ROCKFIRE RESOURCES PLC

Remuneration Information • Jul 7, 2020

National Storage Mechanism | Additional information

RNS Number : 2907S

Rockfire Resources PLC

07 July 2020

7 July 2020

Rockfire Resources plc

("ROCK", "Rockfire" or "the Company")

Issue of Fee Shares

Director/PDMR Shareholding

Rockfire Resources plc (LON: ROCK), the gold and base-metal focused explorer, announces that 1,690,909 new ordinary shares in the Company (the "Fee Shares") have been issued to Patrick Elliott for his services as Non-Executive Director of the Company for the period 01 January 2020 to 30 June 2020, in lieu of director fees.

The Fee Shares are being issued in accordance with the service agreement between Patrick Elliott and the Company, whereby he agreed to accept his annual remuneration as new ordinary shares in the Company. Under the terms of his service agreement, the shares became due at the end of each quarter and will be allotted by the Board on an ad-hoc basis. The volume weighted average issue price is 0.71 pence per share, calculated using the closing mid-market price per share on the final trading day of each quarter.

Application has been made for the admission of the Fee Shares to trading on AIM ("Admission"). It is anticipated that Admission will become effective at 8.00 a.m. on 14 July 2020. 

On Admission, Patrick Elliott will have an interest in 8,162,776 Shares, representing approximately 1.09 per cent. of the issued share capital of the Company, as enlarged by the Fee Shares and the placing as announced on 29 June 2020. The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation, is appended below.

Total Voting Rights

Following Admission, the total number of ordinary shares and voting rights in the Company will be 752,276,544. The Company does not hold any shares in treasury. From Admission, the above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules. 

For further information on the Company, please visit  www.rockfireresources.com  or contact the following: 

Rockfire Resources plc:	info@rockfireresources.com
David Price, Chief Executive Officer
Allenby Capital Limited (Nominated Adviser & Broker)	Tel: +44 (0) 20 3328 5656
John Depasquale / Asha Chotai
Matt Butlin / Guy McDougall
Yellow Jersey	rockfire@yellowjerseypr.com
Sarah Hollins / Henry Wilkinson / Faye Calow	Tel: +44 (0) 20 3004 9512

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.  

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Patrick Elliott

2

Reason for the notification

a)

Position/status

(Non-Executive Director) 

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Rockfire Resources plc

b)

LEI

213800THSZQSFKTXOI24

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares of 0.1p each

Identification code (ISIN) for Rockfire Resources plc ordinary shares:

GB00B42TN250

b)

Nature of the transaction

Issue of ordinary shares in consideration of payment of director fees

c)

Price(s) and volume(s)

Price(s)	Volume(s)
0.55p 1.00p	1,090,909 600,000

d)

Aggregated information

- Aggregated volume

- Price

- aggregated volume - 1,690,909

- volume weighted average price - 0.71p

e)

Date of the transaction

7 July 2020

f)

Place of the transaction

Outside a trading venue

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