital.

PDMR Notification Forms:

The notifications below are made in accordance with the requirements of the Market Abuse Regulation:

 
1.  Details of the person discharging managerial responsibilities/person 
     closely associated 
a)  Name                                      Louis Lodewyk Coetzee 
    ----------------------------------------  ---------------------------- 
2.  Reason for the Notification 
    ---------------------------------------------------------------------- 
a)  Position/status                           Executive Chairman 
    ----------------------------------------  ---------------------------- 
b)  Initial notification/amendment            Initial notification 
    ----------------------------------------  ---------------------------- 
3.  Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
    ---------------------------------------------------------------------- 
a)  Name                                      Katoro Gold PLC 
    ----------------------------------------  ---------------------------- 
b)  LEI                                       213800Q9L29ZXI53T558 
    ----------------------------------------  ---------------------------- 
 
 
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 share of GBP0.01 each 
     Financial instrument, 
     type of instrument 
    -----------------------------  --------------------------------- 
    Identification code            GB00BSNBL022 
    -----------------------------  --------------------------------- 
b)  Nature of the Transaction      Grant of options 
    -----------------------------  --------------------------------- 
c)  Price(s) Volume(s)             Exercise price - 2.6 pence 
                                    3,300,000 
    -----------------------------  --------------------------------- 
d)  Aggregated information         N/A - single transaction 
     Aggregated volume 
     price 
    -----------------------------  --------------------------------- 
e)  Date of the transaction        28 August 2020 
    -----------------------------  --------------------------------- 
f)  Place of the transaction       Outside a trading venue 
    -----------------------------  --------------------------------- 
 
 
1.  Details of the person discharging managerial responsibilities/person 
     closely associated 
a)  Name                                Myles Campion 
    ----------------------------------  ---------------------------------- 
2.  Reason for the Notification 
    ---------------------------------------------------------------------- 
a)  Position/status                     Non-Executive Director 
    ----------------------------------  ---------------------------------- 
b)  Initial notification/amendment      Initial notification 
    ----------------------------------  ---------------------------------- 
3.  Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
    ---------------------------------------------------------------------- 
a)  Name                                Katoro Gold PLC 
    ----------------------------------  ---------------------------------- 
b)  LEI                                 213800Q9L29ZXI53T558 
    ----------------------------------  ---------------------------------- 
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 share of GBP0.01 each 
     Financial instrument, 
     type of instrument 
    ----------------------------------  ---------------------------------- 
    Identification code                 GB00BSNBL022 
    ----------------------------------  ---------------------------------- 
b)  Nature of the Transaction           Grant of options 
    ----------------------------------  ---------------------------------- 
c)  Price(s) Volume(s)                  Exercise price - 2.6 pence 
                                         2,600,000 
    ----------------------------------  ---------------------------------- 
d)  Aggregated information              N/A - single transaction 
     Aggregated volume 
     price 
    ----------------------------------  ---------------------------------- 
e)  Date of the transaction             28 August 2020 
    ----------------------------------  ---------------------------------- 
f)  Place of the transaction            Outside a trading venue 
    ----------------------------------  ---------------------------------- 
 
 
1.  Details of the person discharging managerial responsibilities/person 
     closely associated 
a)  Name                                Tinus Maree 
    ----------------------------------  ---------------------------------- 
2.  Reason for the Notification 
    ---------------------------------------------------------------------- 
a)  Position/status                     Non-Executive Director 
    ----------------------------------  ---------------------------------- 
b)  Initial notification/amendment      Initial notification 
    ----------------------------------  ---------------------------------- 
3.  Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
    ---------------------------------------------------------------------- 
a)  Name                                Katoro Gold PLC 
    ----------------------------------  ---------------------------------- 
b)  LEI                                 213800Q9L29ZXI53T558 
    ----------------------------------  ---------------------------------- 
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 share of GBP0.01 each 
     Financial instrument, 
     type of instrument 
    ----------------------------------  ---------------------------------- 
    Identification code                 GB00BSNBL022 
    ----------------------------------  ---------------------------------- 
b)  Nature of the Transaction           Grant of options 
    ----------------------------------  ---------------------------------- 
c)  Price(s) Volume(s)                  Exercise price - 2.6 pence 
                                         2,600,000 
    ----------------------------------  ---------------------------------- 
d)  Aggregated information              N/A - single transaction 
     Aggregated volume 
     price 
    ----------------------------------  ---------------------------------- 
e)  Date of the transaction             28 August 2020 
    ----------------------------------  ---------------------------------- 
f)  Place of the transaction            Outside a trading venue 
    ----------------------------------  ---------------------------------- 
 
