RMM.L

Rambler Metals & Mining Plc
Rambler Metals & Min - Grant and Vesting of Restricted Share Units
24th March 2023, 14:33
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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 Shares allotted

Total no. of Ordinary Shares to be held once issued

% of the issued share capital as enlarged by 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, the 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, type of instrument:

Identification code:

Allotment of Ordinary Shares of 1p each or 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:

Price:

 

 

                               50,000

 

Price(s)

Volume(s)

1)

5.38p

50,000

e)

Date of the transaction:

2023-03-24

f)

Place of the transaction:

Outside a trading venue

**ENDS**

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
IOESESFLLEDSEDD ]]>
TwitterFacebookLinkedIn