Grant of Share Options
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your FAR notes
Ferro-Alloy Resources Limited (LSE:FAR), the vanadium producer and developer of the large Balasausqandiq vanadium deposit in Southern Kazakhstan, today announces that it has granted options over 500,000 ordinary shares in the Company ("Options") under the Company's share option scheme to both William Callewaert, Chief Financial Officer of the Company, and Andrey Andreyevich Kuznetsov, Deputy Director General of the Company's operating subsidiary, TOO Firma Balausa, and part of the Group's senior management team.
The Options are exercisable on the third anniversary from the date of grant ("Exercise Date") and are exercisable for a period of two years commencing on the Exercise Date. The Options have an exercise price of 6.65 pence being the closing mid-market price of the Company's ordinary shares as quoted on the main market of the London Stock Exchange on the last business day before the date of grant (1 May 2025).
| Name | Options Granted | Exercise Price | E xercise Date | Total options held post grant |
|---|---|---|---|---|
| William Callewaert | 500,000 | 6.65p | 2 May 2028 | 1,000,000 |
| Andrey Andreyevich Kuznetsov | 500,000 | 6.65p | 2 May 2028 | 1,000,000 |
The notification below is made in accordance with the requirements of article 19 of MAR and provides further details, including as to awards granted to persons discharging managerial responsibility, which has been updated accordingly.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a. | Name | William Callewaert | ||||
| 2. | Reason for the notification | |||||
| a. | Position/status | Chief Financial Officer | ||||
| b. | Initial notification/Amendment | Initial notification | ||||
| a. | Name | Ferro-Alloy Resources Limited | ||||
| b. | LEI | 2138003T5CF6U9W7Z780 | ||||
| a. | Description of the Financial instrument, type of instrument Identification code | Ordinary Shares NPV GG00BGDYDZ69 | ||||
| b. | Nature of the transaction | Grant of S hare Options | ||||
| c. | Price(s) and volume(s) |
| ||||
| d. | Aggregated information - Aggregated volume - Price | 500,000 6.65 pence | ||||
| f. | Place of the transactions | Outside a trading venue |
The notification below is made in accordance with the requirements of article 19 of MAR and provides further details, including as to awards granted to persons discharging managerial responsibility, which has been updated accordingly.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a. | Name | Andrey Andreyevich Kuznetsov | ||||
| 2. | Reason for the notification | |||||
| a. | Position/status | Senior management team | ||||
| b. | Initial notification/Amendment | Initial notification | ||||
| a. | Name | Ferro-Alloy Resources Limited | ||||
| b. | LEI | 2138003T5CF6U9W7Z780 | ||||
| a. | Description of the Financial instrument, type of instrument Identification code | Ordinary Shares NPV GG00BGDYDZ69 | ||||
| b. | Nature of the transaction | Grant of S hare Options | ||||
| c. | Price(s) and volume(s) |
| ||||
| d. | Aggregated information - Aggregated volume - Price | 500,000 6.65 pence | ||||
| f. | Place of the transactions | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.