 
1.  Details of the person discharging managerial responsibilities/person 
     closely associated 
a)  Name                                Paul Dudley 
    ----------------------------------  ---------------------------------- 
2.  Reason for the Notification 
    ---------------------------------------------------------------------- 
a)  Position/status                     Non-Executive Director 
    ----------------------------------  ---------------------------------- 
b)  Initial notification/amendment      Initial notification 
    ----------------------------------  ---------------------------------- 
3.  Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
    ---------------------------------------------------------------------- 
a)  Name                                Katoro Gold PLC 
    ----------------------------------  ---------------------------------- 
b)  LEI                                 213800Q9L29ZXI53T558 
    ----------------------------------  ---------------------------------- 
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 share of GBP0.01 each 
     Financial instrument, 
     type of instrument 
    ----------------------------------  ---------------------------------- 
    Identification code                 GB00BSNBL022 
    ----------------------------------  ---------------------------------- 
b)  Nature of the Transaction           Grant of options 
    ----------------------------------  ---------------------------------- 
c)  Price(s) Volume(s)                  Exercise price - 2.6 pence 
                                         2,600,000 
    ----------------------------------  ---------------------------------- 
d)  Aggregated information              N/A - single transaction 
     Aggregated volume 
     price 
    ----------------------------------  ---------------------------------- 
e)  Date of the transaction             28 August 2020 
    ----------------------------------  ---------------------------------- 
f)  Place of the transaction            Outside a trading venue 
    ----------------------------------  ---------------------------------- 
 
 
1.  Details of the person discharging managerial responsibilities/person 
     closely associated 
a)  Name                                Louis Scheepers 
    ----------------------------------  ---------------------------------- 
2.  Reason for the Notification 
    ---------------------------------------------------------------------- 
a)  Position/status                     Non-Executive Director 
    ----------------------------------  ---------------------------------- 
b)  Initial notification/amendment      Initial notification 
    ----------------------------------  ---------------------------------- 
3.  Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
    ---------------------------------------------------------------------- 
a)  Name                                Katoro Gold PLC 
    ----------------------------------  ---------------------------------- 
b)  LEI                                 213800Q9L29ZXI53T558 
    ----------------------------------  ---------------------------------- 
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 share of GBP0.01 each 
     Financial instrument, 
     type of instrument 
    ----------------------------------  ---------------------------------- 
    Identification code                 GB00BSNBL022 
    ----------------------------------  ---------------------------------- 
b)  Nature of the Transaction           Grant of options 
    ----------------------------------  ---------------------------------- 
c)  Price(s) Volume(s)                  Exercise price - 2.6 pence 
                                         3,100,000 
    ----------------------------------  ---------------------------------- 
d)  Aggregated information              N/A - single transaction 
     Aggregated volume 
     price 
    ----------------------------------  ---------------------------------- 
e)  Date of the transaction             28 August 2020 
    ----------------------------------  ---------------------------------- 
f)  Place of the transaction            Outside a trading venue 
    ----------------------------------  ---------------------------------- 
 
 
1.  Details of the person discharging managerial responsibilities/person 
     closely associated 
a)  Name                                       Pieter Krugel 
    -----------------------------------------  --------------------------- 
2.  Reason for the Notification 
    ---------------------------------------------------------------------- 
a)  Position/status                            Financial Controller 
    -----------------------------------------  --------------------------- 
b)  Initial notification/amendment             Initial notification 
    -----------------------------------------  --------------------------- 
3.  Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
    ---------------------------------------------------------------------- 
a)  Name                                       Katoro Gold PLC 
    -----------------------------------------  --------------------------- 
b)  LEI                                        213800Q9L29ZXI53T558 
    -----------------------------------------  --------------------------- 
 
 
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 share of GBP0.01 each 
     Financial instrument, 
     type of instrument 
    -----------------------------  --------------------------------- 
    Identification code            GB00BSNBL022 
    -----------------------------  --------------------------------- 
b)  Nature of the Transaction      Grant of options 
    -----------------------------  --------------------------------- 
c)  Price(s) Volume(s)             Exercise price - 2.6 pence 
                                    3,100,000 
    -----------------------------  --------------------------------- 
d)  Aggregated information         N/A - single transaction 
     Aggregated volume 
     price 
    -----------------------------  --------------------------------- 
e)  Date of the transaction        28 August 2020 
    -----------------------------  --------------------------------- 
f)  Place of the transaction       Outside a trading venue 
    -----------------------------  --------------------------------- 
 

**ENDS**

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014.

For further information please visit www.katorogold.com or contact:

 
 Louis Coetzee     louisc@katorogold.com   Katoro Gold plc      Executive Chairman 
 Bhavesh Patel     +44 20 3440              RFC Ambrian         Nominated Advisor 
  Andrew Thomson    6800                     Limited 
                  ----------------------  -------------------  ------------------- 
 Nick Emmerson     +44 (0) 1483            SI Capital Ltd       Broker 
  Sam Lomanto       413 500 
                  ----------------------  -------------------  ------------------- 
 Isabel de Salis   +44 (0) 20 7236         St Brides Partners   Investor and Media 
  Beth Melluish     1177                    Ltd                  Relations Adviser 
                  ----------------------  -------------------  ------------------- 
 

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 .

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.

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END

DSHSSMFEEESSEFU

(END) Dow Jones Newswires

September 02, 2020 08:20 ET (12:20 GMT)

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