Corcel PLC Issue of Shares under SIP and Director's Dealings (5471H)
06 April 2022 - 7:12PM
UK Regulatory
TIDMCRCL
RNS Number : 5471H
Corcel PLC
06 April 2022
Corcel PLC
("Corcel" or the "Company")
Issue of Shares under Share Incentive Plan and
Director's Dealings
6 April 2022
Corcel Plc, ("Corcel" or "the Company"), the natural resource
exploration and development company with interests in battery
metals and flexible grid solutions, announces that on 5 April 2022,
the Board of Directors approved the issuance of 896,549 ordinary
shares of GBP0.0001 each in the Company ("New Ordinary Shares")
under the Company's Share Incentive Plan ("SIP") for the 2021/22
tax year as agreed in the Trustees meeting held on 1 April
2022.
Director's Participation
In respect of the 2021/22 tax year, Mr. Kaintz has purchased and
been awarded 648,274 New Ordinary Shares under the SIP. These
shares issued to Mr. Kaintz have been included in the table below,
which sets out the total shareholding and interests of the Director
in the enlarged share capital of the Company.
Directors New Ordinary Ordinary Shares Total Shares % of Warrants Options
Shares Post Issuance Issued
Share
Capital
Direct Indirect
-------------- ------------- ---------- ----------- ------------- --------- ---------- ----------
Scott Kaintz 648,274 3,554,550 2,402,549* 5,957,099 1.35% 2,185,417 9,711,964
-------------- ------------- ---------- ----------- ------------- --------- ---------- ----------
* Mr. S. Kaintz is a beneficiary of 2,402,549 shares held on his
behalf by Corcel Plc Share Incentive Plan Trustees.
Admission to Trading on AIM and Total Voting Rights
Application is being made to AIM for 896,549 New Ordinary
Shares, allotted in relation to the SIP for 2021/22 tax year, to be
admitted to trading on AIM, the admission of which it is expected
on or around 12 April 2022.
In accordance with the provision of the Disclosure Guidance and
Transparency Rules of the Financial Conduct Authority, the Company
confirms that, following the issue of the Placing Shares its issued
ordinary share capital will comprise 440,878,295 ordinary
shares.
All of the ordinary shares have equal voting rights and none of
the ordinary shares are held in Treasury. The total number of
voting rights in the Company will therefore be 440,878,295. The
above figure may be used by shareholders as the denominator for the
calculations to determine if they are required to notify their
interests in, or change to their interest in, the Company.
For Further Information Contact:
Scott Kaintz 020 7747 9960 Corcel Plc CEO
James Joyce / Andrew de Andrade 0207 220 1666 WH Ireland Ltd NOMAD & Broker
Simon Woods 0207 3900 230 Vigo Consulting IR
This announcement contains inside information for the purposes
of Article 7 of Regulation 2014/596/EU, which is part of domestic
UK law pursuant to the Market Abuse (Amendment) (EU Exit)
regulations (SI 2019/310) and is disclosed in accordance with the
Company's obligations under Article 17.
1 Details of t he p erson disc harging managerial responsib ilities
/ p erson closely associated
a) Name Scott Kaintz
------------------------------ --------------------------------------------
2 Reason for notification
----------------------------------------------------------------------------
a) Position / status Executive Director, PDMR
------------------------------ --------------------------------------------
b) I nitial notification Initial Notification
/Amendment
------------------------------ --------------------------------------------
3 Details of t he issu er, e mission allow a n ce m a r k et participan
t, au ct ionplat for m, au ction eer or auc tion monitor
----------------------------------------------------------------------------
a) Name Corcel Plc
------------------------------ --------------------------------------------
b) LEI LEI: 2138009ECXQQ3EGKVY57
------------------------------ --------------------------------------------
4 Details of t he t ransact ion (s): section to be re p eated
for ( i) e a ch type ofinstr u m e n t; (ii) each type of transac
tion;
(iii) each date; and ( iv) each place w h ere transactions
have b een condu cted
----------------------------------------------------------------------------
a) Description of the Ordinary shares of GBP0.0001 each in Corcel
financial instrument, Plc
t ype of instrument
I d e ntification ISIN GB00BKM69866
code
------------------------------ --------------------------------------------
Nature of the transaction Issue of ordinary shares under Corcel Plc
Share Incentive Plan
------------------------------ --------------------------------------------
c) Price(s) and volumes(s) Name(s) Price(s) Volumes(s)
Scott Kaintz GBP0.0145 248,275
GBP0.0135 399,999
--------------------------- -----------
------------------------------ --------------------------------------------
d) Aggregated information
* Aggregated Volume
648,274 shares
GBP0.01388
* Aggregated Price
------------------------------ --------------------------------------------
e) Date of the transaction 5 April 2022
------------------------------ --------------------------------------------
f) Place of the transaction Outside of trading venue
------------------------------ --------------------------------------------
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