Pathfinder Minerals Plc Grant of Share Options (4773B)

TIDMPFP

RNS Number : 4773B

Pathfinder Minerals Plc

21 September 2018

21 September 2018

Pathfinder Minerals plc

("Pathfinder" or the "Company")

Grant of Share Options

Pathfinder announces that the Company has today granted a total of 15,250,000 options over the Company's ordinary shares of 0.1p each ("Ordinary Shares") to directors (the "Director Options") and 6,000,000 options over the Company's Ordinary Shares to management of the Company. Further details of the Director Options are set out below:

 
 Director                No. of options   Exercise       Expiry    Total No. 
                                Granted      Price                of Options 
                                                                        Held 
======================  ===============  =========  ===========  =========== 
 
 Simon Farrell                6,000,000      1.75p   20/09/2023    6,000,000 
======================  ===============  =========  ===========  =========== 
 Scott Richardson 
  Brown                       6,000,000      1.75p   20/09/2023    6,000,000 
======================  ===============  =========  ===========  =========== 
 Sir Henry Bellingham         3,250,000      1.75p   20/09/2023    6,000,000 
======================  ===============  =========  ===========  =========== 
 

Related Party Transaction

The grant of the Director Options is considered to be a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. The Company's Nominated Adviser, Strand Hanson Limited, considers that the terms of the grant of the Director Options are fair and reasonable in so far as the Company's shareholders are concerned.

Enquiries:

Pathfinder Minerals Plc

Scott Richardson Brown, Executive Director

Tel. [phone]

Strand Hanson Limited (Nominated & Financial Adviser and Broker)

James Spinney / Ritchie Balmer / Jack Botros

Tel. [phone]

Vigo Communications (Public Relations)

Ben Simons or Kate Rogucheva

Tel. [phone]

Email. [e-mail]

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

PDMR Notification

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                                         1. Simon Farrell 
                                                    2. Scott Richardson Brown 
                                                    3. Sir Henry Bellingham 
     --------------------------------  ----------------------------------------- 
 2.   Reason for the Notification 
     --------------------------------------------------------------------------- 
 a)   Position/status                              1. Non-Executive Co-Chairman 
                                                    2. Executive Director 
                                                    3. Non-Executive Co-Chairman 
     --------------------------------  ----------------------------------------- 
 b)   Initial notification/amendment    Initial notification 
     --------------------------------  ----------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------- 
 a)   Name                              Pathfinder Minerals PLC 
     --------------------------------  ----------------------------------------- 
 b)   LEI                               2138009YG6AG3K86TN77 
     --------------------------------  ----------------------------------------- 
 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 Financial      Issue of options over ordinary shares 
       instrument, type of instrument    of 0.1p each 
     --------------------------------  ----------------------------------------- 
      Identification code               GB00BYY0JQ23 
     --------------------------------  ----------------------------------------- 
 b)   Nature of the Transaction         Issue of options 
     --------------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)          Volume(s) 
                                          1. 1.75 pence     6,000,000 
                                           2. 1.75 pence     6,000,000 
                                           3. 1.75 pence     3,250,000 
                                                           ----------- 
     --------------------------------  ----------------------------------------- 
 d)   Aggregated information            N/A 
       Aggregated volume price 
     --------------------------------  ----------------------------------------- 
 e)   Date of the transaction           21 September 2018 
     --------------------------------  ----------------------------------------- 
 f)   Place of the transaction          AIM (LSE) 
     --------------------------------  ----------------------------------------- 
 

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 [e-mail] or visit www.rns.com.

END

MSCURUWRWWAKUAR

(END) Dow Jones Newswires

September 21, 2018 02:01 ET (06:01 GMT)