Award of share options

Xtract Resources

09/05/2025 15:30

RNS Number : 1363I

Xtract Resources plc

09 May 2025

 

 

For immediate release

9 May 2025

Xtract Resources Plc

("Xtract" or the "Company")

Award of Share Options

 

The Board of Xtract announces that on 8 May 2025, the Company awarded 13,700,000 new options (representing 1.6 per cent. of the current issued share capital) to Directors and a further 11,860,000 new options (representing 1.38 per cent. of the current issued share capital) to employees, consultants and officers of the Company.

The new options vest and are exercisable immediately on award, with an exercise price of 1.35p per new Ordinary Share. The new options will lapse five years after the date of the award, being 7 May 2030. The exercise price represents a 35 per cent. premium to the mid-market closing price of 1.00p of the Ordinary Shares as at 8 May 2025, and a 42 per cent. premium to the 30-day volume weighted average share price for the 30 trading days ended 8 May 2025.  Further details of the new options awards are as follows:

Individual
Number of new options
Directors:
Colin Bird
9,000,000
Kjeld Thygesen
350,000
Alastair Ford
350,000
Joel Silberstein
4,000,000
Employees:
Other
11,860,000
Total
25,560,000

 

A copy of this announcement: www.xtractresources.com

 

Enquiries:

Xtract Resources Plc
Colin Bird,
Executive Chairman
+44 (0)20 3416 6471
www.xtractresources.com
Beaumont Cornish Limited
Nominated Adviser and Joint Broker
Roland Cornish
Michael Cornish
Felicity Geidt
+44 (0)207628 3369
www.beaumontcornish.co.uk
Novum Securities Limited
Joint Broker
Jon Bellis
Colin Rowbury
+44 (0)207 399 9427
www.novumsecurities.com

 

 

The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
1. Colin Bird
2. Joel Silberstein
3. Kjeld Thygesen
4. Alastair Ford
2
Reason for the notification
a)
Position/status
1. Chairman
2. Finance Director
3. Non-Executive Director
4 Non-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
Xtract Resources plc
b)
LEI
213800A71LZ79EKUNC34
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
Options over Ordinary Shares of 0.02p each ("Ordinary Shares")
Identification code
ISIN:GB00BYSX2795
b)
Nature of the transaction
Issue of Options over Ordinary Shares
c)
Price(s) and volume(s)
Director
Price payable on exercise of option
Volume(s)
Colin Bird
P
1.35
9,000,000
Joel Silberstein
P
1.35
4,000,000
Kjeld Thygesen
p
1.35
350,000
Alastair Ford
p
1.35
350,000
d)
Aggregated information
- Aggregated volume
13,700,000 options over Ordinary Shares
- Price
1.35p
e)
Date of the transaction
8 May 2025
f)
Place of the transaction
Outside a trading venue

ENDS

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