5 April 2024
Bluejay Mining plc / Ticker:
JAY / Market: AIM / Sector: Mining
Issue of
Options
Bluejay Mining plc ('Bluejay' or the 'Company'), the AIM, FSE listed and
Pink-Market traded exploration and development company with
projects in Greenland and Finland, is pleased to announce that the
Remuneration Committee has agreed to issue options over a total of
123,000,000 ordinary shares of 0.01 pence in the capital of the
Company ('Share Options') to Directors and employees of the
Company. The Share Options will vest
immediately and will expire on 4 April 2029. The exercise price of
the options will be as follows:
|
Exercise price (£)
|
0.01
|
0.02
|
0.04
|
|
Number of options granted
|
41,000,000
|
41,000,000
|
41,000,000
|
The Share Options represent in
aggregate 8.17% of the existing issued ordinary share capital of
the Company and have been issued to a number of directors and
employees of the Company, in line with the Group's ongoing
incentive plans. Following the grant of the Share Options, in
aggregate there will be 136,900,000 ordinary shares of 0.01 pence
of the Company under option to directors and employees of the
Company, representing 9.09% of the existing issued ordinary share
capital of the Company.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in
this announcement would have been deemed inside information for the
purposes of Article 7 of Regulation (EU) No 596/2014, as
incorporated into UK law by the European Union (Withdrawal) Act
2018, until the release of this announcement.
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:
|
Eric Sondergaard
|
2.
|
Reason for the notification
|
|
a)
|
Position/status:
|
Managing Director
|
|
b)
|
Initial
notification/Amendment:
|
Initial notification
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name:
|
Bluejay Mining Plc
|
|
b)
|
LEI:
|
213800E9AEFEHFLOVJ19
|
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
instrument, type of instrument:
Identification code:
|
Share options over ordinary shares
of £0.01 each
GB00BFD3VF20
|
|
b)
|
Nature of the
transaction:
|
Grant of options over ordinary
shares
|
|
c)
|
Price(s) and volume(s):
|
|
|
Price(s)
|
Volume(s)
|
|
1.
|
1 pence
|
12,000,000
|
|
2.
|
2 pence
|
12,000,000
|
|
3.
|
4 pence
|
12,000,000
|
|
|
d)
|
Aggregated information:
Aggregated volume:
Price:
Aggregated volume:
Price:
Aggregated volume:
Price:
|
Single transactions as in 4 c)
above
|
|
Price(s)
|
Volume(s)
|
|
|
1 pence
|
12,000,000
|
|
|
Price(s)
|
Volume(s)
|
|
|
2 pence
|
12,000,000
|
|
|
Price(s)
|
Volume(s)
|
|
|
4 pence
|
12,000,000
|
|
|
e)
|
Date of the transaction:
|
2024-04-04
19:00 hrs UTC
|
|
f)
|
Place of the transaction:
|
Outside a trading venue
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name:
|
Troy Whittaker
|
2.
|
Reason for the notification
|
|
a)
|
Position/status:
|
Non-Executive Director
|
|
b)
|
Initial
notification/Amendment:
|
Initial notification
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name:
|
Bluejay Mining Plc
|
|
b)
|
LEI:
|
213800E9AEFEHFLOVJ19
|
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
instrument, type of instrument:
Identification code:
|
Share options over ordinary shares
of £0.01 each
GB00BFD3VF20
|
|
b)
|
Nature of the
transaction:
|
Grant of options over ordinary
shares
|
|
c)
|
Price(s) and volume(s):
|
|
|
Price(s)
|
Volume(s)
|
|
1.
|
1 pence
|
5,500,000
|
|
2.
|
2 pence
|
5,500,000
|
|
3.
|
4 pence
|
5,500,000
|
|
|
d)
|
Aggregated information:
Aggregated volume:
Price:
Aggregated volume:
Price:
Aggregated volume:
Price:
|
Single transactions as in 4 c)
above
|
|
Price(s)
|
Volume(s)
|
|
|
1 pence
|
5,500,000
|
|
|
Price(s)
|
Volume(s)
|
|
|
2 pence
|
5,500,000
|
|
|
Price(s)
|
Volume(s)
|
|
|
4 pence
|
5,500,000
|
|
|
e)
|
Date of the transaction:
|
2024-04-04
19:00 hrs UTC
|
|
f)
|
Place of the transaction:
|
Outside a trading venue
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name:
|
Roderick McIllree
|
2.
|
Reason for the notification
|
|
a)
|
Position/status:
|
Non-Executive Director
|
|
b)
|
Initial
notification/Amendment:
|
Initial notification
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name:
|
Bluejay Mining Plc
|
|
b)
|
LEI:
|
213800E9AEFEHFLOVJ19
|
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
instrument, type of instrument:
Identification code:
|
Share options over ordinary shares
of £0.01 each
GB00BFD3VF20
|
|
b)
|
Nature of the
transaction:
|
Grant of options over ordinary
shares
|
|
c)
|
Price(s) and volume(s):
|
|
|
Price(s)
|
Volume(s)
|
|
1.
