Business
Grant of RSU's and Exercise of Options
Mineral & Financial Investments Limited (M&FI) announced the grant of 1,000,000 restricted share units (RSUs) to certain directors and employees, vesting over three years at a reference price of £0.23 per share. A company consultant exercised options for 350,000 ordinary shares at £0.135 each, resulting in the admission of these new shares to trading on AIM on August 21, 2025. Post-admission, the issued share capital will be 37,905,871 ordinary shares. The RSU grants to key individuals are detailed below: | Name | # RSUs Granted (2025) | # RSUs Currently Held | # Ordinary Shares Held | Total % Interest (Post-Issue) | |--------------------------|------------------------|-----------------------|-----------------------|-----------------------------| | Mark Brown (Chairman) | 100,000 | 275,000 | 0 | 1.0% | | Jacques Vaillancourt (CEO)| 700,000 | 400,000 | 7,044,000 | 21.5% | | Sean Keenan (NED) | 100,000 | 275,000 | 100,000 | 1.2% | | James Lesser (NED) | 100,000 | 0 | 357,009 | 1.2% | Disclaimer*
About this update from Mineral And Financial Investments Ltd
[{"type":"text","content":"\n\n \nMINERAL & FINANCIAL INVESTMENTS LIMITED\nGrant of Restricted Share Units & Exercise of Options Resulting in Issue Of Equity\n \n \nGEORGE TOWN, CAYMAN ISLANDS, August 20, 2025 - Mineral and Financial Investments Limited (LSE-AIM: MAFL) (\"M&FI\" or the \"Company\") is an London Stock Exchange AIM quoted Investment company focused on natural resource investments with an focus on mining and mineral sector by providing investment, financing and advisory services to its investee companies, announces the grant of Restricted Share Units (\"RSU\") to certain directors under its 2021 Restricted Share Unit Scheme (\"2021 RSU Scheme\"). Full details are set out in the Company's 2021 Annual General Meeting documentation and were approved by the shareholders of the Company at that AGM. The board notes that it has not granted any RSU's or Options since 2022.\nGrant of Restricted Share Units (\"RSU\")\nThe RSU's have been issued over 1,000,000 ordinary shares to certain directors and employees. The RSU's will have a 5-year term and vest in three equal instalments over a three (\"3\") year vesting period, with a reference market price of 23.0p per Share being the share price on 12 August 2025. The effect of the RSU is that it is a future claim to draw down the underlying shares for the recipient which allows them to manage their personal finances accordingly. The PDMR's who received the RSU's are as follows:\n\n\n\n\nName of PDMR\n\n\n# of RSUs to be issued in this grant (2025)\n\n\n# of RSU's currently held\n\n\n# of Ordinary Shares currently held in the Company\n\n\nTotal % interest in the Company's shares (of both RSUs and Ordinary Shares) and after issue of the New Ordinary Shares referred to below\n\n\n\n\nMark Brown (Chairman)\n\n\n100,000\n\n\n275,000\n\n\nNil\n\n\n1.0%\n\n\n\n\nJacques Vaillancourt (CEO)\n\n\n700,000\n\n\n400,000\n\n\n7,044,000[1]\n\n\n21.5%\n\n\n\n\nSean Keenan (NED)\n\n\n100,000\n\n\n275,000\n\n\n100,000\n\n\n1.2%\n\n\n\n\nJames Lesser (NED)\n\n\n100,000\n\n\n-\n\n\n357,009\n\n\n1.2%\n\n\n\n\n \nExercise of Options\nThe Company announces that it has received a notice of exercise in respect of share options over 350,000 ordinary shares of 1.0p each in the Company at an exercise price of 13.50 pence by a consultant of the Company.\nApplication has been made for 350,000 new o...