Business
Exercise of Share Options
Blencowe Resources Plc announced that Executive Chairman Cameron Pearce and Chief Executive Officer Mike Ralston exercised their share options, which were issued on 16 December 2020, at an exercise price of 6p. Cameron Pearce exercised 1,666,667 options and Mike Ralston exercised 2,333,333 options, resulting in approximately £240,000 in proceeds for the Company. Following these transactions, Cameron Pearce will hold 12,183,334 shares representing 3.0% of the enlarged share capital, and Mike Ralston will hold 10,558,333 shares representing 2.6% of the enlarged share capital, which will comprise 409,330,172 ordinary shares upon admission to the London Stock Exchange on 8 December 2025. Disclaimer*
About this update from Blencowe Resources Plc
[{"type":"text","content":"\n\n2 December 2025\nBlencowe Resources Plc\n(\"Blencowe\" or the \"Company\")\n \nExercise of Share Options\nBlencowe Resources Plc (LSE: BRES) announces that Executive Chairman Cameron Pearce and Chief Executive Officer Mike Ralston have exercised share options in the Company.\nThe share options were issued on 16 December 2020, with a 6p exercise price and a term of five years to maturity. Cameron Pearce and Mike Ralston were granted 1,666,667 and 2,333,333 options respectively and are exercising their full allocation at 6p resulting in proceeds of approximately £240,000 for the Company.\nHoldings on Admission\n\n\n\n\nDirector\n\n\nShare Options Granted\n\n\nExercise Cost at 6p\n\n\nCurrent Holdings\n\n\nHoldings on Admission*\n\n\n% Holdings on Admission*\n\n\n\n\nCameron Pearce\n\n\n1,666,667\n\n\n£100,000\n\n\n10,516,667\n\n\n12,183,334\n\n\n3.0\n \n\n\n\n\nMike Ralston\n\n\n2,333,333\n\n\n£139,999.96\n\n\n8,225,000\n\n\n10,558,333\n\n\n2.6\n \n\n\n\n\n*Enlarged share capital on admission will be 409,330,172 ordinary shares\n \nAdmission and Total Voting Rights\nAn application has been made for 4,000,000 new ordinary shares to be admitted to trading on the Equity Shares (Transition) category of the official list and the main market of the London Stock Exchange from 8.00 a.m. on 8 December 2025 (\"Admission\").\nIn accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that following Admission, the Company's enlarged issued ordinary share capital will comprise 409,330,172 ordinary shares. The Company does not hold any ordinary shares in Treasury. Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA's Disclosure Guidance and Transparency Rules.\n \nFor further information please contact:\n\n\n\n\n \n Blencowe Resources Plc\nSam Quinn\n\n\n \nwww.blencoweresourcesplc.com\nTel: +44 (0)1624 681 250\[email protected]\n \n\n\n\n\nInvestor Relations\nSasha Sethi\n\n\nTel: +44 (0) 7891 677 441\[email protected]\n\n\n\n\nTavira Financial \nJonathan Evans\n\n\nTel: +44 (0)20 3192 1733\[email protected]\n&nb...