TIDMCHF

RNS Number : 0684E

Chesterfield Resources PLC

02 July 2021

Chesterfield Resources / EPIC: CHF / Market: LSE / Sector: Mining

2 July 2021

Incentive Options

Chesterfield Resources plc has agreed to issue certain directors, employees and consultants with options over a total of 2,400,000 Ordinary Shares of 0.1p each in the capital of the Company. These options will vest immediately and will expire five years from the date of issue with an exercise price of 12p.

The options to be granted to director and PDMR's are set out below:

 
       Option holder          Position                        Quantity 
       Neil O'Brien           PDMR                            1,000,000 
                       ------------------------------  ---------------- 
       Ajay Kejriwal          Executive Director              500,000 
                       ------------------------------  ---------------- 
       Dave Cliff             Non-Executive Director          250,000 
                       ------------------------------  ---------------- 
       Paul Ensor             Non-Executive Director          250,000 
                       ------------------------------  ---------------- 
 

Said Executive Chairman Martin French "Incentive options are important in retaining key staff and focusing their attention on increasing shareholder value in all their decision-making. Unlike cash bonuses, options entail putting additional money into the business rather than taking it out. The company especially recognises the key role of Dr Neil O'Brien in identifying and helping secure the Adeline acquisition in Labrador."

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 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:                                      Ajay Kejriwal 
     -----------------------------------------  ------------------------------------- 
 2.   Reason for the notification 
     -------------------------------------------------------------------------------- 
 a)   Position/status:                           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:                                      C hesterfield Resources 
                                                  Plc 
     -----------------------------------------  ------------------------------------- 
 b)   LEI:                                       213800EF8I2TT767IU35 
     -----------------------------------------  ------------------------------------- 
 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,   Ordinary shares of 0.1 
       type of instrument:                        pence 
       Identification code:                       GB00BF2F1X78 
     -----------------------------------------  ------------------------------------- 
 b)   Nature of the transaction:                 Grant of options over 
                                                  ordinary shares 
     -----------------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s):                      Price(s)    Volume(s) 
                                                    12 pence    500,000 
                                                               ---------- 
     -----------------------------------------  ------------------------------------- 
 d)   Aggregated information:                    Single transaction as 
       Aggregated volume:                         in 4 c) above Price(s)    Volume(s) 
       Price:                                      12 pence    500,000 
                                                              ---------- 
     -----------------------------------------  ------------------------------------- 
 e)   Date of the transaction:                   2021-07-02 
     -----------------------------------------  ------------------------------------- 
 f)   Place of the transaction:                  Off-market 
     -----------------------------------------  ------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                      Dave Cliff 
     -----------------------------------------  ------------------------------------- 
 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:                                      C hesterfield Resources 
                                                  Plc 
     -----------------------------------------  ------------------------------------- 
 b)   LEI:                                       213800EF8I2TT767IU35 
     -----------------------------------------  ------------------------------------- 
 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,   Ordinary shares of 0.1 
       type of instrument:                        pence 
       Identification code:                       GB00BF2F1X78 
     -----------------------------------------  ------------------------------------- 
 b)   Nature of the transaction:                 Grant of options over 
                                                  ordinary shares 
     -----------------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s):                      Price(s)    Volume(s) 
                                                    12 pence    250,000 
                                                               ---------- 
     -----------------------------------------  ------------------------------------- 
 d)   Aggregated information:                    Single transaction as 
       Aggregated volume:                         in 4 c) above Price(s)    Volume(s) 
       Price:                                      12 pence    250,000 
                                                              ---------- 
     -----------------------------------------  ------------------------------------- 
 e)   Date of the transaction:                   2021-07-02 
     -----------------------------------------  ------------------------------------- 
 f)   Place of the transaction:                  Off-market 
     -----------------------------------------  ------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                      Paul Ensor 
     -----------------------------------------  ------------------------------------- 
 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:                                      C hesterfield Resources 
                                                  Plc 
     -----------------------------------------  ------------------------------------- 
 b)   LEI:                                       213800EF8I2TT767IU35 
     -----------------------------------------  ------------------------------------- 
 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,   Ordinary shares of 0.1 
       type of instrument:                        pence 
       Identification code:                       GB00BF2F1X78 
     -----------------------------------------  ------------------------------------- 
 b)   Nature of the transaction:                 Grant of options over 
                                                  ordinary shares 
     -----------------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s):                      Price(s)    Volume(s) 
                                                    12 pence    250,000 
                                                               ---------- 
     -----------------------------------------  ------------------------------------- 
 d)   Aggregated information:                    Single transaction as 
       Aggregated volume:                         in 4 c) above Price(s)    Volume(s) 
       Price:                                      12 pence    250,000 
                                                              ---------- 
     -----------------------------------------  ------------------------------------- 
 e)   Date of the transaction:                   2021-07-02 
     -----------------------------------------  ------------------------------------- 
 f)   Place of the transaction:                  Off-market 
     -----------------------------------------  ------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                      Neil O'Brien 
     -----------------------------------------  ------------------------------------- 
 2.   Reason for the notification 
     -------------------------------------------------------------------------------- 
 a)   Position/status:                           PDMR 
     -----------------------------------------  ------------------------------------- 
 b)   Initial notification/Amendment:            Initial notification 
     -----------------------------------------  ------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------------- 
 a)   Name:                                      C hesterfield Resources 
                                                  Plc 
     -----------------------------------------  ------------------------------------- 
 b)   LEI:                                       213800EF8I2TT767IU35 
     -----------------------------------------  ------------------------------------- 
 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,   Ordinary shares of 0.1 
       type of instrument:                        pence 
       Identification code:                       GB00BF2F1X78 
     -----------------------------------------  ------------------------------------- 
 b)   Nature of the transaction:                 Grant of options over 
                                                  ordinary shares 
     -----------------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s):                      Price(s)    Volume(s) 
                                                    12 pence    1,000,000 
                                                               ---------- 
     -----------------------------------------  ------------------------------------- 
 d)   Aggregated information:                    Single transaction as 
       Aggregated volume:                         in 4 c) above Price(s)    Volume(s) 
       Price:                                      12 pence    1,000,000 
                                                              ---------- 
     -----------------------------------------  ------------------------------------- 
 e)   Date of the transaction:                   2021-07-02 
     -----------------------------------------  ------------------------------------- 
 f)   Place of the transaction:                  Off-market 
     -----------------------------------------  ------------------------------------- 
 

**ENDS**

For further information, please visit www.chesterfieldresourcesplc.com or contact:

 
 Chesterfield Resources plc: 
  Martin French, Executive Chairman       Tel: +44(0) 7901 552277 
 Panmure Gordon (UK) Limited (Joint     Tel: +44 (0)207 886 2500 
  Broker): 
  John Prior & Hugh Rich 
 Fox-Davies Capital Limited (Broker): 
  Daniel Fox-Davies                       Tel: +44 ( 0)20 3884 8450 
 

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END

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July 02, 2021 11:27 ET (15:27 GMT)

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