TIDMROCK
RNS Number : 8053A
Rockfire Resources PLC
24 January 2024
24 January 2024
Rockfire Resources plc
("Rockfire" or the "Company")
Issue of Fee Shares
Director/PDMR Shareholding
Rockfire Resources plc (LON: ROCK), the base metal, gold, and
critical mineral exploration company, announces that 11,319,332 new
ordinary shares in the Company (the "Fee Shares") have been issued
to Patrick Elliott for his services as Non-Executive Director of
the Company for the period 1 January 2023 to 31 December 2023, in
lieu of director and committee fees.
The Fee Shares are being issued in accordance with the service
agreement between Patrick Elliott and the Company, whereby he
agreed to accept his annual remuneration as new ordinary shares in
the Company. Under the terms of his service agreement, the shares
become due at the end of each quarter and will be allotted by the
Board on an ad-hoc basis.
This issue of 3,549,773 shares includes his director's
remuneration for the period 1 January 2023 to 31 March 2023, plus
his fees payable as a member of the Audit and Remuneration
committees for that quarter. The issue price is GBP0.0022 per
share, calculated using the closing mid-market price per share on
the final trading day of that quarter.
This issue of 2,366,515 shares includes his director's
remuneration for the period 1 April 2023 to 30 June 2023, plus his
fees payable as a member of the Audit and Remuneration committees
for that quarter. The issue price is GBP0.0033 per share,
calculated using the closing mid-market price per share on the
final trading day of that quarter.
This issue of 2,327,465 shares includes his director's
remuneration for the period 1 July 2023 to 30 September 2023, plus
his fees payable as a member of the Audit and Remuneration
committees for that quarter. The issue price is GBP0.0037 per
share, calculated using the closing mid-market price per share on
the final trading day of that quarter.
This issue of 3,075,579 shares includes his director's
remuneration for the period 1 October 2023 to 31 December 2023,
plus his fees payable as a member of the Audit and Remuneration
committees for that quarter. The issue price is GBP0.0028 per
share, calculated using the closing mid-market price per share on
the final trading day of that quarter.
Application has been made for the admission of the 11,319,332
Fee Shares to trading on AIM ("Admission"). It is anticipated that
Admission will become effective on or around 8.00 a.m. on 30
January 2024.
On Admission, Patrick Elliott will have an interest in
58,670,323 shares, representing approximately 2.30 per cent. of the
issued share capital of the Company, as enlarged by the Fee Shares.
The FCA notification, made in accordance with the requirements of
the UK Market Abuse Regulation, is appended below.
Total Voting Rights
Following Admission, the total number of ordinary shares and
voting rights in the Company will be 2,555,866,625. The Company
does not hold any shares in treasury. From Admission, the above
figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
share capital of the Company pursuant to the FCA's Disclosure
Guidance and Transparency Rules.
For further information on the Company, please visit
www.rockfireresources.com or contact the following:
Rockfire Resources plc : info@rockfire.co.uk
David Price, Chief Executive Officer
Gordon Hart, Chairman
Allenby Capital Limited (Nominated Adviser Tel: +44 (0) 20
& Broker): 3328 5656
John Depasquale / George Payne (Corporate
Finance)
Matt Butlin / Kelly Gardiner (Sales
and Corporate Broking)
Notes to Editors
Rockfire Resources plc (LON: ROCK) is a gold, base metal and
critical mineral exploration company, with a high-grade
zinc/lead/silver/germanium deposit in Greece and a portfolio of
gold/copper/silver projects in Queensland Australia.
-- The Molaoi deposit in Greece has a JORC Inferred Resource of
2.3 million tonnes @ 11 % ZnEq. for 250,000 tonnes of ZnEq. This
resource uses a 4% low-grade cut, with individual elemental grades
of 9.4 % Zn, 1.7 % Pb and 47 g/t Ag. This equates to 210,000 tonnes
of zinc, 39,000 tonnes of lead and 3.5 million ounces of
silver.
-- The Plateau deposit in Queensland has a JORC resource of
131,000 ounces of gold and 800,000 ounces of silver, using a 0.5g/t
Au cut off. 53,000 of these ounces lie within the top 100m from
surface. Plateau is subject to a joint venture with ASX-listed
Sunshine Metals Ltd (ASX:SHN).
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 Patrick Elliott
------------------------- ------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Non-Executive Director
------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name Rockfire Resources plc
------------------------- ------------------------------------------
b) LEI 213800THSZQSFKTXOI24
------------------------- ------------------------------------------
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 Ordinary Shares of 0.1p each
the financial
instrument, type Identification code (ISIN) for Rockfire
of instrument Resources plc ordinary shares:
Identification GB00B42TN250
code
------------------------- ------------------------------------------
b) Nature of the Issue of ordinary shares in consideration
transaction of payment of director fees
------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.0022 3,549,773
----------
GBP0.0033 2,366,515
----------
GBP0.0037 2,327,465
----------
GBP0.0028 3,075,579
----------
------------------------- ------------------------------------------
d) Aggregated information
- Aggregated volume As above
- Price
------------------------- ------------------------------------------
e) Date of the transaction 24 January 2024
------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
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END
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(END) Dow Jones Newswires
January 24, 2024 07:52 ET (12:52 GMT)
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