Issue of DFS Performance Shares
Blencowe Resources Plc has issued 12,000,000 DFS Performance Shares following the completion of its Definitive Feasibility Study, with these shares subject to a 12-month lock-up period. Directors Cameron Pearce, Mike Ralston, and Iain Wearing each received 3,000,000 shares, Lionshead Consultants Ltd received 2,250,000 shares, and Alex Passmore received 750,000 shares, all at a price of £0.005 per share. Following admission on January 9, 2026, the company's enlarged issued ordinary share capital will be 475,670,465 shares.
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Blencowe Resources Plc (LSE: BRES) announces that it has issued 12,000,000 DFS Performance Shares.
The DFS Performance Options have now vested following the completion and publication of the company's Definitive feasibility Study on 1 December 2025. Accordingly, the Company is now required to issue 12,000,000 new ordinary shares as set out below (the "DFS Performance Shares").
Each holder of the DFS Performance Shares has agreed to a lock up for a period of 12 months from Admission.
| Director | DFS Performance shares issued | Current holdings | Holdings on Admission | Holdings % of Enlarged Share Capital |
|---|---|---|---|---|
| Cameron Pearce | 3,000,000 | 13,016,667 | 16,016,667 | 3.4% |
| Mike Ralston | 3,000,000 | 10,891,666 | 13,891,666 | 2.9% |
| Iain Wearing | 3,000,000 | 10,461,666 | 13,461,666 | 2.8% |
| Lionshead Consultants Ltd * | 2,250,000 | 7,833,334 | 10,083,334 | 2.1% |
| Alex Passmore | 750,000 | 2,816,667 | 3,566,667 | 0.7% |
* beneficially owned by Sam Quinn
Admission and Total Voting Rights
An application has been made for 12,000,000 Ordinary Shares to be admitted to trading on the Equity (Transition) category of the official list and the main market of the London Stock Exchange from 8.00 a.m. on 9 January 2026 ("Admission").
In accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that following Admission, the Company's enlarged issued ordinary share capital will comprise 475,670,465 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury. Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA's Disclosure Guidance and Transparency Rules.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Cameron Pearce 2. Mike Ralston 3. Iain Wearing 4. Lionshead Consultants (S Quinn) 5. Alexander Passmore |
| 2 | Reason for the notification | |
| a) | Position/status | 1. Director 2. Manager 3. Manager 4. Director 5. Director |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Blencowe Resources PLC |
| b) | LEI | 213800UXIHBIRK36GG11 |
| b) | Nature of the transaction | Exercise of Share options |
| c) | Price(s) and volume(s) | Price Volume 1. 0.005 2. 0.005 3. 0.005 4. 0.005 5. 0.005 1. 3,000,000 2. 3,000,000 3. 3,000,000 4. 2,250,000 5. 750,000 |
| d) | Aggregated information - Aggregated volume - Price | N/A £0.005 |
| e) | Date of Transaction | 30 December 2025 |
| f) | Place of transaction | London Stock Exchange |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.