Business
Issue of Equity, TVR & PDMR Dealings
Issue of Equity, TVR & PDMR Dealings.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\n1 April 2025\n \nECR MINERALS PLC\n \n(\"ECR Minerals\", \"ECR\" or the \"Company\")\n \nIssue of Equity, Total Voting Rights\nand\nPDMR dealings\n \nECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce the issue of new ordinary shares of 0.001 pence each in ECR (the \"Ordinary Shares\") in respect of the board of directors of ECR's (the \"Board\" or the Directors\") ongoing remuneration policy, whereby each Director and certain consultants to the Company are remunerated partially through the issue of new Ordinary Shares.\n \nIn accordance with their existing share-based remuneration arrangements, announced originally on 19 September 2023, Nick Tulloch, Chairman, and Mike Whitlow, Managing Director, will each receive 9,816,325 new Ordinary Shares, as payment in lieu of £22,500 of their accrued remuneration for the period from 1 January 2025 to 31 March 2025.\n \nAlso on 19 September 2023, it was announced that the Company's Non-Executive Directors had agreed to subscribe for new Ordinary Shares as payment in lieu of their salary. As subsequently announced on 2 October 2024, with the salary sacrifice scheme passing its first anniversary, the Board updated the arrangements such that each Director will continue to accept a material part of their remuneration through the issue of new Ordinary Shares for at least a further 12 months. In accordance with these updated arrangements, Andrew Scott, Non-executive Director, will also receive 2,617,686 new Ordinary Shares, as payment in lieu of £6,000 of his accrued remuneration for the same period. The new Ordinary Shares will be issued at a price of 0.22921 pence per new Ordinary Share, which was the volume weighted average share price for Ordinary Shares over the previous 14 days. \n \nA further 2,617,686 new Ordinary Shares will also be issued at a price of 0.22921 pence per new Ordinary Share as payment in lieu of £6,000 of the remuneration of a consultant to the Company during the period from 1 January 2025 to 31 March 2025.\n \nAdditional Issue of Equity\n \nThe Company has agreed to issue and allot 2,617,686 new Ordinary Shares as payment in lieu of £6,000 of accrued fees owed by the Company to a professional adviser, in order to a...