Grant of Share Options
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Rockfire Resources plc (LON: ROCK), the base metal, precious metal and critical mineral exploration company, announces that options to subscribe for 57,000,000 new ordinary shares in the Company (the "Ordinary Shares") were granted on 19 December 2024 to the Directors at an exercise price of 0.32 pence per Ordinary Share, being the double the mid-market closing price on 19 December 2024 of 0.155 plus 0.01 pence, in accordance with the terms of the Directors' service agreements. The options have a term of three years and any unexercised options will expire at midnight on 19 December 2027.
The options granted will result in an increase from 0 to 57,000,000 in the number of outstanding options over Ordinary Shares, representing approximately 1.45% of the Company's issued share capital.
The options vested immediately upon issue.
The grants made are as follows:
| Directors | No. of options | Exercise price | Option expiry date | Total no. of options now held |
|---|---|---|---|---|
| David Price | 15,000,000 | 0.32 pence | 19 December 2027 | 15,000,000 |
| Gordon Hart | 15,000,000 | 0.32 pence | 19 December 2027 | 15,000,000 |
| Ian Staunton | 9,000,000 | 0.32 pence | 19 December 2027 | 9,000,000 |
| Nicholas Walley | 9,000,000 | 0.32 pence | 19 December 2027 | 9,000,000 |
| Patrick Elliott | 9,000,000 | 0.32 pence | 19 December 2027 | 9,000,000 |
| Total | 57,000,000 | 57,000,000 | ||
| Rockfire Resources plc : | info@rockfire.co.uk | |||
| David Price, Chief Executive Officer | ||||
| Allenby Capital Limited (Nominated Adviser & Broker): | Tel: +44 (0) 20 3328 5656 | |||
| John Depasquale / George Payne (Corporate Finance) | ||||
| Guy McDougall / Kelly Gardiner (Sales and Corporate Broking) | ||||
| 2 | Reason for the notification | |||
| a) | Position/status | See 1a) | ||
| b) | Initial notification /Amendment | Initial notification | ||
| a) | Name | Rockfire Resources plc | ||
| b) | LEI | 213800THSZQSFKTXOI24 | ||
| a) | Description of the financial instrument, type of instrument Identification code | Options over ordinary shares of 0.1 pence each in Rockfire Resources plc GB00B42TN250 | ||
| b) | Nature of the transaction | Grant of options over ordinary shares | ||
| c) | Price(s) and volume(s) | Name Volume(s) Price(s) 1) Gordon Hart 15,000,000 0.32 pence 2) David Price 15,000,000 0.32 pence 3) Ian Staunton 9,000,000 0.32 pence 4) Patrick Elliott 9,000,000 0.32 pence 5) Nicholas Walley 9,000,000 0.32 pence | ||
| d) | Aggregated information - Aggregated volume - Price | n/a | ||
| e) | Date of the transaction | 19 December 2024 | ||
| f) | Place of the transaction | Outside a trading venue | ||
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