Business
Issue of Equity and Director / PDMR Shareholding
Capital Limited has issued 397,809 new common shares under its Long Term Incentive Plan, with performance conditions for the three years ending December 31, 2025, being partially met, resulting in a 17.1% vesting of awards. Directors Jamie Phillip Boyton and Brian Rudd received 93,453 shares in total, with 61,962 and 31,491 shares respectively, at an exercise price of $0.0001 each. Following this issuance, the company's total issued share capital will be 225,701,590 shares. Disclaimer*
About this update from Capital Limited
Capital Limited ("Capital", the "Group" or the "Company") Issue of Equity, Director / PDMR shareholding and Total Voting Rights Capital (LSE: CAPD), a leading mining services company, today announces that it has issued a total of 397,809 new common shares ("Shares") to employees, pursuant to the Company's Long Term Incentive Plan ("LTIP"). The new Shares issued will rank pari passu with the Company's existing Shares. Following the vesting of the LTIPs which were awarded in early 2023, in accordance with the LTIP's terms, the Company received notices of exercise from all the option holders. Performance conditions attaching to the awards pursuant to the LTIP for the three years ended 31 December 2025, as set out in the Company's annual report, have been met in part. LTIP awards were subject to two three-year performance targets each covering 50% of the award: a TSR compound growth condition and an adjusted EPS compound growth performance condition. TSR was achieved at 8.9% compound growth however the EPS was missed, and as a result, the awards vested at 17.1% of grant. Pursuant to the terms of the Company's 2023 LTIP, of the 397,809 Shares issued, Directors of the Company received 93,453 Shares and other PDMRs of the Company have received a total of 25,613 Shares: 1. 61,962 Shares awarded to Jamie Phillip Boyton, Executive Chair of the Company, at an exercise price of $0.0001 per Share under the Group's LTIP; and 2. 31,491 Shares awarded to Brian Rudd, Executive Director of the Company, at an exercise price of $0.0001 per Share under the Group's LTIP. Application has been made to the London Stock Exchange and admission of the new 397,809 Shares is expected on or around 16 March 2026, following which; the Company's issued share capital will comprise 225,701,590 Shares of $0.0001 each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure and Transparency Rules. - ENDS - For further information, please visit Capital's website www.capdrill.com or contact: Capital Limited [email protected] Jamie Boyton, Executive Chair Rick Robson, Chief Financial Officer Conor Rowley, GM Commercial & Corporate Development Ryan Tennis, Corporate Development & Investor Relations Tamesis Partners LL P +44 20 3882 2868 Charlie Bendon Richard Greenfield Stifel Nicolaus Europe Limited +44 20 7710 7600 Ashton Clanfield Varun Talwar Panmure Liberum Limited +44 20 3100 2000 Scott Mathieson John More FTI Consulting +44 20 3727 1000 Ben Brewerton [email protected] Nick Hennis About Capital Limited Capital Limited is a leading mining services company that provides a complete range of drilling, mining, maintenance and geochemical laboratory solutions to customers within the global minerals industry. The Company's services include exploration, delineation and production drilling; load and haul services; maintenance; and geochemical analysis. The Group's corporate headquarters are in the United Kingdom and it has established operations in Canada, Côte d'Ivoire, Democratic Republic of Congo, Egypt, Gabon, Guinea, Kenya, Mali, Mauritania, Namibia, Pakistan, Saudi Arabia, Tanzania, United States of America and Zambia. Notification of transactions by PDMRs 1. Details of the person discharging managerial responsibilities / person closely associated a. Name Jamie Boyton 2. Reason for the notification a. Position/status Executive Chair b. Initial notification/Amendment Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a. Name Capital Limited b. LEI 213800XG175G91JW8W37 4. Details 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 transactions have been conducted a. Description of the Financial instrument, type of instrument Identification code Common shares of $0.0001 each BMG022411000 b. Nature of the transaction Award of common shares c. Price(s) and volume(s) Price(s) Volume(s) $0.0001 61,962 d. Aggregated information · Aggregated volume · Price n/a e. Date of the transaction 13/04/2026 f. Place of the transaction Outside of trading venue 1. Details of the person discharging managerial responsibilities / person closely associated a. Name Brian Rudd 2. Reason for the notification a. Position/status Executive Director b. Initial notification/Amendment Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a. Name Capital Limited b. LEI 213800XG175G91JW8W37 4. Details 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 transactions have been conducted a. Description of the Financial instrument, type of instrument Identification code Common shares of $0.0001 each BMG022411000 b. Nature of the transaction Award of common shares c. Price(s) and volume(s) Price(s) Volume(s) $0.0001 31,491 d. Aggregated information · Aggregated volume · Price n/a e. Date of the transaction 13/04/2026 f. Place of the transaction Outside of trading venue 1. Details of the person discharging managerial responsibilities / person closely associated a. Name Rick Robson 2. Reason for the notification a. Position/status Chief Financial Officer b. Initial notification/Amendment Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a. Name Capital Limited b. LEI 213800XG175G91JW8W37 4. Details 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 transactions have been conducted a. Description of the Financial instrument, type of instrument Identification code Common shares of $0.0001 each BMG022411000 b. Nature of the transaction Award of common shares c. Price(s) and volume(s) Price(s) Volume(s) $0.0001 25,613 d. Aggregated information · Aggregated volume · Price See above e. Date of the transaction 13/04/2026 f. Place of the transaction Outside of trading venue