Business
Grant of Options
Grant of Options.
About this update from Empire Metals Limited
[{"type":"text","content":"\n\n \nEmpire Metals Limited / LON: EEE / Sector: Natural Resources\n \n29 November 2023\nEmpire Metals Limited\n(\"Empire\" or \"the Company\")\n \nGrant of Options\n \nEmpire Metals Limited (LON: EEE), the AIM-quoted resource exploration and development company, announces that the Remuneration Committee has agreed to issue options over a total of 8,400,000 ordinary shares of no-par value in the capital of the Company at an exercise price of 8.6 pence ('Share Options') to Directors. The Share Options will vest immediately and will expire on 28 November 2028.\n \nThe Share Options represent in aggregate 1.48% of the existing issued ordinary share capital of the Company and have been issued to directors in line with the Company's ongoing incentive plans. Following the grant of the Share Options, in aggregate there will be 56,700,000 ordinary shares of no par value of the Company under option to directors and employees of the Company, representing 9.99% of the existing issued ordinary share capital of the Company.\n \nMarket Abuse Regulation (MAR) Disclosure\nCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014, as incorporated into UK law by the European Union (Withdrawal) Act 2018, until the release of this announcement.\n \nNOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM\n\n\n\n\n1. \n\n\nDetails of the person discharging managerial responsibilities/person closely associated\n\n\n\n\na)\n\n\nName:\n\n\nShaun Bunn\n\n\n\n\n2. \n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition/status:\n\n\nManaging Director\n\n\n\n\nb)\n\n\nInitial notification/Amendment:\n\n\nInitial notification\n\n\n\n\n3. \n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\na)\n\n\nName:\n\n\nEmpire Metals Limited\n\n\n\n\nb)\n\n\nLEI:\n\n\n2138002IOR7OCZZPB279\n\n\n\n\n4. \n\n\nDetails 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 tr...