Grant of Share Options
Ferro-Alloy Resources Limited has granted options over 1,000,000 ordinary shares to both its Chief Financial Officer, William Callewaert, and Deputy Director General Andrey Andreyevich Kuznetsov, with an exercise price of 5.5 pence, reflecting the closing mid-market price on April 30, 2026. These options are exercisable from the third anniversary of the grant date for two years and represent approximately 0.34% of the company's issued share capital.
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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 1,000,000 ordinary shares of nil par value in the Company ("Options") under the Company's previously approved 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 5.5 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 (30 April 2026).
The Options do not carry any performance-related vesting conditions other than the passage of time and continued employment by the Group.
The grant of the Options, in aggregate, represents approximately 0.34% of the Company's currently issued share capital.
| Name | Options Granted | Exercise Price | E xercise Date | Total options held post grant | ||||
| William Callewaert | 1,000,000 | 5.5p | 1 May 2029 | 2,000,000 | ||||
| Andrey Andreyevich Kuznetsov | 1,000,000 | 5.5p | 1 May 2029 | 2,000,000 | ||||
| a. | Name | William Callewaert | ||||||
| 2. | Reason for the notification | |||||||
| a. | Position/status | Executive director / 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 | 1,000,000 5.5 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 | 1,000,000 5.5 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.