Warrant Exercise, Director Shareholdings & Options
Arkle Resources PLC announced the exercise of 16,000,000 warrants by Directors and an additional 6,800,000 warrants by other holders, raising GBP79,800 and increasing the total issued ordinary shares to 1,521,110,997 upon admission expected around April 9, 2026. Furthermore, the company granted 130,000,000 share options to employees, advisers, and directors at an exercise price of 0.95 pence, representing a premium to the previous day's closing price, to incentivize long-term growth. These new options replace all previously held options by directors and management.
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Arkle Resources PLC (LSE:ARK), the energy metals explorer with a key focus on uranium, announces that 16,000,000 warrants over ordinary shares of EUR0.0025 each ("Ordinary Shares") with an exercise price of 0.35 pence per share have been exercised by Directors of the Company ("Director Shares") as set out below.
Director Warrant Exercises
| Director | Position | No. Warrants Exercised | Resultant Shareholding | Resultant % Ownership * |
|---|---|---|---|---|
| John Teeling | Executive Chairman | 10,000,000 | 73,718,035 | 4.85 |
| David Cockbill | Non-Executive Director | 6,000,000 | 35,893,741 | 2.36 |
*Of enlarged issued share capital, post Admission of the Director Shares and Other Shares
A further 6,800,000 warrants over Ordinary Shares with an exercise price of 0.35 pence per share have been exercised by other warrant holders ("Other Shares").
Application has been made for the Director Shares and the Other Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and it is expected that this will take place at 8.00 a.m. on or around 9 April 2026 ("Admission"). The Company has received the proceeds of the warrant exercises of GBP79,800.
Total Voting Rights
Following Admission, Arkle will have 1,521,110,997 Ordinary Shares in issue which will also represent the total number of voting rights in the Company. The above figure should 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 a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
Grant of Share Options
Arkle also announces the grant of share options over 130,000,000 Ordinary Shares to certain key employees, advisers, consultants and directors, with an exercise price of 0.95 pence, approximately a 65% premium to the Company's closing share price on 1 April 2026, (the "Options"), to incentivise long-term growth reflected in the Company's valuation. The Options vest immediately and are valid for a period of five years. The vesting criteria requires the recipient to remain engaged by the Company at the time of exercise. These new Options replace all options previously held by directors and management which have been cancelled.
Schedule of Director/PDMR & Adviser/Consultant Options
| Director | Position | No. Options Granted |
|---|---|---|
| John Teeling | Executive Chairman | 10,000,000 |
| Rory Harding | Director, Interim CEO | 45,000,000 |
| James Finn | Financial Director & Co. Secretary | 10,000,000 |
| David Cockbill | Non-Executive Director | 15,000,000 |
| Robin Birchall | Non-Executive Director | 10,000,000 |
| Mark Burnett | Strategic Adviser & Board Observer | 20,000,000 |
| Chris Healey | Chief Geologist | 5,000,000 |
| Aron Haludilu | Country Manager, Namibia | 10,000,000 |
| TOTAL | 125,000,000 |
The remaining 5,000,000 Options are being awarded to a consultant on the same terms as described above.
A copy of this announcement is available on the Company's website at: www.arkleresources.com.
APPENDIX
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. John Teeling 2. David Cockbill |
| 2. | Reason for the Notification | |
| a) | Position/status | 1. Executive Chairman 2. Non-Executive Director |
| b) | Initial notification / Amendment | Initial notification |
| a) | Name | Arkle Resources plc |
| b) | LEI | 213800CTOO8MOLMNEQ44 |
| a) | Description of the Financial instrument, type of instrument | Ordinary Shares of EUR0.0025 each |
| Identification Code | IE00B2357X72 | |
| b) | Nature of the transaction | Exercise of Warrants |
| c) | Price(s) and volume(s) | 1. 10,000,000 at 0.35 pence 2. 6,000,000 at 0.35 pence |
| d) | Aggregated information: · Aggregated volume · Price | 1. 10,000,000 at 0.35 pence 2. 6,000,000 at 0.35 pence |
| e) | Date of the transaction | 1 April 2026 |
| f) | Place of the Transaction | London Stock Exchange |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 3. John Teeling 4. Rory Harding 5. James Finn 6. David Cockbill 7. Robin Birchall 8. Mark Burnett 9. Chris Healey 10. Aron Haludilu |
| 2. | Reason for the Notification | |
| a) | Position/status | 3. Executive Chairman 4. Director, Interim CEO 5. Director, Financial Director & Co. Secretary 6. Non-Executive Director 7. Non-Executive Director 8. Strategic Adviser & Board Observer 9. Chief Geologist 10. Country Manager, Namibia |
| b) | Initial notification / Amendment | Initial notification |
| a) | Name | Arkle Resources plc |
| b) | LEI | 213800CTOO8MOLMNEQ44 |
| a) | Description of the Financial instrument, type of instrument | Ordinary Shares of EUR0.0025 each |
| Identification Code | IE00B2357X72 | |
| b) | Nature of the transaction | Grant of Options |
| c) | Price(s) and volume(s) | Exercise price - 0.95 pence 1. 10,000,000 2. 45,000,000 3. 10,000,000 4. 15,000,000 5. 10,000,000 6. 20,000,000 7. 5,000,000 8. 10,000,000 |
| d) | Aggregated information: · Aggregated volume · Price | 1. 10,000,000 2. 45,000,000 3. 10,000,000 4. 15,000,000 5. 10,000,000 6. 20,000,000 7. 5,000,000 8. 10,000,000 Exercise price - 0.95 pence |
| e) | Date of the transaction | 1 April 2026 |
| f) | Place of the Transaction | Off market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.