|
1 pence
|
8,500,000
|
|
2.
|
2 pence
|
8,500,000
|
|
3.
|
4 pence
|
8,500,000
|
|
|
d)
|
Aggregated information:
Aggregated volume:
Price:
Aggregated volume:
Price:
Aggregated volume:
Price:
|
Single transactions as in 4 c)
above
|
|
Price(s)
|
Volume(s)
|
|
|
1 pence
|
8,500,000
|
|
|
Price(s)
|
Volume(s)
|
|
|
2 pence
|
8,500,000
|
|
|
Price(s)
|
Volume(s)
|
|
|
4 pence
|
8,500,000
|
|
|
e)
|
Date of the transaction:
|
2024-04-04
19:00 hrs UTC
|
|
f)
|
Place of the transaction:
|
Outside a trading venue
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name:
|
Michael Hutchinson
|
2.
|
Reason for the notification
|
|
a)
|
Position/status:
|
Non-Executive Chairman
|
|
b)
|
Initial
notification/Amendment:
|
Initial notification
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name:
|
Bluejay Mining Plc
|
|
b)
|
LEI:
|
213800E9AEFEHFLOVJ19
|
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
instrument, type of instrument:
Identification code:
|
Share options over ordinary shares
of £0.01 each
GB00BFD3VF20
|
|
b)
|
Nature of the
transaction:
|
Grant of options over ordinary
shares
|
|
c)
|
Price(s) and volume(s):
|
|
|
Price(s)
|
Volume(s)
|
|
1.
|
1 pence
|
3,000,000
|
|
2.
|
2 pence
|
3,000,000
|
|
3.
|
4 pence
|
3,000,000
|
|
|
d)
|
Aggregated information:
Aggregated volume:
Price:
Aggregated volume:
Price:
Aggregated volume:
Price:
|
Single transactions as in 4 c)
above
|
|
Price(s)
|
Volume(s)
|
|
|
1 pence
|
3,000,000
|
|
|
Price(s)
|
Volume(s)
|
|
|
2 pence
|
3,000,000
|
|
|
Price(s)
|
Volume(s)
|
|
|
4 pence
|
3,000,000
|
|
|
e)
|
Date of the transaction:
|
2024-04-04
19:00 hrs UTC
|
|
f)
|
Place of the transaction:
|
Outside a trading venue
|
For further information please
visit http://www.bluejaymining.com or
contact:
|
Eric Sondergaard
|
Bluejay Mining plc
|
enquiry@bluejaymining.com
|
|
Ewan Leggat / Adam Cowl
|
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker)
|
+44 (0) 20 3470 0470
|
|
Tim Blythe / Megan Ray / Said
Izagaren
|
BlytheRay
(Media Contact)
|
+44 (0) 20 7138 3205
|
About Bluejay Mining plc
Bluejay is listed on the London AIM
market and Frankfurt Stock Exchange and its shares also trade on
the Pink Market in the US. With multiple projects in Greenland and
Finland, Bluejay offers both portfolio and commodity
diversification focused on base and precious metals in Tier 1
jurisdictions.
Bluejay, through its wholly owned
subsidiary Disko Exploration Ltd., has signed a definitive Joint
Venture Agreement with KoBold Metals to guide exploration for new
deposits rich in the critical materials required for the green
energy transition and electric vehicles (the Disko-Nuussuaq
nickel-copper-cobalt-PGE Project). This project is Bluejay's
primary focus.
Disko Exploration Ltd holds two
additional projects in Greenland - the 692 sq km Kangerluarsuk
zinc-lead- silver project, where historical work has recovered
grades of up to 45.4% zinc, 9.3% lead and 596 g/t silver; and the
920 sq km Thunderstone project which has the potential to host
large-scale base metal and gold deposits. Bluejay also owns 100% of
the fully permitted Dundas Ilmenite Project under its subsidiary
Dundas Titanium A/S in northwest Greenland.
In Finland, Bluejay currently holds
three large scale multi-metal projects through its wholly owned
subsidiary FinnAust Mining Finland Oy. The Company has identified
multiple drill ready targets at the Enonkoski nickel-copper-cobalt
project in East Finland. Bluejay's Hammaslahti
copper-zinc-gold-silver project hosts high-grade VMS mineralisation
and extensions of historical ore lodes have been proven. The drill
ready Outokumpu copper-nickel-cobalt-zinc-gold-silver project is
located in a prolific geological belt that hosts several high-grade
former mines. In August 2023, Bluejay successfully divested its
Black Schist Projects in Finland to Metals One plc in a transaction
worth £4.125 million (Bluejay currently owns c. 29% of the issued
ordinary share capital of AIM listed Metals One plc).