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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Rainbow Rare Earths Limited | LSE:RBW | London | Ordinary Share | GG00BD59ZW98 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 10.35 | 10.20 | 10.50 | 10.35 | 10.35 | 10.35 | 54,595 | 07:47:54 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Chem,fertlizer Minrl Mng,nec | 0 | -11.98M | -0.0192 | -5.39 | 64.65M |
From Apr 2019 to Apr 2024
TIDMRBW
RNS Number : 8317O
Rainbow Rare Earths Limited
24 August 2017
FOR IMMEDIATE RELEASE
24 August 2017
Rainbow Rare Earths Ltd ('Rainbow' or 'the Company')
Grant of Share Options
Rainbow, the rare earth element mining company, announces the following grant of options to Non-Executive Directors on 23 August 2017 under its existing share option plan:
Hot Features
Premium
Name Position Options Granted Exercise
Price
Adonis Pouroulis Chairman 500,000 15.00p
Non-Executive
Atul Bali Director 500,000 15.00p
Non-Executive
Alex Lowrie Director 500,000 15.00p
Non-Executive
Shawn McCormick Director 500,000 15.00p
Non-Executive
Robert Sinclair Director 500,000 15.00p
The exercise price has been set at a significant premium to the current market price and existing options, demonstrating the Board's strong belief in the future growth of the Company. The options will vest in three equal tranches: one third upon grant, one-third on the first anniversary of grant and one-third on the second anniversary of grant.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------
a) Name Adonis Pouroulis
--- ---------------- -------------------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status PDMR
--- ---------------- -------------------------------------
b) Initial Initial Notification
notification/
Amendment
--- ---------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- -------------------------------------------------------
a) Name Rainbow Rare Earths Limited
--- ---------------- -------------------------------------
b) LEI 213800HONYSAXTG6KS11
--- ---------------- -------------------------------------
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 Ordinary shares of no par
of the value each
financial
instrument,
type
of instrument
Identification GG00BD59ZW98
code
--- ---------------- -------------------------------------
b) Nature Award of option to purchase
of the ordinary shares of the Company.
transaction Following the transaction,
Mr. Pouroulis holds 902,000
options to purchase ordinary
shares.
--- ---------------- -------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
n/a 500,000
---------- ----------
--- ---------------- -------------------------------------
d) Aggregated
information
Aggregated 500,000
volume
* Price n/a
--- ---------------- -------------------------------------
e) Date 23 August 2017
of the Note: the Company is not considered
transaction in a close period at the time
of this transaction.
--- ---------------- -------------------------------------
f) Place London Stock Exchange (XLON)
of the
transaction
--- ---------------- -------------------------------------
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------
a) Name Atul Bali
--- ---------------- -------------------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status PDMR
--- ---------------- -------------------------------------
b) Initial Initial Notification
notification/
Amendment
--- ---------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- -------------------------------------------------------
a) Name Rainbow Rare Earths Limited
--- ---------------- -------------------------------------
b) LEI 213800HONYSAXTG6KS11
--- ---------------- -------------------------------------
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 Ordinary shares of no par
of the value each
financial
instrument,
type
of instrument
Identification GG00BD59ZW98
code
--- ---------------- -------------------------------------
b) Nature Award of option to purchase
of the ordinary shares of the Company.
transaction Following the transaction,
Mr. Bali holds 500,000 options
to purchase ordinary shares.
--- ---------------- -------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
n/a 500,000
---------- ----------
--- ---------------- -------------------------------------
d) Aggregated
information
Aggregated 500,000
volume
* Price n/a
--- ---------------- -------------------------------------
e) Date 23 August 2017
of the Note: the Company is not considered
transaction in a close period at the time
of this transaction.
--- ---------------- -------------------------------------
f) Place London Stock Exchange (XLON)
of the
transaction
--- ---------------- -------------------------------------
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------
a) Name Alex Lowrie
--- ---------------- -------------------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status PDMR
--- ---------------- -------------------------------------
b) Initial Initial Notification
notification/
Amendment
--- ---------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- -------------------------------------------------------
a) Name Rainbow Rare Earths Limited
--- ---------------- -------------------------------------
b) LEI 213800HONYSAXTG6KS11
--- ---------------- -------------------------------------
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 Ordinary shares of no par
of the value each
financial
instrument,
type
of instrument
Identification GG00BD59ZW98
code
--- ---------------- -------------------------------------
b) Nature Award of option to purchase
of the ordinary shares of the Company.
transaction Following the transaction,
Mr. Lowrie holds 500,000 options
to purchase ordinary shares.
