Exercise of Share Options
First Class Metals PLC announced that its Executive Director and CEO, Marc Sale, exercised 795,000 share options awarded on July 17, 2022, at an exercise price of 2.0 pence per ordinary share, costing an aggregate of £15,900. This exercise resulted in the issuance of 795,000 new ordinary shares, bringing the Company's total issued ordinary share capital to 425,071,349 shares, all of which carry equal voting rights. The new shares are expected to be admitted to trading on July 27, 2026.
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First Class Metals plc (LSE: FCM) (the "Company"), the Ontario focused gold and critical metals exploration company, is pleased to announce that Marc Sale, the Executive Director and CEO of the Company, has exercised 795,000 share options ("Options") awarded to him on 17 July 2022. Details of the exercise are set out below:
| Exercise of Share Options | Details |
|---|---|
| PDMR | Marc Sale, Executive Director & CEO |
| Date options awarded | 17 July 2022 |
| Number of options exercised | 795,000 |
| Exercise price | 2.0 pence per Ordinary Share |
| Aggregate exercise cost | £15,900 |
| Date of exercise | 21 July 2026 |
The Options were exercised at 2.0 pence per ordinary share, resulting in the issue of 795,000 new ordinary shares of £0.001 each in the Company (the "New Shares"). The New Shares will rank pari passu in all respects with the existing ordinary shares. Application has been made for the New Shares to be admitted to trading, with admission expected to occur on 27 July 2026.
Total Voting Rights
In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the New Shares, the Company's issued ordinary share capital will comprise 425,071,349 Ordinary Shares. All the ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 425,071,349.
The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or a change to their interest in, the Company.
Engage with us by asking questions, watching video summaries, and seeing what other shareholders have to say. Navigate to our Interactive Investor hub here: https://firstclassmetalsplc.com/link/rDEAxP
James Knowles, Executive Chair
Marc J Sale, CEO and Executive Director
AlbR Capital Limited (Financial Adviser)
David Coffman/Dan Harris
Axis Capital Markets (Broker)
Richard Hutchinson
Notification and public disclosure of transaction by person discharging managerial responsibilities
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a. | Name | Marc Sale |
| 2 | Reason for notification | |
| a. | Position/Status | Director & CEO |
| b. | Initial notification/ Amendment | Initial Notification |
| a. | Name | First Class Metals PLC |
| b. | LEI | 894500V981ZTFLGVOZ38 |
| a. | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of £0.001 each ISIN Code: GB00BPJGTF16 |
| b. | Nature of the transaction | Exercise of Share Options |
| c. | Price(s) and volume(s) | Price Volume 1) 2.0p 795,000 |
| d. | Aggregated information - Aggregated Volume - Price | Aggregated Volume =795,000 £0.02 |
| f. | Place of the transaction | London UK |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.