TIDMRMM
RNS Number : 9905Q
Rambler Metals & Mining PLC
02 November 2021
Rambler Metals and Mining PLC / AIM: RMM / Sector: Natural
Resources
2 November 2021
Rambler Metals and Mining PLC
('Rambler' or the 'Company')
Grant of Options
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 a grant of options to
certain Directors of the Company, persons discharging managerial
responsibility ("PDMRs") and other employees over an aggregate of
1,800,000 ordinary shares of 1 pence each in the Company
("Options"). All the Options have been granted upon the
recommendation of the Company's Remuneration Committee on the basis
of employee retention and attraction, alignment of employees'
financial interests with those of shareholders, and alignment of
the Company's compensation package with its industry peers.
Details of the Options being issued to Directors and PDMRs are
set out below:
Individual Role Options being Total options
granted held following
grant of Options
Chief Executive
Toby Bradbury Officer 400,000 3,284,615
----------------------- -------------- ------------------
Chief Financial
Eason Chen Officer 250,000 250,000
----------------------- -------------- ------------------
Peter Mercer VP & General Manager 200,000 230,000
----------------------- -------------- ------------------
VP & Corporate
Tim Sanford Secretary 200,000 217,500
----------------------- -------------- ------------------
Raphael Mwangobola VP & Project Director 200,000 200,000
----------------------- -------------- ------------------
The options are priced at 29.875 pence, being the mid-market
price of ordinary shares of the Company at close of business on 1
November 2021, and the vesting schedule is 1/3 immediately, 1/3 on
the first anniversary of grant, and 1/3 on the second anniversary.
Vesting is predicated on current employment status. The options
will expire no later than 10 years following the date of grant.
Following this grant of Options, the total number of ordinary
shares under option is 4,796,145, representing 3.6 per cent. of the
Company's total issued share capital.
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.
ABOUT RAMBLER METALS AND MINING
Rambler is a mining and development company that in November
2012 brought its first mine into commercial production. Rambler has
a 100 per cent ownership in the Ming Copper-Gold Mine, a fully
operational base and precious metals processing facility and
year-round bulk storage and shipping facility; all located on the
Baie Verte peninsula, Newfoundland and Labrador, Canada.
Rambler's focus is to regain its production profile at 1,350
metric tonnes per day at 2% Cu in the course of 2021 and evaluate
expansion opportunities from that base.
Along with the Ming Mine, Rambler also owns 100 per cent of the
former producing Little Deer/Whales Back copper mines.
Rambler is listed in London under AIM:RMM.
For further information, please contact:
Dr. Toby Bradbury Eason Chen, CPA, CA T im Sanford. P. Eng.
President and CEO CFO Vice President and
Rambler Metals & Mining Rambler Metals & Mining Corporate Secretary
Plc Plc Rambler Metals & Mining
Tel No: +1 (709) 800 Tel No: +1 (709) 800 Plc
1929 1929 Tel No: +1 (709) 532
Fax No: +1 (709) 800 Fax No: +1 (709) 800 5736
1921 1921 Fax No: +1 (709) 800
1921
Nominated Advisor (NOMAD)
Ewan Leggat, Caroline
Rowe
SP Angel Corporate
Finance LLP
Tel No: +44 (0) 20
3470 0470
Website: www.ramblermines.com
Dealings by Persons Discharging Managerial Responsibilities
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: 1) Toby Bradbury
2) Eason Cong Chen
3) Tim Sanford
4) Peter Mercer
5) Raphael Mwangobola
----------------------------------------- -------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------------
a) Position/status: 1) CEO and Director
2) CFO and Director
3) VP & Corporate Secretary
4) VP & General Manager
5) VP & Project Director
----------------------------------------- -------------------------------------
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, Ordinary Shares of 1p
type of instrument: each or rights to these
Identification code: GB00BLFJ1613
----------------------------------------- -------------------------------------
b) Nature of the transaction: Grant of options
----------------------------------------- -------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
29.875
1) p 400,000
29.875
2) p 250,000
29.875
3) p 200,000
29.875
4) p 200,000
29.875
5) p 200,000
--------- ----------
----------------------------------------- -------------------------------------
d) Aggregated information: 1,800,000 Price(s) Volume(s)
Price: 1) - 29.875
5) p 1,250,000
--------- ----------
----------------------------------------- -------------------------------------
e) Date of the transaction: 2 November 2021
----------------------------------------- -------------------------------------
f) Place of the transaction: Outside a trading venue
----------------------------------------- -------------------------------------
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(END) Dow Jones Newswires
November 02, 2021 03:00 ET (07:00 GMT)
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