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
  6.50 8.55% 82.50 80.00 85.00 82.50 76.00 76.00 89,612 12:53:52
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -2.0 -4.1 - 46

Scotgold Resources Ltd Grant of Options

11/05/2021 3:51pm

UK Regulatory (RNS & others)

Scotgold Resources (LSE:SGZ)
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RNS Number : 2767Y

Scotgold Resources Ltd

11 May 2021

11 May 2021

Scotgold Resources Limited

("Scotgold" or the "Company")

Grant of Options

Scotgold Resources Limited (AIM: SGZ) ("Scotgold" or the "Company") announces that further to its announcement of 26 February 2021 and in line with Mr Phillip Day's terms of employment the Company has granted an unlisted option over 840,000 depositary interests of no par value each in the Company ("Ordinary Shares") with an exercise price of 60p per Ordinary Share and an expiry date of 10 May 2026 (the "Options"). The Options shall vest on 10 May 2024 subject to Mr Day being an employee in good standing of the Company or any controlled entity of the Company at that date.

The Options have been granted under the Enterprise Management Incentive scheme (EMI Scheme) of the Company, and where restrictions apply, the similar "Unapproved Scheme" of the Company. Mr Day constitutes a PDMR for the purpose of the EU Market Abuse Regulation.


 1.     Details of the person 
         discharging managerial 
         closely associated 
  (a)   Full name of person              Phillip Day 
       -------------------------------  ------------------------------ 
 2.     Reason for notification 
       -------------------------------  ------------------------------ 
  (a)   Position/status                  Chief Executive Officer 
       -------------------------------  ------------------------------ 
  (b)   Initial notification/            Initial notification 
       -------------------------------  ------------------------------ 
 3.     Details of the issuer, 
         emission allowance 
         market participant, 
         auction platform, 
         auctioneer or auction 
       -------------------------------  ------------------------------ 
  (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 of the               Ordinary Shares 
         financial instrument, 
         type of instrument 
       -------------------------------  ------------------------------ 
  (b)   Identification code              AU000XINEAK5 
       -------------------------------  ------------------------------ 
  (c)   Nature of the transaction        Grant of Options 
       -------------------------------  ------------------------------ 
  (d)   Price(s) and volume(s)            Prices(s)    Volume(s) 
                                           60 pence      840,000 
       -------------------------------  ------------------------------ 
  (e)   Aggregated information:          Single transaction as in 4(d) 
         - Aggregated volume              above 
         - Price 
       -------------------------------  ------------------------------ 
  (f)   Date of transaction                   10 May 2021 
       -------------------------------  ------------------------------ 
  (g)   Place of transaction             Outside a Trading Venue 
       -------------------------------  ------------------------------ 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For further information please contact:

 Scotgold Resources         SP Angel Corporate Finance  St Brides Partners 
  Limited                    LLP                         Financial PR 
  Chief Executive Officer    Nomad and Broker            Susie Geliher / Frank 
  Philip Day                 Ewan Leggat / Charlie       Buhagiar 
                            Tel +44 (0) 20 3470 0470    Tel +44 (0) 20 7236 

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May 11, 2021 10:51 ET (14:51 GMT)

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