Issue of Equity and Total Voting Rights
ECR Minerals PLC announced the issuance of 28,980,435 new ordinary shares at a price of 0.20 pence per share, equivalent to the price of the Company's subscription announced on October 1, 2025. This issuance is in lieu of remuneration for directors and consultants for the period from July 1, 2025, to September 30, 2025. Chairman Nick Tulloch will receive 11,250,000 shares in place of £22,500, while Non-Executive Directors Andrew Scott and Mike Parker will each receive 3,000,000 shares in place of £6,000. Consultants will receive a total of 11,730,435 shares in place of £23,460.87. Following admission, the company's issued ordinary share capital will comprise 2,673,493,389 Ordinary Shares. Admission to trading on AIM is expected around October 22, 2025.
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ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce the issue of new ordinary shares of 0.001 pence each in ECR (the "Ordinary Shares") in respect of the board of directors of ECR's (the "Board" or the Directors") ongoing remuneration policy, whereby each Director and certain consultants to the Company are remunerated partially through the issue of new Ordinary Shares.
Nick Tulloch, Chairman, will receive 11,250,000 new Ordinary Shares, as payment in lieu of £22,500 of his accrued remuneration for the period from 1 July 2025 to 30 September 2025. Andrew Scott and Mike Parker, Non-Executive Directors, will each receive 3,000,000 new Ordinary Shares, as payment in lieu of £6,000 of their accrued remuneration for the same period.
Certain consultants (including proposed director Chris Gibbs) and professional advisers will receive 11,730,435 new Ordinary Shares in total, as payment in lieu of an aggregate of £23,460.87 of their accrued remuneration and fees for the period from 1 July 2025 to 30 September 2025.
All of the new Ordinary Shares are to be issued at a price of 0.20 pence per new Ordinary Share being a price equal to the issue price of the Company's subscription announced on 1 October 2025.
PDMR dealings
Pursuant to the arrangements set out above, a total of 28,980,435 new Ordinary Shares will be issued by the Company. Following this issuance, the total numbers of Ordinary Shares that will be held following Admission (as defined below) by the Directors, as Persons Discharging Managerial Responsibility ("PDMRs") of the Company as at the date of this announcement, are as follows:
| Name | New Ordinary Shares to be issued | Total Ordinary Shares held in the Company following Admission | As a percentage of the Company's enlarged issued ordinary share capital following Admission |
|---|---|---|---|
| Nick Tulloch | 11,250,000 | 78,522,907 | 2.94% |
| Andrew Scott | 3,000,000 | 27,734,286 | 1.04% |
| Mike Parker | 3,000,000 | 10,042,581 | 0.38% |
| Total | 17,250,000 |
The FCA notification in respect of these PDMR dealings, made in accordance with the requirements of the UK Market Abuse Regulation, is appended further below.
Admission and Total Voting Rights
Application has been made for 28,980,435 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective on or around 22 October 2025. The 28,980,435 new Ordinary Shares will rank pari passu with the existing Ordinary Shares. Upon Admission, ECR's issued ordinary share capital will comprise 2,673,493,389 Ordinary Shares. This number will represent the total voting rights in the Company, and, following Admission may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
| 2 | Reason for the notification | |
| a) | Position/status | See above |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | ECR Minerals plc |
| b) | LEI | 213800PBXY96KXHISJ17 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 0.001p each in ECR Minerals plc Identification code (ISIN) for ECR Minerals plc ordinary shares: GB00BYYDKX57 |
| b) | Nature of the transaction | Issue of new Ordinary Shares in lieu of salary |
| c) | Price(s) and volume(s) | Name Price(s) Volume(s) Nick Tulloch 0.20 pence 11,250,000 Andrew Scott 0.20 pence 3,000,000 Mike Parker 0.20 pence 3,000,000 |
| d) | Aggregated information: - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 17 October 2025 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.