Rambler Metals and Mining PLC / AIM: RMM / Sector: Natural Resources
24 March 2023
Rambler Metals and Mining PLC ('Rambler' or the 'Company')
Grant and Vesting of Restricted Share Units
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 the issuance of 100,000 restricted share units ("RSU") to persons discharging managerial responsibilities ("PDMR"). The RSU entitles the holder to new Ordinary Shares of the Company ("Ordinary Shares") upon the vesting conditions for the RSU being satisfied. The RSUs vest: one half immediately; and one half on the first anniversary of award. The RSUs are granted as part of the engagement terms for Celeste van Tonder as CFO. The RSUs are a contractual obligation and are intended to align executive interests with those of shareholders. Although 50,000 RSUs have vested today, given the current share trading suspension of the Company's Ordinary Shares, the 50,000 new Ordinary Shares to be issued pursuant to the vesting RSUs will only be allotted at this stage and such shares will not be issued at present.
| Total number of RSUs due to Celeste van Tonder | 100,000 |
| Total number of RSUs vested | (50,000) |
| Outstanding RSUs due to Celeste van Tonder | 50,000 |
50,000 RSUs have vested as follows:
| PDMR | No. of Ordinary Shares allotted | Total no. of Ordinary Shares to be held once issued | % of the issued share capital as enlarged by the issue of new Ordinary Shares |
| Celeste Van Tonder | 50,000 | 50,000 | 0.03% |
Following this vesting, the aggregate number of RSUs remaining in issue is 1,093,672 subject to vesting criteria. These RSUs in issue represent in aggregate 0.67% of the issued ordinary share capital of the Company.
Admission to trading on AIM and Total Voting Rights
Application will be made for 50,000 new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares of the Company, to be admitted to trading on AIM ("Admission") but such Ordinary Shares will not be issued or admitted to trading unless or until trading in the Ordinary Shares is restored on AIM. A further announcement will be made as appropriate.
For the avoidance of doubt, the total issued share capital of the Company consists of 162,041,123 ordinary shares of 1 pence each. The Company does not hold any ordinary shares in Treasury. Therefore, the total current voting rights in the Company is 162,041,123 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
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.
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: | 1) Celeste Van Tonder
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2. | Reason for the notification | |||||||
| a) | Position/status: | 1) CFO
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| 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, type of instrument: Identification code: | Allotment of Ordinary Shares of 1p each or rights to these GB00BLFJ1613 | ||||||
| b) | Nature of the transaction: | Issue in lieu of cash remuneration | ||||||
| c) | Price(s) and volume(s): |
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| d) | Aggregated information: Price:
| 50,000
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| e) | Date of the transaction: | 2023-03-24 | ||||||
| f) | Place of the transaction: | Outside a trading venue | ||||||
**ENDS**
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