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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Scotgold Resources Limited | LSE:SGZ | London | Ordinary Share | AU000XINEAK5 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 13.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMSGZ
RNS Number : 7640R
Scotgold Resources Ltd
01 July 2020
Scotgold Resources Limited
1 July, 2020
Scotgold Resources Limited
("Scotgold" or the "Company)
Enterprise Management Incentive Scheme
Scotgold Resources Limited (AIM: SGZ) ("Scotgold" or the "Company") announces that it has introduced an Enterprise Management Incentive scheme (EMI Scheme). Pursuant to this scheme, and where restrictions apply, a similar "Unapproved Scheme", the following unlisted options have been awarded to the individuals below, all of whom constitute PDMRs for the purpose of the EU Market Abuse Regulation (the "Share Options") ( together, the "Share Option Grant").
The Share Options shall be exercisable for a period of 5 years from the date of grant (being todays date), at an exercise price of 71p per depositary interest of no par value each ("Ordinary Share") and shall vest subject to performance based conditions as detailed below.
-- 60% of the Share Options awarded will vest upon cumulative gold equivalent production exceeding 500oz Au and 40% will vest upon exceeding 10,000oz Au.
-- In the case of the CEO Richard Gray, 100% of the Share Options will vest upon cumulative gold equivalent production exceeding 500oz Au.
Hot Features
Premium
Individual Position Number of Share Options
Richard Gray CEO 400,000
---------------------- ------------------------
Marshall Badza Mine Manager 300,000
---------------------- ------------------------
Nigel Smalley (NS) Plant Manager 225,000
---------------------- ------------------------
Jeff Hogg Financial Controller 225,000
---------------------- ------------------------
As a condition for the granting of the new Share Options to Nigel Smalley, the 120,000 options, exercisable at 34p, previously held by him have been relinquished and cancelled.
The Company currently has total issued capital of 51,351,733 shares and had 1,150,000 options on issue. On conclusion of the transactions described here, the Company will have a total of 2,180,000 options on issue which, if all options were exercised, would result in a fully diluted capital of 53,531,733 shares.
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Full name Richard Gray
of person
Dealing
------------------------------- --------------------------------------
2. Reason for notification
-----------------------------------------------------------------------
(a) Position/status CEO
------------------------------- --------------------------------------
(b) Initial notification/ Initial notification
Amendment
------------------------------- --------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
(a) Name of entity Scotgold Resources Limited
------------------------------- --------------------------------------
(b) LEI 213800HL5A2K7LW2G360
------------------------------- --------------------------------------
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 Share Options
of the financial
instrument,
type of instrument
------------------------------- --------------------------------------
(b) Identification AU000XINEAK5
code
------------------------------- --------------------------------------
(c) Nature of Grant of Share Options
the transaction
------------------------------- --------------------------------------
(d) Price(s) Prices(s) Volume(s)
and volume(s) 71 pence 400,000
------------------------------- --------------------------------------
(e) Aggregated
information:
- Aggregated N/A
volume
- Price
------------------------------- --------------------------------------
(f) Date of transaction 1 July 2020
------------------------------- --------------------------------------
(g) Place of Outside a Trading Venue
transaction
------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Full name Marshall Badza
of person
Dealing
------------------------------- --------------------------------------
2. Reason for notification
-----------------------------------------------------------------------
(a) Position/status Mine Manager
------------------------------- --------------------------------------
(b) Initial notification/ Initial notification
Amendment
------------------------------- --------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
(a) Name of entity Scotgold Resources Limited
------------------------------- --------------------------------------
(b) LEI 213800HL5A2K7LW2G360
------------------------------- --------------------------------------
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 Share Options
of the financial
instrument,
type of instrument
------------------------------- --------------------------------------
(b) Identification AU000XINEAK5
code
------------------------------- --------------------------------------
(c) Nature of Grant of Share Options
the transaction
------------------------------- --------------------------------------
(d) Price(s) Prices(s) Volume(s)
and volume(s) 71 pence 300,000
------------------------------- --------------------------------------
(e) Aggregated
information:
- Aggregated N/A
volume
- Price
------------------------------- --------------------------------------
