9 January 2023
Rockfire Resources plc
("ROCK", "Rockfire" or "the Company")
Issue of Fee Shares
Rockfire Resources plc (LON: ROCK), the gold and base metal exploration company, announces that 4,475,758 new ordinary shares in the Company (the "Fee Shares") have been issued to Patrick Elliott for his services as Non-Executive Director of the Company for the period 1 October 2022 to 31 December 2022, in lieu of director and committee fees.
The Fee Shares are being issued in accordance with the service agreement between Patrick Elliott and the Company, whereby he agreed to accept his annual remuneration as new ordinary shares in the Company. Under the terms of his service agreement, the shares become due at the end of each quarter and will be allotted by the Board on an ad-hoc basis. This issue of shares includes his director's remuneration for the period 1 October 2022 to 31 December 2022, plus his fees payable as a member of the Audit and Remuneration committees for this quarter. The issue price is 0.165 pence per share, calculated using the closing mid-market price per share on the final trading day of this quarter.
It is further noted that Patrick Elliott had not been issued the correct number of shares for the
March, June and September 2022 quarters. Therefore, Patrick Elliott has been issued with an additional 332,468 new ordinary shares in the Company ("Deferred Fee Shares").
Application has been made for the admission of the Fee Shares and the Deferred Fee Shares to trading on AIM ("Admission"). It is anticipated that Admission will become effective on or around 8.00 a.m. on 13 January 2022.
On Admission, Patrick Elliott will have an interest in 47,350,991 Shares, representing approximately 3.28 per cent. of the issued share capital of the Company, as enlarged by the Fee Shares and the Deferred Fee Shares. The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation, is appended below.
Total Voting Rights
Following Admission, the total number of ordinary shares and voting rights in the Company will be 1,444,547,293. The Company does not hold any shares in treasury. From Admission, the above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.
For further information on the Company, please visit www.rockfireresources.com or contact the following:
Rockfire Resources plc:
David Price, Chief Executive Officer
Allenby Capital Limited (Nominated Adviser & Broker)
Tel: +44 (0) 20 3328 5656
John Depasquale / George Payne (Corporate Finance)
Matt Butlin / Kelly Gardner (Sales and Corporate Broking)
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Rockfire Resources plc
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
Description of the financial instrument, type of instrument
Ordinary Shares of 0.1p each
Identification code (ISIN) for Rockfire Resources plc ordinary shares:
Nature of the transaction
Issue of ordinary shares in consideration of payment of director fees
Price(s) and volume(s)
- Aggregated volume
Date of the transaction
9 January 2023
Place of the transaction
Outside a trading venue