Directors' Deferred Remuneration & Issue of Equity
Nativo Resources Plc has issued 6,858,710 Ordinary Shares to Executive Directors Christian Yates and Stephen Birrell at £0.005832 per share, an 8% premium, to settle £15,000 and £25,000 of outstanding salaries respectively. Following this, Mr. Yates will hold 1.17% and Mr. Birrell 1.92% of the issued share capital. Additionally, both directors have been awarded 25,162,531 options each under the EMI Scheme, exercisable at £0.0054, vesting in 2029 and expiring in 2031, to align their long-term interests with shareholders. The company's total voting rights will increase to 635,922,000 following the admission of these new shares on February 11, 2026.
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Directors' Deferred Remuneration
Issue of Equity
Award of Options
Director / PDMR Dealings
Nativo Resources plc (LON:NTVO), a gold-focused mining company with interests in Peru, announces that it has issued 6,858,710 Ordinary Shares (the "Director Salary Shares") to Christian Yates and Stephen Birrell, the Executive Directors of the Company, at an agreed share price of £0.005832 per new Ordinary Share, representing an 8% premium to the closing market price of the Company's shares on 3 February 2026.
Accordingly, Mr Yates will subscribe for 2,572,016 Ordinary Shares in lieu of £15,000 of salary owing, and Mr Birrell will subscribe for 4,286,694 Ordinary Shares in lieu of £25,000 of salary owing.
Following the issuance of shares, Mr Yates will be interested in 7,339,660 Ordinary Shares (1.17 per cent of the issued share capital) and Mr Birrell will be interested in 12,080,357 Ordinary Shares in the Company (1.92 per cent of the issued share capital).
Award of Options
The Executive Directors have also been awarded options under the Company's EMI Scheme to further align the long-term interests of the Executive with shareholders.
Schedule of Directors Options
| DIRECTOR | ROLE | DATE OF GRANT | NO. OPTIONS GRANTED | EXERCISE PRICE * | VESTING DATE | EXPIRY DATE |
|---|---|---|---|---|---|---|
| Stephen Birrell | Chief Executive Officer | 04.02.2026 | 25,162,531 | £0.0054 | 04.02.2029 | 04.02.2031 |
| Christian Yates | Executive Chairman | 04.02.2026 | 25,162,531 | £0.0054 | 04.02.2029 | 04.02.2031 |
*Being the closing price of the Company's Ordinary Shares on 3 February 2026
Related Party Transaction
The issuance of shares and award of options to the Directors referred to above is classified as a related party transaction for the purposes of the AIM Rules. Andrew Donovan, being the sole independent director, confirms that he considers that the terms of the transaction are fair and reasonable insofar as the Company's Shareholders are concerned.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for 6,858,710 Director Salary Shares to be admitted to trading on AIM ("Admission") and it is expected that such Admission will take place at 8.00 a.m. on or around 11 February 2026.
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 above Director Salary Shares, its issued Ordinary Share capital will comprise 635,922,000 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 635,922,000. 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.
X (Twitter): https://x.com/nativoresources
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Stephen Birrell |
| 2. | Reason for notification | |
| a) | Position/Status | Chief Executive Officer |
| b) | Initial notification/ Amendment | Initial notification |
| a) | Name | Nativo Resources Plc |
| b) | LEI | 2138006SNII7SKIGG445 |
| a) | Description of the financial instrument, type of instrument Identification Code | i) Ordinary shares of GBP0.0015 per share par value ii) Options over Ordinary Shares ISIN: GB00BRYPS729 |
| b) | Nature of the transaction | Issue of Ordinary Shares and Options over Ordinary Shares |
| c) | Price(s) and volume(s) | |
| Price | Volume | |
| (i) £0.005831 per share (ii) £0.0054 per option | (i) 4,286,694 (ii) 25,162,531 | |
| d) | Aggregated information - Aggregated Volume - Price | As above |
| e) | Date of the transaction | 4 February 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Christian Yates |
| 2. | Reason for notification | |
| a) | Position/Status | Executive Chairman |
| b) | Initial notification/ Amendment | Initial notification |
| a) | Name | Nativo Resources plc |
| b) | LEI | 2138006SNII7SKIGG445 |
| a) | Description of the financial instrument, type of instrument Identification Code | i) Ordinary shares of GBP0.0015 per share par value ii) Options over Ordinary Shares |
| b) | Nature of the transaction | Issue of Ordinary Shares and Options over Ordinary Shares |
| c) | Price(s) and volume(s) | |
| Price | Volume | |
| (i) £0.005831 per share (ii) £0.0054 per option | (i) 2,572,016 (ii) 25,162,531 | |
| d) | Aggregated information - Aggregated Volume - Price | As above |
| e) | Date of the transaction | 4 February 2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.