Grant of Options
Richmond Hill Resources PLC has granted options over 31,000,000 new ordinary shares to certain directors at an exercise price of 2 pence per share, representing a 30% premium to the mid-closing price on April 24, 2026. These options, which vest immediately and expire in two years, represent approximately 4.2% of the company's current issued share capital. Following this grant, the total number of outstanding options is 63,262,071, equating to 8.6% of the issued share capital.
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Richmond Hill Resources PLC (AIM: RHR) announces the grant of options to certain directors of the Company.
Grant of Options
Options over a total of 31,000,000 new ordinary shares in the Company ("Ordinary Shares") were awarded on 27 April 2026 at an exercise price of 2 pence per new Ordinary Share (being a premium of approximately 30 per cent over the mid closing price on 24 April 2026) (the “Options"). The Options vest immediately and will expire in approximately 2 years from the date of grant.
The Options represent approximately 4.2 per cent. of the Company's current issued ordinary share capital. The Options have been issued to certain directors of the Company as set out in the table below.
| Name | Position | Date of Issue | Options | Exercise Price | Expiry date |
|---|---|---|---|---|---|
| Hamish Harris | CEO | 27/04/2026 | 25,000,000 | 2 pence | 31/03/2028 |
| Sheldon Modeland | Non-Executive Director | 27/04/2026 | 3,000,000 | 2 pence | 31/03/2028 |
| David Tink | Non-Executive Chairman | 27/04/2026 | 3,000,000 | 2 pence | 31/03/2028 |
Following the issue of the Options, as at the date of this announcement there are a total of 63,262,071 options over Ordinary Shares in issue, representing 8.6% of the current issued share capital of the Company.
| a) | Name | Richmond Hill Resources plc |
| b) | LEI | 2138009XFT53PKLIH113 |
| a) | Description of the financial instrument, type of instrument Identification code | Options over new ordinary shares of 0.1 pence each GB00BNTBWF32 |
| b) | Nature of the transaction | Options awarded |
| c) | Price(s) and volume(s) | Price(s) Volume(s) A 2 pence 25,000,000 B 2 pence 3,000,000 C 2 pence 3,000,000 |
| d) | Aggregated information - Aggregated volume - Price | See above |
| e) | Date of transaction | 27 April 2026 |
| f) | Place of transaction | London Stock Exchange |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.