Business
PDMR Dealing
PDMR Dealing.
About this update from Critical Mineral Resources Plc
[{"type":"text","content":"\n\n22 July 2024\nCritical Mineral Resources PLC\n('CMR' or the 'Company')\nPDMR Dealing\n \nFurther to an announcement on 17 July 2024, Critical Mineral Resources PLC the exploration and resource development company focused on developing critical minerals resources in Morocco, announces the issue of ordinary shares of 1 pence each in the capital of the Company (\"Ordinary Shares\") at par to eligible employees under the CMR Equity Incentive Scheme.\n \nApplication is being made for 7,345,350 Ordinary Shares to be admitted to trading on the Main Market of the London Stock Exchange which is expected to occur at 8.00 a.m. on or around (Thursday 25 July 2024). The Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.\n \nThe shares are subject to forfeiture conditions as follows. The shares granted to each eligible employee will be divided by three - referred to as the first, second and third tranches. The first tranche will be released from forfeiture obligations if after 12 months the share price is 2.5p or higher, the second tranche will be released from forfeiture obligations if, after 24 months the share price is 3.5p or higher, and the third tranche will be released from forfeiture obligations if after 36 months the share price is 5.0p or higher.\n \nFollowing Admission, the Company's enlarged issued share capital will be 80,798,859. The Company holds 2,666,666 ordinary shares in treasury and is not permitted to exercise voting rights attached to these shares. Therefore, Total Voting Rights (TVR) calculation should be based on the figure of 78,132,193. 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.\n \nDirector Participation\nThe Directors of the Company form part of the eligible employees under the CMR Equity Incentive Scheme. Details of the issue to the Directors are as follows:\n \n\n\n\n\nName\n\n\nExisting Shareholding\n\n\n%\n\n\nNumber of equity incentive shares\n\n\nShareholdings on Admission...