For immediate release
9 May 2025
Xtract Resources Plc
("Xtract" or the "Company")
Award of Share Options
The Board of Xtract announces that on 8 May 2025, the Company awarded 13,700,000 new options (representing 1.6 per cent. of the current issued share capital) to Directors and a further 11,860,000 new options (representing 1.38 per cent. of the current issued share capital) to employees, consultants and officers of the Company.
The new options vest and are exercisable immediately on award, with an exercise price of 1.35p per new Ordinary Share. The new options will lapse five years after the date of the award, being 7 May 2030. The exercise price represents a 35 per cent. premium to the mid-market closing price of 1.00p of the Ordinary Shares as at 8 May 2025, and a 42 per cent. premium to the 30-day volume weighted average share price for the 30 trading days ended 8 May 2025. Further details of the new options awards are as follows:
| Individual | Number of new options |
| Directors: | |
| Colin Bird | 9,000,000 |
| Kjeld Thygesen | 350,000 |
| Alastair Ford | 350,000 |
| Joel Silberstein
| 4,000,000 |
| | |
| Employees: | |
| Other | 11,860,000 |
| Total | 25,560,000 |
A copy of this announcement: www.xtractresources.com
Enquiries:
| Xtract Resources Plc | Colin Bird, Executive Chairman
| +44 (0)20 3416 6471 |
| Beaumont Cornish Limited Nominated Adviser and Joint Broker | Roland Cornish Michael Cornish Felicity Geidt | +44 (0)207628 3369 |
|
Novum Securities Limited Joint Broker |
Jon Bellis Colin Rowbury |
+44 (0)207 399 9427 www.novumsecurities.com |
The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||||||||||||||||||||||
| a)
| Name
| 1. Colin Bird 2. Joel Silberstein 3. Kjeld Thygesen 4. Alastair Ford
| ||||||||||||||||||||||||||
| 2
| Reason for the notification | |||||||||||||||||||||||||||
| a)
| Position/status
| 1. Chairman 2. Finance Director 3. Non-Executive Director 4 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
| Xtract Resources plc | ||||||||||||||||||||||||||
| b)
| LEI
| 213800A71LZ79EKUNC34 | ||||||||||||||||||||||||||
| 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 | Options over Ordinary Shares of 0.02p each ("Ordinary Shares")
| ||||||||||||||||||||||||||
| | | |||||||||||||||||||||||||||
| Identification code | ISIN: GB00BYSX2795 | |||||||||||||||||||||||||||
| | | |||||||||||||||||||||||||||
| b)
| Nature of the transaction
| Issue of Options over Ordinary Shares | ||||||||||||||||||||||||||
| c)
|
Price(s) and volume(s) | |
| | ||||||||||||||||||||||||
|
| | | ||||||||||||||||||||||||||
| d)
| Aggregated information | | ||||||||||||||||||||||||||
| | | |||||||||||||||||||||||||||
| - Aggregated volume | 13,700,000 options over Ordinary Shares | |||||||||||||||||||||||||||
| | | |||||||||||||||||||||||||||
| - Price | 1.35p
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| | | |||||||||||||||||||||||||||
| e)
| Date of the transaction
| 8 May 2025 | ||||||||||||||||||||||||||
| f)
| Place of the transaction
| Outside a trading venue | ||||||||||||||||||||||||||
ENDS
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