Grant of Options
Updated : 15:21
AfriTin Mining Limited
("AfriTin", "ATM" or the "Company"
and with its subsidiaries the "Group")
Grant of Options
AfriTin Mining Limited (AIM: ATM), a mining company with a portfolio of tin assets in Namibia and South Africa, announces the award of options over 21 930 000 ordinary shares in the capital of the Company to directors and certain key employees in the Group (the "New Options").
The options shall vest in three equal tranches at the 1st, 2nd and 3rd year anniversary of the grant (the date of grant being deemed to be today); and will have an exercise price of 3.75p, 4.5p and 5p for each tranche respectively. The options will all lapse after a period of 5 years.
The table below includes the allocation of share options to directors as well as Persons Discharging Managerial Responsibilities ("PDMRs"):
Details of New Options | Total Options held including the New Options * | ||||
Director/PDMR | No of New Options - Tranche 1 | No of New Options - Tranche 2 | No of New Options - Tranche 3 | No of New Options - Total | |
Glen Parsons (Chairman) | 500 000 | 500 000 | 500 000 | 1 500 000 | 4 500 000 |
Terence Goodlace (NED) | 500 000 | 500 000 | 500 000 | 1 500 000 | 4 000 000 |
Laurence Robb (NED) | 500 000 | 500 000 | 500 000 | 1 500 000 | 4 000 000 |
Anthony Viljoen (CEO) | 1 200 000 | 1 200 000 | 1 200 000 | 3 600 000 | 10 600 000 |
Roger Williams (NED) | 500 000 | 500 000 | 500 000 | 1 500 000 | 4 000 000 |
Robert Sewell (CFO - PDMR) | 800 000 | 800 000 | 800 000 | 2 400 000 | 5 873 684 |
Frans van Daalen (COO - PDMR) | 800 000 | 800 000 | 800 000 | 2 400 000 | 8 400 000 |
* refer to announcement dated 23 May 2018 for further details of the options granted in addition to the New Options.
The total number of options outstanding is 61 061 574 which represents 9.48% of the current issued share capital of 644 201 599 ordinary shares.
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.
- End -
For further information, please visit www.afritinmining.com or contact:
AfriTin Mining Limited | +27 (11) 268 6555 |
Anthony Viljoen, CEO | |
Nominated Adviser and Joint Broker | +44 (0) 207 220 1666 |
WH Ireland Limited Katy Mitchell James Sinclair-Ford | |
Corporate Advisor and Joint Broker | |
H&P Advisory Limited Andrew Chubb Jay Ashfield Nilesh Patel | +44 (0) 20 7907 8500 |
Joint Broker | +44 (0)20 7399 9400 |
NOVUM Securities Limited Jon Belliss | |
Tavistock Financial PR (United Kingdom) | +44 (0) 207 920 3150 |
Jos Simson Barney Hayward |
|
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 | Glen Parsons | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chairman | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | AfriTin Mining plc | ||||
b) | LEI | · 213800FKOXWBL6JBVH90
| ||||
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 | Ordinary share
GG00BD95V148 | ||||
b) | Nature of the transaction | Issue of options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
1,500,000 3.75p, 4.5p and 5p | ||||
e) | Date of the transaction | 18/10/2019 | ||||
f) | Place of the transaction | Off market |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Terence Goodlace | ||||
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 | AfriTin Mining plc | ||||
b) | LEI | · 213800FKOXWBL6JBVH90
| ||||
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 | Ordinary share
GG00BD95V148 | ||||
b) | Nature of the transaction | Issue of options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
1,500,000 3.75p, 4.5p and 5p | ||||
e) | Date of the transaction | 18/10/2019 | ||||
f) | Place of the transaction | Off market |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Laurence Robb | ||||
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 | AfriTin Mining plc | ||||
b) | LEI | · 213800FKOXWBL6JBVH90
| ||||
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 | Ordinary share
GG00BD95V148 | ||||
b) | Nature of the transaction | Issue of options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
1,500,000 3.75p, 4.5p and 5p | ||||
e) | Date of the transaction | 18/10/2019 | ||||
f) | Place of the transaction | Off market |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Anthony Viljoen | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | AfriTin Mining plc | ||||
b) | LEI | · 213800FKOXWBL6JBVH90
| ||||
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 | Ordinary share
GG00BD95V148 | ||||
b) | Nature of the transaction | Issue of options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
3,600,000 3.75p, 4.5p and 5p | ||||
e) | Date of the transaction | 18/10/2019 | ||||
f) | Place of the transaction | Off market |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Roger Williams | ||||
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 | AfriTin Mining plc | ||||
b) | LEI | · 213800FKOXWBL6JBVH90
| ||||
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 | Ordinary share
GG00BD95V148 | ||||
b) | Nature of the transaction | Issue of options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
1,500,000 3.75p, 4.5p and 5p | ||||
e) | Date of the transaction | 18/10/2019 | ||||
f) | Place of the transaction | Off market |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Robert Sewell | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | AfriTin Mining plc | ||||
b) | LEI | · 213800FKOXWBL6JBVH90
| ||||
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 | Ordinary share
GG00BD95V148 | ||||
b) | Nature of the transaction | Issue of options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
2,400,000 3.75p, 4.5p and 5p | ||||
e) | Date of the transaction | 18/10/2019 | ||||
f) | Place of the transaction | Off market |
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Frans van Daalen | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Operating Officer | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | AfriTin Mining plc | ||||
b) | LEI | · 213800FKOXWBL6JBVH90
| ||||
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 | Ordinary share
GG00BD95V148 | ||||
b) | Nature of the transaction | Issue of options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
2,400,000 3.75p, 4.5p and 5p | ||||
e) | Date of the transaction | 18/10/2019 | ||||
f) | Place of the transaction | Off market |
About AfriTin Mining Limited
Notes to Editors
AfriTin Mining is the first pure tin company listed in London and its vision is to create a portfolio of world-class, conflict-free, tin-producing assets. The Company's flagship asset is the Uis brownfield tin mine in Namibia, formerly the world's largest hard-rock tin mine.
AfriTin is managed by an experienced board of directors and management team with a current two-fold strategy: fast track Uis brownfield tin mine in Namibia to commercial production in Q2 2019 ramping up to 5,000 tonnes of concentrate, and consolidation of other quality African tin assets. The Company strives to capitalise on the solid supply/demand fundamentals of tin by developing a critical mass of tin resource inventory, achieving production in the near term and further scaling production by consolidating tin assets in Africa.
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.