Cancellation of Options & Replacement Reward
Goldplat plc has announced the cancellation of 1,000,000 CEO options, originally exercisable at 6p, and replaced them with a cash award of £92,570. This award reflects the intrinsic value of the options based on the company's volume weighted average price over the ten trading days ending July 2, 2026, less a discount. The decision aims to mitigate shareholder dilution and reduce potential share price volatility associated with future share sales.
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Goldplat plc, the AIM-listed gold producer, announces that the board has resolved to cancel the 1,000,000 options held by Werner Klingenberg, Goldplat's CEO, with an option price of 6p, which were awarded and announced on 28 May 2024. The options were originally due to expire on 30 June 2026; this expiry was subsequently extended by 20 days. In lieu of the options, the board has determined to replace the options with a cash award of £92,570.
The cash award has been determined by reference to the intrinsic value of the options, calculated using the Company's volume weighted average price over the 10 trading days ended 2 July 2026, less a discount. The cash award will form part of Mr Klingenberg's remuneration for FY26.
The decision was made to limit the dilution to existing shareholders from the issue of new shares and reduce any share price volatility from any subsequent sale of shares in the market.
| Werner Klingenberg | G o l dp l at p l c (C E O) | T e l : + 2 7 (0) 82 051 1071 |
| Colin Aaronson / Samantha Harrison / Ciara Donnelly | G r a n t T h o r n ton UK LLP ( N o m i n ated Ad v i s e r ) | T e l : + 4 4 ( 0 ) 20 73 8 3 5 1 0 0 |
| James Bavister / Andrew de Andrade | Zeus ( B ro ke r ) | Tel: +44 (0) 203 829 5000 |
| Tim Thompson / Mark Edwards / Fergus Mellon | Flagstaff Strategic and Investor Communications | Tel: +44 (0) 207 129 1474 goldplat@flagstaffcomms.com |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Werner Klingenberg |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Goldplat Plc |
| b) | LEI | 213800WJG4PAPXBRG516 |
| a) | Description of the financial instrument, type of instrument | Options over ordinary shares of 1 pence each |
| Identification code | ISIN: GB00B0HCWM45 | |
| b) | Nature of the transaction | Cancellation of options |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 6 pence | 1,000,000 | |
| d) | Aggregated information | |
| - Aggregated volume | N/A - single transaction | |
| - Price | N/A - single transaction | |
| e) | Date of the transaction | 3 July 2026 |
| f) | Place of the transaction | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.