Rambler Metals & Mining PLC Grant and Vesting of Restricted Share Units (2041U)
24 Mars 2023 - 3:33PM
UK Regulatory
TIDMRMM
RNS Number : 2041U
Rambler Metals & Mining PLC
24 March 2023
Rambler Metals and Mining PLC / AIM: RMM / Sector: Natural
Resources
24 March 2023
Rambler Metals and Mining PLC ('Rambler' or the 'Company')
Grant and Vesting of Restricted Share Units
London, England, Newfoundland and Labrador, Canada - Rambler
Metals and Mining plc (AIM: RMM) ("Rambler" or the "Company"), a
copper and gold producer, explorer and developer, announces that
the Board of Directors has today authorised the issuance of 100,000
restricted share units ("RSU") to persons discharging managerial
responsibilities ("PDMR"). The RSU entitles the holder to new
Ordinary Shares of the Company ("Ordinary Shares") upon the vesting
conditions for the RSU being satisfied. The RSUs vest: one half
immediately; and one half on the first anniversary of award. The
RSUs are granted as part of the engagement terms for Celeste van
Tonder as CFO. The RSUs are a contractual obligation and are
intended to align executive interests with those of shareholders.
Although 50,000 RSUs have vested today, given the current share
trading suspension of the Company's Ordinary Shares, the 50,000 new
Ordinary Shares to be issued pursuant to the vesting RSUs will only
be allotted at this stage and such shares will not be issued at
present.
Total number of RSUs due to
Celeste van Tonder 100,000
Total number of RSUs vested (50,000)
--------------------
Outstanding RSUs due to Celeste
van Tonder 50,000
--------------------
50,000 RSUs have vested as follows:
PDMR No. of Ordinary Total no. of % of the issued
Shares allotted Ordinary Shares share capital
t o be held once as enlarged by
issued the issue of
new Ordinary
Shares
Celeste Van Tonder 50,000 50,000 0.03%
----------------- ------------------ ----------------
Following this vesting, the aggregate number of RSUs remaining
in issue is 1,093,672 subject to vesting criteria. These RSUs in
issue represent in aggregate 0.67% of the issued ordinary share
capital of the Company.
Admission to trading on AIM and Total Voting Rights
Application will be made for 50,000 new Ordinary Shares, which
will rank pari passu with the existing Ordinary Shares of the
Company, to be admitted to trading on AIM ("Admission") but such
Ordinary Shares will not be issued or admitted to trading unless or
until trading in the Ordinary Shares is restored on AIM. A further
announcement will be made as appropriate.
For the avoidance of doubt, the total issued share capital of
the Company consists of 162,041,123 ordinary shares of 1 pence
each. The Company does not hold any ordinary shares in Treasury.
Therefore, t he total current voting rights in the Company is
162,041,123 and this figure may be used by shareholders in the
Company as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change in their interest in, the share capital of the Company under
the FCA's Disclosure Guidance and Transparency Rules.
Market Abuse Regulation (MAR) Disclosure
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') which has
been incorporated into UK law by the European Union (Withdrawal)
Act 2018. Upon the publication of this announcement via Regulatory
Information Service ('RIS'), this inside information is now
considered to be in the public domain.
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: 1) Celeste Van Tonder
----------------------------------------- --------------------------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------------------------------------
a) Position/status: 1) CFO
----------------------------------------- --------------------------------------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- --------------------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------------------------------
a) Name: Rambler Metals and Mining
PLC
----------------------------------------- --------------------------------------------------------------
b) LEI: 213800IB64T72HG7SD88
----------------------------------------- --------------------------------------------------------------
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, A llotment of Ordinary
type of instrument: Shares of 1p each or
Identification code: rights to these
GB00BLFJ1613
----------------------------------------- --------------------------------------------------------------
b) Nature of the transaction: Issue in lieu of cash
remuneration
----------------------------------------- --------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
1) 5.38p 50,000
----------------------------------------- --------------------------------------------------------------
d) Aggregated information: 50,000 Price(s) Volume(s)
Price: 1) 5.38p 50,000
--------- ----------
----------------------------------------- --------------------------------------------------------------
e) Date of the transaction: 2023-03-24
----------------------------------------- --------------------------------------------------------------
f) Place of the transaction: Outside a trading venue
----------------------------------------- --------------------------------------------------------------
**ENDS**
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END
IOESESFLLEDSEDD
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March 24, 2023 10:33 ET (14:33 GMT)
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