RNS Number : 1240Y
Bens Creek Group PLC
29 December 2023
 

 

29 December 2023

 

Bens Creek Group plc

 

("Bens Creek", the "Group" or the "Company")

 

Exercise of share options by Director

 

Bens Creek Group plc (AIM:BEN), the owner of a metallurgical coal mine in North America supplying the steel industry, announces that Robin Fryer, Non-Executive Chairman of the Company and a person discharging managerial responsibility (a "PDMR"), on 28 December 2023, exercised options to subscribe for 300,000 new ordinary shares of 0.1 pence each in the Company at an exercise price of 5 pence per share (the "New Ordinary Shares"). The exercise of these options has generated £15,000 for the Company. 

 

Application will be made shortly for the New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around 5 January 2024.

 

Following the exercise of the options, Robin Fryer holds 300,000 New Ordinary Shares in the Company equivalent to 0.08 per cent. of the issued share capital of the Company.

 

The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation, is appended further below.

 

Upon Admission, the Company's issued share capital will consist of 399,873,728 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 399,873,728. With effect from Admission, 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 to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

 For further information please contact:

?

Bens Creek Group plc

Adam Wilson, CEO

Peter Shea, Chief of Staff

 

+44 (0) 204 558 2300

Allenby Capital Limited (Nominated Adviser and Joint Broker)

Nick Athanas / Nick Naylor / George Payne (Corporate Finance)

Kelly Gardiner (Sales and Corporate Broking)

+44 (0) 203 328 5656

 

WH Ireland Limited (Joint Broker)

Harry Ansell / Katy Mitchell

 

+44 (0) 207 220 1666



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

 

Robin Fryer

2

 

Reason for the notification

a)

 

Position/status

 

 

Non-Executive Chairman

b)

 

Initial notification /Amendment

 

Initial

3

 

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

 

a)

 

Name 

 

Bens Creek Group plc

b)

 

LEI

 

213800I3FGJ7KAZGEG14

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 Shares of 0.1 pence each



Identification code

GB00BP814F22



b)

 

Nature of the transaction 

 

Exercise of Options over the Ordinary Shares in the Company

c)

Price and volume

Price: 5 pence per option

Volume: 300,000

d)

 

Aggregated information




Aggregated volume

300,000



Price

 

Principal amount

5 pence per option

 

£15,000



e)

 

Date of the transaction

 

28 December 2023

f)

 

Place of the transaction

 

Outside of a trading venue

 

 

 



 

 

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