ZINNWALD LITHIUM PLC

Remuneration Information • Mar 23, 2023

National Storage Mechanism | Additional information

RNS Number : 9976T

Zinnwald Lithium PLC

23 March 2023

23 March 2023

Zinnwald Lithium plc

("Zinnwald Lithium" or the "Company")

Issuance of RSUs and Options

Zinnwald Lithium plc (AIM: ZNWD), the German focussed lithium development company, announces the grant of a total of 3,406,780 Restricted Share Units ("RSUs") and 2,450,000 Options under the Company's Long-Term Incentive Plans relating to performance in 2022 as detailed in the 2022 Annual Accounts published on 22 March 2023.

The RSUs being granted to Executive Management under the terms of the RSU Scheme, approved by shareholders in October 2020, relate to the second performance period that ran from 1 January 2022 to 31 December 2022.   The RSUs will vest two years from the date of grant, being 23 March 2025, and the related shares (or cash alternative at the Company's discretion) will be issued on that date.  The RSUs are being granted to Executive Management on the following basis:

Name	Role	No of RSUs	Grant Date	Vesting Date
Anton du Plessis	CEO	2,135,593	23 March 2023	23 March 2025
Cherif Rifaat	CFO	1,271,186	23 March 2023	23 March 2025
Total		3,406,780

The 2,450,000 Options have been granted to employees, consultants and Directors under the terms of the Scheme put in place at the time of the Company's original IPO in 2017. These Options to acquire ordinary shares in the capital of the Company have been granted at a price of 10.41p being the price of the Fundraise that was announced on 22 March 2023.  Such options vest as to 1/3 on the date of grant and an additional 1/3 on each of the first and second anniversaries of the date of grant and are exercisable for a period of five years. The Options are being granted on the following basis:

Name	Role	No of Options	Issue Price	Grant Date	Expiry Date
Jeremy Martin	Non-Executive Chairman	350,000	£0.1041	23 March 2023	23 March 2028
Graham Brown	Non-Executive Director	250,000	£0.1041	23 March 2023	23 March 2028
Peter Secker	Non-Executive Director	250,000	£0.1041	23 March 2023	23 March 2028
Employees and Consultants		1,600,000	£0.1041	23 March 2023	23 March 2028
Total		2,450,000

On issuance of these awards, the total number of RSUs in issue will be 5,316,310 and the total number of Options will be 6,650,000. 

For further information contact:

Anton du Plessis	Zinnwald Lithium plc	info@zinnwaldlithium.com
John Depasquale Dan Dearden-Williams	Allenby Capital Limited (Nominated Adviser)	+44 (0) 20 3328 5656
Mike Seabrook Adam Pollock	Oberon Capital (Joint Broker)	+44 (0) 20 3179 5344 +44 (0) 20 3179 5315
Richard Greenfield Charles Bendon	Tamesis Partner LLP (Co-Broker to the Placing)	+44 (0) 20 3882 2868
Isabel de Salis Paul Dulieu	St Brides Partners (Financial PR)	info@stbridespartners.co.uk

Notes

Zinnwald Lithium plc (EPIC: ZNWD.L) is an AIM quoted, German focused lithium development company focussed on becoming an important supplier to Europe's fast-growing battery sector. The Company owns the Zinnwald Lithium Project in Germany, an advanced development project with attractive economics and approved mining licence.  Its PEA, published in September 2022 highlighted the positive economics of the Project with a Pre-tax NPV8 of US$1,605m, IRR of 39.0%, $192m EBITDA and a payback of just 3.3 years.  The Project is located in the heart of Europe's chemical and automotive industries and has the potential to be one of Europe's more advanced battery grade lithium projects.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Name	Position
Anton du Plessis	CEO
Cherif Rifaat	CFO

2

Reason for the notification

a)

Position/status

See 1a)

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Zinnwald Lithium plc

b)

LEI

213800LXW3HPZ7ZSBE37

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

RSUs in relation to ordinary shares of GBP0.01 each in Zinnwald Lithium plc (or cash alternative at the Company's discretion)

Identification code (ISIN) for Zinnwald Lithium plc ordinary shares: GB00BFN4GY99

b)

Nature of the transaction

Grant of RSUs

c)

Price(s) and volume(s)

Name	Price(s)	Volume(s)
Anton du Plessis	n/a	2,135,593
Cherif Rifaat	n/a	1,271,186

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

23 March 2023

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Name	Position
Jeremy Martin	Non-Executive Chairman
Graham Brown	Non-Executive Director
Peter Secker	Non-Executive Director

2

Reason for the notification

a)

Position/status

See 1a)

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Zinnwald Lithium plc

b)

LEI

213800LXW3HPZ7ZSBE37

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

Options over ordinary shares of GBP0.01 each in Zinnwald Lithium plc

Identification code (ISIN) for Zinnwald Lithium plc ordinary shares: GB00BFN4GY99

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

Name	Price(s)	Volume(s)
Jeremy Martin	£0.1041	350,000
Graham Brown	£0.1041	250,000
Peter Secker	£0.1041	250,000

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

23 March 2023

f)

Place of the transaction

Outside a trading venue

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