REG-Richmond Hill Resources Plc: Grant of Options

Richmond Hill ResourcesAnnouncement

28/04/2026 07:02

Richmond Hill Resources PLC          
          (“Richmond Hill” or the “Company”)          
           
Grant of Options

Richmond Hill Resources PLC (AIM: RHR) announces the grant of options to
certain directors of the Company.

Grant of Options

Options over a total of 31,000,000 new ordinary shares in the Company
("Ordinary Shares") were awarded on 27 April 2026 at an exercise price of 2
pence per new Ordinary Share (being a premium of approximately 30 per cent
over the mid closing price on 24 April 2026) (the “Options"). The Options
vest immediately and will expire in approximately 2 years from the date of
grant.

The Options represent approximately 4.2 per cent. of the Company's current
issued ordinary share capital. The Options have been issued to certain
directors of the Company as set out in the table below.

 Name              Position                Date of Issue  Options     Exercise Price  Expiry date  
 Hamish Harris     CEO                     27/04/2026     25,000,000  2 pence         31/03/2028   
 Sheldon Modeland  Non-Executive Director  27/04/2026     3,000,000   2 pence         31/03/2028   
 David Tink        Non-Executive Chairman  27/04/2026     3,000,000   2 pence         31/03/2028   

Following the issue of the Options, as at the date of this announcement there
are a total of 63,262,071 options over Ordinary Shares in issue, representing
8.6% of the current issued share capital of the Company.

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market and business conditions, competition for qualified
staff, the regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political jurisdiction,
uncertainties regarding the results of exploration, uncertainties regarding
the timing and granting of prospecting rights, uncertainties regarding the
Company's ability to execute and implement future plans, and the occurrence of
unexpected events.                      Actual results achieved may vary from
the information provided herein as a result of numerous known and unknown
risks and uncertainties and other factors.           

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company are responsible for
the release of this announcement.

For further information, please contact:

 Richmond Hill Resources   Hamish Harris                                                 Tel: +44 (0)  203 582 6636  
 Cairn Financial Advisers LLP (Nominated Adviser)   Ludovico Lazzaretti / James Western  Tel: +44 (0)20 7213 0880    
 Clear Capital Limited (Broker)   Bob Roberts                                            Tel: +44 (0) 20 3869 6080   

 1   Details of the persons discharging managerial responsibilities / person closely associated                                                                                                            
 a)  Name                                                                                               A)  Hamish Harris  B)  Sheldon Modeland  C)  David Tink                                            
 2   Reason for the notification                                                                                                                                                                           
 a)  Position/Status                                                                                    A)  CEO  B)  Non-Executive Director  C)  Non-Executive Chairman                                    
 b)  Initial notification/ Amendment                                                                    Initial notification                                                                               
 3   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor                                                                                         
 a)  Name                                                                                               Richmond Hill Resources plc                                                                        
 b)  LEI                                                                                                2138009XFT53PKLIH113                                                                               
 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               Options over new ordinary shares of 0.1 pence each      GB00BNTBWF32                               
 b)  Nature of the transaction                                                                          Options awarded                                                                                    
 c)  Price(s) and volume(s)                                                                                                                                                                                
     Price(s)                                                                                           Volume(s)                                                                                          
 A   2 pence                                                                                            25,000,000                                                                                         
 B   2 pence                                                                                            3,000,000                                                                                          
 C   2 pence                                                                                            3,000,000                                                                                          
 d)  Aggregated information    -       Aggregated volume    -       Price                               See above                                                                                          
 e)  Date of transaction                                                                                27 April 2026                                                                                      
 f)  Place of transaction                                                                               London Stock Exchange                                                                              

 



Copyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved