Business
Issue of Performance Shares
Issue of Performance Shares.
About this update from Harvest Minerals Limited
[{"type":"text","content":"\n \nRNS Number : 4106V Harvest Minerals Limited 23 July 2018 \n\nHarvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining\n23 July 2018\nHarvest Minerals Limited\n('Harvest' or the 'Company')\n \nIssue of Performance Shares\n \nAs announced on 5 February 2018, the Company has put in place an incentive scheme for Executive Directors and Senior Management (together, \"Management\"). The Tranche 2 performance condition has now been achieved, being receipt of MAPA certification. As such, the Company has issued, in aggregate, 1.5 million new Ordinary Shares to Management (the \"Tranche 2 Performance Shares\") as follows:\n \n\n\n\nName\n\n\nNumber of Tranche 3 Performance Shares issued\n\n\nResultant Ordinary Share holding in the Company\n\n\n\n\nBrian McMaster\n\n\n500,000\n\n\n7,242,996\n\n\n\n\nLuiz Azevedo\n\n\n500,000\n\n\n1,645,135\n\n\n\n\nMark Heyhoe\n\n\n250,000\n\n\n750,000\n\n\n\n\nLuis Clerot\n\n\n250,000\n\n\n750,000\n\n\n\n \nAdmission to Trading and Total Voting Rights\n \nThe above shares rank pari passu with the Company's existing Ordinary Shares. Application has been made for these new Ordinary Shares to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective and dealings in these new Ordinary Shares will commence on or around 25 July 2018.\n \nFollowing the issue of the Tranche 2 Performance Shares, the total issued share capital of the Company consists of 185,835,884 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 185,835,884 and 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 and Transparency Rules.\n \nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.\n \nENDS\n \nFor further information please visit www.harvestminerals.net or contact:\n \n\n\n\nHarvest Minerals Limited\n\n\nBrian McMaster (Chairman)\n\n\nTel: +44 (0) 20 731...