Exercise of Share Options
Blencowe Resources Plc announced that Executive Chairman Cameron Pearce exercised 500,000 share options at an exercise price of 6p each, generating approximately £30,000 for the company. These new ordinary shares are expected to be admitted to trading on the London Stock Exchange on June 8, 2026. Following this admission, the company's enlarged issued ordinary share capital will consist of 492,920,836 ordinary shares.
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Blencowe Resources Plc (LSE: BRES) announces that Executive Chairman Cameron Pearce exercised share options in the Company.
The share options were issued on 16 December 2021, with a 6p exercise price and a term of five years to maturity. Cameron Pearce was issued 1,500,000 options respectively and is exercising 500,000 at 6p, resulting in proceeds of approximately £30,000 for the Company.
| Holdings on Admission Director | Share Options Granted | Exercise Cost at 6p | Current Holdings | Holdings on Admission* | % Holdings on Admission* |
|---|---|---|---|---|---|
| Cameron Pearce | 500,000 | £30,000 | 16,516,667 | 17,016,667 | 3.40 |
Admission and Total Voting Rights
An application has been made for 500,000 new ordinary shares to be admitted to trading on the Equity Shares (Transition) category of the official list and the main market of the London Stock Exchange from 8.00 a.m. 8th of June 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 492,920,836 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 | Reason for the notification | |
| a) | Position/status | 1. 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. 0.06 1. 500,000 |
| d) | Aggregated information - Aggregated volume - Price | N/A £0.06 |
| e) | Date of Transaction | |
| f) | Place of transaction | London Stock Exchange |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.