--- ---------------- -------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
n/a 500,000
---------- ----------
--- ---------------- -------------------------------------
d) Aggregated
information
Aggregated 500,000
volume
* Price n/a
--- ---------------- -------------------------------------
e) Date 23 August 2017
of the Note: the Company is not considered
transaction in a close period at the time
of this transaction.
--- ---------------- -------------------------------------
f) Place London Stock Exchange (XLON)
of the
transaction
--- ---------------- -------------------------------------
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------
a) Name Shawn McCormick
--- ---------------- -------------------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status PDMR
--- ---------------- -------------------------------------
b) Initial Initial Notification
notification/
Amendment
--- ---------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- -------------------------------------------------------
a) Name Rainbow Rare Earths Limited
--- ---------------- -------------------------------------
b) LEI 213800HONYSAXTG6KS11
--- ---------------- -------------------------------------
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 Ordinary shares of no par
of the value each
financial
instrument,
type
of instrument
Identification GG00BD59ZW98
code
--- ---------------- -------------------------------------
b) Nature Award of option to purchase
of the ordinary shares of the Company.
transaction Following the transaction,
Mr. McCormick holds 850,000
options to purchase ordinary
shares.
--- ---------------- -------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
n/a 500,000
---------- ----------
--- ---------------- -------------------------------------
d) Aggregated
information
Aggregated 500,000
volume
* Price n/a
--- ---------------- -------------------------------------
e) Date 23 August 2017
of the Note: the Company is not considered
transaction in a close period at the time
of this transaction.
--- ---------------- -------------------------------------
f) Place London Stock Exchange (XLON)
of the
transaction
--- ---------------- -------------------------------------
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------
a) Name Robert Sinclair
--- ---------------- -------------------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status PDMR
--- ---------------- -------------------------------------
b) Initial Initial Notification
notification/
Amendment
--- ---------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- -------------------------------------------------------
a) Name Rainbow Rare Earths Limited
--- ---------------- -------------------------------------
b) LEI 213800HONYSAXTG6KS11
--- ---------------- -------------------------------------
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 Ordinary shares of no par
of the value each
financial
instrument,
type
of instrument
Identification GG00BD59ZW98
code
--- ---------------- -------------------------------------
b) Nature Award of option to purchase
of the ordinary shares of the Company.
transaction Following the transaction,
Mr. Sinclair holds 850,000
options to purchase ordinary
shares.
--- ---------------- -------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ---------- ----------
n/a 500,000
---------- ----------
--- ---------------- -------------------------------------
d) Aggregated
information
Aggregated 500,000
volume
* Price n/a
--- ---------------- -------------------------------------
e) Date 23 August 2017
of the Note: the Company is not considered
transaction in a close period at the time
of this transaction.
--- ---------------- -------------------------------------
f) Place London Stock Exchange (XLON)
of the
transaction
--- ---------------- -------------------------------------
**ENDS**
For further information, please contact:
Rainbow Rare Earths Martin Eales Tel: +44 (0) Ltd 20 7494 8206 -------------------- -------------------- -------------- St Brides Partners Lottie Brocklehurst Tel: +44 (0) Ltd Susie Geliher 20 7236 1177 -------------------- -------------------- --------------
Notes to Editors
Rainbow's focus is the Gakara Project in Burundi, one of the highest-grade (47-67% Total Rare Earth Oxide) rare earths projects globally. In January 2017, the Company raised US$8 million to fast-track the fully permitted Gakara Project to production ahead of targeted first sales of concentrate by the end of 2017. Rainbow has a ten-year distribution and offtake agreement with multinational thyssenkrupp Raw Materials secured for the sale of at least 5,000 tpa of concentrate produced. The Gakara basket is weighted heavily towards the magnet rare earths, including neodymium and praseodymium, which are driving demand and account for 70% of annual global REE sales due to their use in vital components in motors, generators, wind turbines, and electric vehicles.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHUOSNRBSAWUAR
(END) Dow Jones Newswires
August 24, 2017 05:47 ET (09:47 GMT)
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