Golden Metal Resources PLC Announces Grant of New Options and Directors' Dealings
- Golden Metal Resources plc recognizes the contribution made by the team to the rapid development of the company and the strategic current value of its broad-spectrum natural resource focused exploration and development portfolio.
- None.
Grant of New Options and Directors' Dealings
LONDON, UK / ACCESSWIRE / December 27, 2023 / Golden Metal Resources plc (LON:GMET)(OTCQB:GMTLF), a strategic mineral exploration and development company focused on Nevada, US, announces that it has granted options over 3.9 million new ordinary shares of 1 pence each in the Company ("Ordinary Shares"), representing approximately 4.6 per cent. of the existing issued share capital of the Company, to certain Directors, employees and advisors to subscribe for new Ordinary Shares at an exercise price of 14p with a life to expiry of 3 years from 22 December 2023 with an immediate vesting period (the "New Options").
Further details on the grant of the New Options are provided below and recognise the contribution made by the team to the rapid development of the Company and the strategic current value of its broad-spectrum natural resource focused exploration and development portfolio.
2.5 million of the New Options have been granted to Golden Metal board directors (the "Director Options"). The Director Options, along with a summary of existing options held are outlined in the table below:
Director Options Granted
Director | Existing options | New Options granted | Exercise price (p) of New Options | Expiry date of New Options | Total options following award of New Options |
Oliver Friesen | 2,104,859 | 500,000 | 14p | 21.12.26 | 2,604,859 |
David Ovadia | 500,000 | 14p | 21.12.26 | 500,000 | |
J.T. Starzecki | 500,000 | 14p | 21.12.26 | 500,000 | |
Mark Burnett | 500,000 | 14p | 21.12.26 | 500,000 | |
Mick Billing | 500,000 | 14p | 21.12.26 | 500,000 | |
Total | 2,104,859 | 2,500,000 | 4,604,859 |
A new pool totalling 1.4 million New Options has been granted to Golden Metal employees and advisors, to be allocated in line with the Board's instructions to non-Board team members, and with the same terms as the Director Options above.
PDMR DISCLOSURE
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealing.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Oliver Friesen | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Executive Officer | |||
| b) | Initial notification /Amendment | Initial Notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Golden Metal Resources plc | |||
| b) | LEI | 213800J4SKZAMUEPGW34 | |||
| 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 | ordinary shares of 1p each | |||
| Identification code | ISIN: GB00BPQY8R36 | ||||
| b) | Nature of the transaction | Issue of Options | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| 14p | 500,000 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 500,000 | ||||
| - Price | 14p | ||||
| e) | Date of the transaction | 22 December 2023 | |||
| f) | Place of the transaction | Off Market | |||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | David Ovadia | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chairman | |||
| b) | Initial notification /Amendment | Initial Notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Golden Metal Resources plc | |||
| b) | LEI | 213800J4SKZAMUEPGW34 | |||
| 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 | ordinary shares of 1p each | |||
| Identification code | ISIN: GB00BPQY8R36 | ||||
| b) | Nature of the transaction | Issue of Options | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| 14p | 500,000 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 500,000 | ||||
| - Price | 14p | ||||
| e) | Date of the transaction | 22 December 2023 | |||
| f) | Place of the transaction | Off Market | |||
| Details of the person discharging managerial responsibilities / person closely associated | ||||
| Name | J. T. Starzecki | |||
| Reason for the notification | ||||
| Position/status | Non-Executive Director | |||
| Initial notification /Amendment | Initial Notification | |||
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| Name | Golden Metal Resources plc | |||
| LEI | 213800J4SKZAMUEPGW34 | |||
| 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 | ||||
| Description of the financial instrument, type of instrument | ordinary shares of 1p each | |||
| Identification code | ISIN: GB00BPQY8R36 | |||
| Nature of the transaction | Issue of Options | |||
| Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | |||
| 14p | 500,000 | |||
| Aggregated information | ||||
| - Aggregated volume | 500,000 | |||
| - Price | 14p | |||
| Date of the transaction | 22 December 2023 | |||
| Place of the transaction | Off Market | |||
| Details of the person discharging managerial responsibilities / person closely associated | ||||
| Name | Mark Burnett | |||
| Reason for the notification | ||||
| Position/status | Non-Executive Director | |||
| Initial notification /Amendment | Initial Notification | |||
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| Name | Golden Metal Resources plc | |||
| LEI | 213800J4SKZAMUEPGW34 | |||
| 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 | ||||
| Description of the financial instrument, type of instrument | ordinary shares of 1p each | |||
| Identification code | ISIN: GB00BPQY8R36 | |||
| Nature of the transaction | Issue of Options | |||
| Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | |||
| 14p | 500,000 | |||
| Aggregated information | ||||
| - Aggregated volume | 500,000 | |||
| - Price | 14p | |||
| Date of the transaction | 22 December 2023 | |||
| Place of the transaction | Off Market | |||
| Details of the person discharging managerial responsibilities / person closely associated | ||||
| Name | Mick Billing | |||
| Reason for the notification | ||||
| Position/status | Non-Executive Director | |||
| Initial notification /Amendment | Initial Notification | |||
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| Name | Golden Metal Resources plc | |||
| LEI | 213800J4SKZAMUEPGW34 | |||
| 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 | ||||
| Description of the financial instrument, type of instrument | ordinary shares of 1p each | |||
| Identification code | ISIN: GB00BPQY8R36 | |||
| Nature of the transaction | Issue of Options | |||
| Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | |||
| 14p | 500,000 | |||
| Aggregated information | ||||
| - Aggregated volume | 500,000 | |||
| - Price | 14p | |||
| Date of the transaction | 22 December 2023 | |||
| Place of the transaction | Off Market | |||
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SOURCE: Golden Metal Resources PLC
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