(f) Date of transaction 1 July 2020
------------------------------- --------------------------------------
(g) Place of Outside a Trading Venue
transaction
------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Full name Nigel Smalley
of person
Dealing
------------------------------- --------------------------------------
2. Reason for notification
-----------------------------------------------------------------------
(a) Position/status Plant Manager
------------------------------- --------------------------------------
(b) Initial notification/ Initial notification
Amendment
------------------------------- --------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
(a) Name of entity Scotgold Resources Limited
------------------------------- --------------------------------------
(b) LEI 213800HL5A2K7LW2G360
------------------------------- --------------------------------------
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 Share Options
of the financial
instrument,
type of instrument
------------------------------- --------------------------------------
(b) Identification AU000XINEAK5
code
------------------------------- --------------------------------------
(c) Nature of Grant of Share Options
the transaction
------------------------------- --------------------------------------
(d) Price(s) Prices(s) Volume(s)
and volume(s) 71 pence 225,000
------------------------------- --------------------------------------
(e) Aggregated
information:
- Aggregated N/A
volume
- Price
------------------------------- --------------------------------------
(f) Date of transaction 1 July 2020
------------------------------- --------------------------------------
(g) Place of Outside a Trading Venue
transaction
------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Full name Jeff Hogg
of person
Dealing
------------------------------- --------------------------------------
2. Reason for notification
-----------------------------------------------------------------------
(a) Position/status Financial Controller
------------------------------- --------------------------------------
(b) Initial notification/ Initial notification
Amendment
------------------------------- --------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
(a) Name of entity Scotgold Resources Limited
------------------------------- --------------------------------------
(b) LEI 213800HL5A2K7LW2G360
------------------------------- --------------------------------------
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 Share Options
of the financial
instrument,
type of instrument
------------------------------- --------------------------------------
(b) Identification AU000XINEAK5
code
------------------------------- --------------------------------------
(c) Nature of Grant of Share Options
the transaction
------------------------------- --------------------------------------
(d) Price(s) Prices(s) Volume(s)
and volume(s) 71 pence 225,000
------------------------------- --------------------------------------
(e) Aggregated
information:
- Aggregated N/A
volume
- Price
------------------------------- --------------------------------------
(f) Date of transaction 1 July 2020
------------------------------- --------------------------------------
(g) Place of Outside a Trading Venue
transaction
------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Full name Nigel Smalley
of person
Dealing
------------------------------ ---------------------------------------
2. Reason for notification
-----------------------------------------------------------------------
(a) Position/status
------------------------------ ---------------------------------------
(b) Initial notification/ Initial notification
Amendment
------------------------------ ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
(a) Name of entity Scotgold Resources Limited
------------------------------ ---------------------------------------
(b) LEI 213800HL5A2K7LW2G360
------------------------------ ---------------------------------------
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 Share Options
of the financial
instrument,
type of instrument
------------------------------ ---------------------------------------
(b) Identification AU000XINEAK5
code
------------------------------ ---------------------------------------
(c) Nature of Cancellation of Share Options
the transaction
------------------------------ ---------------------------------------
(d) Price(s) Prices(s) Volume(s)
and volume(s) 34 pence 120,000
------------------------------ ---------------------------------------
(e) Aggregated
information:
- Aggregated N/A
volume
- Price
------------------------------ ---------------------------------------
(f) Date of transaction 1 July 2020
------------------------------ ---------------------------------------
(g) Place of Outside a Trading Venue
transaction
------------------------------ ---------------------------------------
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
For further information please contact:
Scotgold Resources Tel: +44 (0)1838 400 Limited 306 Richard Gray SP Angel Corporate Tel +44 (0) 20 3470 Finance LLP 0470 Nomad and Broker Ewan Leggat / Charlie Bouverat
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.
END
MSCEASXFEFDEEFA
(END) Dow Jones Newswires
July 01, 2020 11:17 ET (15:17 GMT)
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