Grant of RSU's and Exercise of Options
Mineral & Financial Investments Limited (M&FI) announced the grant of 1,000,000 restricted share units (RSUs) to certain directors and employees, vesting over three years at a reference price of £0.23 per share. A company consultant exercised options for 350,000 ordinary shares at £0.135 each, resulting in the admission of these new shares to trading on AIM on August 21, 2025. Post-admission, the issued share capital will be 37,905,871 ordinary shares. The RSU grants to key individuals are detailed below: | Name | # RSUs Granted (2025) | # RSUs Currently Held | # Ordinary Shares Held | Total % Interest (Post-Issue) | |--------------------------|------------------------|-----------------------|-----------------------|-----------------------------| | Mark Brown (Chairman) | 100,000 | 275,000 | 0 | 1.0% | | Jacques Vaillancourt (CEO)| 700,000 | 400,000 | 7,044,000 | 21.5% | | Sean Keenan (NED) | 100,000 | 275,000 | 100,000 | 1.2% | | James Lesser (NED) | 100,000 | 0 | 357,009 | 1.2% |
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GEORGE TOWN, CAYMAN ISLANDS, August 20, 2025 - Mineral and Financial Investments Limited (LSE-AIM: MAFL) ("M&FI" or the "Company") is an London Stock Exchange AIM quoted Investment company focused on natural resource investments with an focus on mining and mineral sector by providing investment, financing and advisory services to its investee companies, announces the grant of Restricted Share Units ("RSU") to certain directors under its 2021 Restricted Share Unit Scheme ("2021 RSU Scheme"). Full details are set out in the Company's 2021 Annual General Meeting documentation and were approved by the shareholders of the Company at that AGM. The board notes that it has not granted any RSU's or Options since 2022.
Grant of Restricted Share Units ("RSU")
The RSU's have been issued over 1,000,000 ordinary shares to certain directors and employees. The RSU's will have a 5-year term and vest in three equal instalments over a three ("3") year vesting period, with a reference market price of 23.0p per Share being the share price on 12 August 2025. The effect of the RSU is that it is a future claim to draw down the underlying shares for the recipient which allows them to manage their personal finances accordingly. The PDMR's who received the RSU's are as follows:
| Name of PDMR | # of RSUs to be issued in this grant (2025) | # of RSU's currently held | # of Ordinary Shares currently held in the Company | Total % interest in the Company's shares (of both RSUs and Ordinary Shares) and after issue of the New Ordinary Shares referred to below |
|---|---|---|---|---|
| Mark Brown (Chairman) | 100,000 | 275,000 | Nil | 1.0% |
| Jacques Vaillancourt (CEO) | 700,000 | 400,000 | 7,044,000 [1] | 21.5% |
| Sean Keenan (NED) | 100,000 | 275,000 | 100,000 | 1.2% |
| James Lesser (NED) | 100,000 | - | 357,009 | 1.2% |
Exercise of Options
The Company announces that it has received a notice of exercise in respect of share options over 350,000 ordinary shares of 1.0p each in the Company at an exercise price of 13.50 pence by a consultant of the Company.
Application has been made for 350,000 new ordinary shares each in the Company ("New Ordinary Shares") to be admitted to trading on AIM. The New Ordinary Shares will rank pari passu with the Company's existing ordinary shares and it is expected that admission will occur at 8.00 a.m. on 21 August 2025.
Following admission of the New Ordinary Shares, the Company's issued ordinary share capital will comprise 37,905,871 ordinary shares, none of which are held in treasury. Therefore, the total number of ordinary shares with voting rights in following admission will be 37,905,871.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name: | Mark T. Brown |
| 2 | Reason for the notification | |
| a) | Position/status: | Non-Executive Chairman |
| b) | Initial notification /Amendment: | Initial |
| a) | Name: | Mineral and Financial Investments Limited |
| b) | LEI: | 213800XJN3E3OTYDCH82 |
| a) | Description of the financial instrument, type of instrument: | Ordinary shares |
| Identification code: | KYG6181G1055 | |
| b) | Nature of the transaction | Grant of restricted stock units ("RSU") |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 23.0p | 100,000 | |
| d) | Aggregated information | |
| - Aggregated volume | N/A | |
| - Price | ||
| e) | Date of the transaction | 20 August 2025 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name: | Jacques Vaillancourt |
| 2 | Reason for the notification | |
| a) | Position/status: | President & CEO |
| b) | Initial notification /Amendment: | Initial |
| a) | Name: | Mineral and Financial Investments Limited |
| b) | LEI: | 213800XJN3E3OTYDCH82 |
| a) | Description of the financial instrument, type of instrument: | Ordinary shares |
| Identification code: | KYG6181G1055 | |
| b) | Nature of the transaction | Grant of restricted stock units ("RSU") |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 23.0p | 700,000 | |
| d) | Aggregated information | |
| - Aggregated volume | N/A | |
| - Price | ||
| e) | Date of the transaction | 20 August 2025 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name: | Sean Keenan |
| 2 | Reason for the notification | |
| a) | Position/status: | Non-Executive Director |
| b) | Initial notification /Amendment: | Initial |
| a) | Name: | Mineral and Financial Investments Limited |
| b) | LEI: | 213800XJN3E3OTYDCH82 |
| a) | Description of the financial instrument, type of instrument: | Ordinary shares |
| Identification code: | KYG6181G1055 | |
| b) | Nature of the transaction | Grant of restricted stock units ("RSU") |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 23.0p | 100,000 | |
| d) | Aggregated information | |
| - Aggregated volume | N/A | |
| - Price | ||
| e) | Date of the transaction | 20 August 2025 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name: | James Lesser |
| 2 | Reason for the notification | |
| a) | Position/status: | Non-Executive Director |
| b) | Initial notification /Amendment: | Initial |
| a) | Name: | Mineral and Financial Investments Limited |
| b) | LEI: | 213800XJN3E3OTYDCH82 |
| a) | Description of the financial instrument, type of instrument: | Ordinary shares |
| Identification code: | KYG6181G1055 | |
| b) | Nature of the transaction | Grant of restricted stock units ("RSU") |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 23.0p | 100,000 | |
| d) | Aggregated information | |
| - Aggregated volume | N/A | |
| - Price | ||
| e) | Date of the transaction | 20 August 2025 |
| f) | Place of the transaction | Outside a trading venue |
[1] Total shares held by directly and indirectly via 100% ownership of Mount Everest Finance S.A.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.