Zinnwald Lithium PLC Issuance of RSUs and Options (9976T)
23 Marzo 2023 - 2:11AM
UK Regulatory
TIDMZNWD
RNS Number : 9976T
Zinnwald Lithium PLC
23 March 2023
23 March 2023
Zinnwald Lithium plc
("Zinnwald Lithium" or the "Company")
Issuance of RSUs and Options
Zinnwald Lithium plc (AIM: ZNWD), the German focussed lithium
development company, announces the grant of a total of 3,406,780
Restricted Share Units ("RSUs") and 2,450,000 Options under the
Company's Long-Term Incentive Plans relating to performance in 2022
as detailed in the 2022 Annual Accounts published on 22 March
2023.
The RSUs being granted to Executive Management under the terms
of the RSU Scheme, approved by shareholders in October 2020, relate
to the second performance period that ran from 1 January 2022 to 31
December 2022. The RSUs will vest two years from the date of grant,
being 23 March 2025, and the related shares (or cash alternative at
the Company's discretion) will be issued on that date. The RSUs are
being granted to Executive Management on the following basis:
Name Role No of RSUs Grant Date Vesting Date
Anton du CEO 2,135,593 23 March 2023 23 March 2025
Plessis
Cherif Rifaat CFO 1,271,186 23 March 2023 23 March 2025
Total 3,406,780
----------------------- ----------- -------------- --------------
The 2,450,000 Options have been granted to employees,
consultants and Directors under the terms of the Scheme put in
place at the time of the Company's original IPO in 2017. These
Options to acquire ordinary shares in the capital of the Company
have been granted at a price of 10.41p being the price of the
Fundraise that was announced on 22 March 2023. Such options vest as
to 1/3 on the date of grant and an additional 1/3 on each of the
first and second anniversaries of the date of grant and are
exercisable for a period of five years. The Options are being
granted on the following basis:
Name Role No of Options Issue Grant Date Expiry Date
Price
Jeremy Martin Non-Executive 350,000 GBP0.1041 23 March 23 March
Chairman 2023 2028
Graham Brown Non-Executive 250,000 GBP0.1041 23 March 23 March
Director 2023 2028
Peter Secker Non-Executive 250,000 GBP0.1041 23 March 23 March
Director 2023 2028
Employees and Consultants 1,600,000 GBP0.1041 23 March 23 March
2023 2028
Total 2,450,000
-------------------------------- -------------- ---------- ----------- ------------
On issuance of these awards, the total number of RSUs in issue
will be 5,316,310 and the total number of Options will be
6,650,000.
For further information contact:
Anton du Plessis Zinnwald Lithium plc info@zinnwaldlithium.com
John Depasquale Allenby Capital Limited
Dan Dearden-Williams (Nominated Adviser) +44 (0) 20 3328 5656
------------------------------- ----------------------------
Mike Seabrook Oberon Capital +44 (0) 20 3179 5344
Adam Pollock (Joint Broker) +44 (0) 20 3179 5315
------------------------------- ----------------------------
Richard Greenfield Tamesis Partner LLP
Charles Bendon (Co-Broker to the Placing) +44 (0) 20 3882 2868
------------------------------- ----------------------------
Isabel de Salis St Brides Partners (Financial info@stbridespartners.co.uk
Paul Dulieu PR)
------------------------------- ----------------------------
Notes
Zinnwald Lithium plc (EPIC: ZNWD.L) is an AIM quoted, German
focused lithium development company focussed on becoming an
important supplier to Europe's fast-growing battery sector. The
Company owns the Zinnwald Lithium Project in Germany, an advanced
development project with attractive economics and approved mining
licence. Its PEA, published in September 2022 highlighted the
positive economics of the Project with a Pre-tax NPV8 of US$1,605m,
IRR of 39.0%, $192m EBITDA and a payback of just 3.3 years. The
Project is located in the heart of Europe's chemical and automotive
industries and has the potential to be one of Europe's more
advanced battery grade lithium projects.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Name Position
Anton du Plessis CEO
---------
Cherif Rifaat CFO
---------
-------------------------- -------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status See 1a)
-------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Zinnwald Lithium plc
-------------------------- -------------------------------------------
b) LEI 213800LXW3HPZ7ZSBE37
-------------------------- -------------------------------------------
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 RSUs in relation to ordinary
financial instrument, shares of GBP0.01 each in Zinnwald
type of instrument Lithium plc (or cash alternative
Identification code at the Company's discretion)
Identification code (ISIN) for
Zinnwald Lithium plc ordinary
shares: GB00BFN4GY99
-------------------------- -------------------------------------------
b) Nature of the transaction Grant of RSUs
-------------------------- -------------------------------------------
c) Price(s) and volume(s) Name Price(s) Volume(s)
Anton du Plessis n/a 2,135,593
Cherif Rifaat n/a 1,271,186
---------- ----------
-------------------------- -------------------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
-------------------------- -------------------------------------------
e) Date of the transaction 23 March 2023
-------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Name Position
Jeremy Martin Non-Executive Chairman
-----------------------
Graham Brown Non-Executive Director
-----------------------
Peter Secker Non-Executive Director
-----------------------
-------------------------- -------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------
a) Position/status See 1a)
-------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Zinnwald Lithium plc
-------------------------- -------------------------------------------
b) LEI 213800LXW3HPZ7ZSBE37
-------------------------- -------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Options over ordinary shares of GBP0.01
financial instrument, each in Zinnwald Lithium plc
type of instrument
Identification code Identification code (ISIN) for Zinnwald
Lithium plc ordinary shares: GB00BFN4GY99
-------------------------- -------------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
-------------------------- -------------------------------------------
c) Price(s) and volume(s) Name Price(s) Volume(s)
Jeremy Martin GBP0.1041 350,000
Graham Brown GBP0.1041 250,000
Peter Secker GBP0.1041 250,000
----------- ----------
-------------------------- -------------------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
-------------------------- -------------------------------------------
e) Date of the transaction 23 March 2023
-------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -------------------------------------------
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