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Katoro Gold PLC - Share Option Plan

RNS Number : 8485X
Katoro Gold PLC
02 September 2020
 

Katoro Gold plc (Incorporated in England and Wales)

(Registration Number: 9306219)

Share code on AIM: KAT

ISIN: GB00BSNBL022

("Katoro" or "the Company")

 

Dated: 2 September 2020

 

Katoro Gold PLC ('Katoro' or the 'Company')

Share Option Plan

 

Katoro Gold plc (AIM:   KAT), the AIM listed gold and nickel exploration and development company, announces the issue of options to the Board of Directors (the "Board") and Management of the Company.

 

The Board has resolved to grant options ("Options") over a total of 17,300,000 new ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares") to the Board and Management of the Company. The Options are exercisable at 2.6 pence per Ordinary Share, constituting a c. 10% premium to the Company's recent closing share price on 28 August 2020. The Options have an expiry date of the seventh anniversary from the date of grant of 28 August 2020, with 50% vesting on issue and the remaining 50% vesting in one year.

 

 

Name and Position

No. of Options

Louis Coetzee (Executive Chairman)

         3 300 000

Myles Campion (Non-executive Director)

         2 600 000

Tinus Maree (Non-executive Director)

         2 600 000

Paul Dudley (Non-executive Director)

         2 600 000

Louis Scheepers (Non-executive Director)

         3 100 000

Pieter Krugel (Financial Controller)

         3 100 000

Total

      17 300 000

 

Following these grants the total number of options in issue over Ordinary Shares is 17,300,000. The Options if fully exercised will constitute 5.34% of the Company's current issued share capital.

 

 

PDMR Notification Forms:

 

The notifications below are made in accordance with the requirements of the Market Abuse Regulation:

 

1.

Details of the person discharging managerial responsibilities/person closely  associated

a)

Name

Louis Lodewyk Coetzee

2.

Reason for the Notification

a)

Position/status

Executive Chairman

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Katoro Gold PLC

b)

LEI

213800Q9L29ZXI53T558

 

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

Ordinary share of £0.01 each

Identification code

GB00BSNBL022

b)

Nature of the Transaction

Grant of options

c)

Price(s) Volume(s)

Exercise price - 2.6 pence

3,300,000

d)

Aggregated information Aggregated volume price

N/A - single transaction

e)

Date of the transaction

28 August 2020

f)

Place of the transaction

Outside a trading venue

 

1.

Details of the person discharging managerial responsibilities/person closely  associated

a)

Name

Myles Campion

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

Katoro Gold PLC

b)

LEI

213800Q9L29ZXI53T558

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

Ordinary share of £0.01 each

Identification code

GB00BSNBL022

b)

Nature of the Transaction

Grant of options

c)

Price(s) Volume(s)

Exercise price - 2.6 pence

2,600,000

d)

Aggregated information Aggregated volume price

N/A - single transaction

e)

Date of the transaction

28 August 2020

f)

Place of the transaction

Outside a trading venue

 

1.

Details of the person discharging managerial responsibilities/person closely  associated

a)

Name

Tinus Maree

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

Katoro Gold PLC

b)

LEI

213800Q9L29ZXI53T558

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

Ordinary share of £0.01 each

Identification code

GB00BSNBL022

b)

Nature of the Transaction

Grant of options

c)

Price(s) Volume(s)

Exercise price - 2.6 pence

2,600,000

d)

Aggregated information Aggregated volume price

N/A - single transaction

e)

Date of the transaction

28 August 2020

f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/person closely  associated

a)

Name

Paul Dudley

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

Katoro Gold PLC

b)

LEI

213800Q9L29ZXI53T558

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

Ordinary share of £0.01 each

Identification code

GB00BSNBL022

b)

Nature of the Transaction

Grant of options

c)

Price(s) Volume(s)

Exercise price - 2.6 pence

2,600,000

d)

Aggregated information Aggregated volume price

N/A - single transaction

e)

Date of the transaction

28 August 2020

f)

Place of the transaction

Outside a trading venue

 

1.

Details of the person discharging managerial responsibilities/person closely  associated

a)

Name

Louis Scheepers

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

Katoro Gold PLC

b)

LEI

213800Q9L29ZXI53T558

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

Ordinary share of £0.01 each

Identification code

GB00BSNBL022

b)

Nature of the Transaction

Grant of options

c)

Price(s) Volume(s)

Exercise price - 2.6 pence

3,100,000

d)

Aggregated information Aggregated volume price

N/A - single transaction

e)

Date of the transaction

28 August 2020

f)

Place of the transaction

Outside a trading venue

 

1.

Details of the person discharging managerial responsibilities/person closely  associated

a)

Name

Pieter Krugel

2.

Reason for the Notification

a)

Position/status

Financial Controller

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Katoro Gold PLC

b)

LEI

213800Q9L29ZXI53T558



 

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

Ordinary share of £0.01 each

Identification code

GB00BSNBL022

b)

Nature of the Transaction

Grant of options

c)

Price(s) Volume(s)

Exercise price - 2.6 pence

3,100,000

d)

Aggregated information Aggregated volume price

N/A - single transaction

e)

Date of the transaction

28 August 2020

f)

Place of the transaction

Outside a trading venue

 

 

 

**ENDS**

 

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014.

 

For further information please visit www.katorogold.com or contact:

 

Louis Coetzee 

[email protected]

Katoro Gold plc

Executive Chairman

Bhavesh Patel

Andrew Thomson

+44 20 3440 6800

 RFC Ambrian Limited

Nominated Advisor

Nick Emmerson

Sam Lomanto 

+44 (0) 1483 413 500

 

SI Capital Ltd

 

Broker

 

Isabel de Salis

Beth Melluish

+44 (0) 20 7236 1177

St Brides Partners Ltd

Investor and Media Relations Adviser

 


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Price: 2.5

Market: AIM
Market Cap: £8.11 m
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