Rambler Metals & Mining PLC GRANT OF OPTIONS / PDMR SHAREHOLDING (1380X)

TIDMRMM

RNS Number : 1380X

Rambler Metals & Mining PLC

25 April 2019

25 April 2019

RAMBLER METALS & MINING PLC

(Rambler or the Company)

Grant of options / pdmr shareholding

London, United Kingdom & Newfoundland and Labrador, Canada - Rambler Metals and Mining PLC (AIM: RMM) ('Rambler') announces on 25 April 2019 that Andre Booyzen, Chief Executive Officer, was issued 5,000,000 share options of the Company exercisable at the Fair Market value of GBP 0.013 per share, in accordance with the Company's compensation policy. Fair Market value, as defined by the plan, is the volume weighted average trading price on the LSE:AIM for the five trading days immediately prior to the date of grant. The options are exercisable for five years and will vest 100 percent after three years from the date of grant.

Andre Booyzen does not hold any ordinary shares in the Company. Following this grant, Mr. Booyzen will have share options over a total of 5,000,000 ordinary shares of the Company.

Public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial responsibilities 
       ('PDMR')/ person closely associated 
 a)   Name                                Andre Booyzen 
     ----------------------------------  ------------------------------- 
 2    Reason for notification 
     ------------------------------------------------------------------- 
 a)   Position / status                   PDMR / Chief Executive Officer 
     ----------------------------------  ------------------------------- 
 b)   Initial notification                Initial notification. 
       /Amendment 
     ----------------------------------  ------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                                Rambler Metals and Mining PLC 
     ----------------------------------  ------------------------------- 
 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        Options over ordinary shares 
       instrument, type of instrument 
 
       Identification code 
                                           GB00B06Y3F14 
     ----------------------------------  ------------------------------- 
 b)   Nature of the transaction           Issuance of Share Options 
     ----------------------------------  ------------------------------- 
 c)   Price(s) and volumes(s) 
     ----------------------------------  ------------------------------- 
 d)   Aggregated information 
 
       Aggregated volume                    5,000,000 
 
       Price                                GBP 0.013 
     ----------------------------------  ------------------------------- 
 e)   Date of the transaction             2019-04-18 
     ----------------------------------  ------------------------------- 
 f)   Place of the transaction            Outside a trading venue 
     ----------------------------------  ------------------------------- 
 

ABOUT RAMBLER METALS AND MINING

Rambler is a mining and development company that in November 2012 brought its first mine into commercial production. Rambler has a 100 per cent ownership in the Ming Copper-Gold Mine, a fully operational base and precious metals processing facility and year round bulk storage and shipping facility; all located on the Baie Verte peninsula, Newfoundland and Labrador, Canada.

Following the completion of its recent productivity improvement initiative Rambler's focus is on sustaining mine and mill production at 1,250 metric tonnes per day. With a return to profitability and positive cash flow, Rambler will continue advancing Phase III engineering studies with a view to further increase production to 2,000 mtpd at the Ming Mine.

Along with the Ming Mine, Rambler also owns 100 per cent of the former producing Little Deer/ Whales Back copper mines and has strategic investment in the former producing Hammerdown gold mine.

Rambler is currently listed in London under AIM:RMM.

For further information, please contact:

 
  Andre Booyzen               Sanjay Swarup               Tim Sanford. P. Eng. 
   President and CEO           CFO                         Vice President and 
   Rambler Metals & Mining     Rambler Metals & Mining     Corporate Secretary 
   Plc                         Plc                         Rambler Metals & Mining 
   Tel No: +44 (0) 20          Tel No: +44 (0) 20          Plc 
   8652-2700                   7096 0662                   Tel No: [phone] 
   Fax No: +44 (0) 20          Fax No: +44 (0) 20          Fax No: [phone] 
   8652-2719                   8609 0313 
 
   Nominated Advisor 
   (NOMAD) 
  Ewan Leggat, Caroline 
   Rowe 
   SP Angel Corporate 
   Finance LLP 
   Tel No: +44 (0) 20 
   3470 0470 
 

Website: www.ramblermines.com

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.

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.

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April 25, 2019 09:38 ET (13:38 GMT)