ZINNWALD LITHIUM PLC

Remuneration Information • Jan 17, 2022

National Storage Mechanism | Additional information

RNS Number : 5599Y

Zinnwald Lithium PLC

17 January 2022

17 January 2022

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 1,909,530 Restricted Share Units ("RSUs") and 4,000,000 Options under the Company's Long-Term Incentive Plans. 

The RSUs being granted to Executive Management under the terms of the RSU Scheme, approved by shareholders in October 2020 as part of its reverse takeover transaction, relate to the first performance period that ran from 1 October 2020 to 31 December 2021.   The RSUs will vest two years from the date of grant, being 15 January 2024, and the related shares (or cash alternative at the Company's discretion) will be issued on that date.  Full details of the RSUs are set out in the Company's admission document dated 9 October 2020. 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	1,305,249	15 January 2022	15 January 2024
Cherif Rifaat	CFO	604,282	15 January 2022	15 January 2024
Total		1,909,531

The 4,000,000 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 18.10p, being the closing share price on 14 January 2022.  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	250,000	£0.1810	15 January 2022	15 January 2027
Graham Brown	Non-Executive Director	150,000	£0.1810	15 January 2022	15 January 2027
Peter Secker	Non-Executive Director	150,000	£0.1810	15 January 2022	15 January 2027
Employees and Consultants		3,450,000	£0.1810	15 January 2022	15 January 2027
Total		4,000,000

On issuance of these awards, the total number of RSUs in issue will be 1,909,531 and the total number of Options will be 5,900,000, which represents a combined 2.66 per cent. of the Company's current issued share capital. 

Change to Broker

The Company also announces that, with effect from 29 January 2022, Oberon Capital Limited shall be the sole broker for the Company on the expiry of a three month notice period with Turner Pope Investments (TPI) Ltd.  The Company would like to thank Turner Pope for all their work as Broker since the Company's IPO on AIM in December 2017.

For further information contact:

Anton du Plessis	Zinnwald Lithium plc	info@zinnwaldlithium.com
David Hart/Liz Kirchner	Allenby Capital Limited (Nominated Adviser)	+44 (0) 20 3328 5656
Mike Seabrook / Robert Hayward / Chris Crawford	Oberon Capital (Joint Broker)	+44 (0) 20 3179 5344 +44 (0) 20 3179 5315
James Pope/Andy Thacker	Turner Pope Investments (TPI) Ltd (Joint Broker)	+44 (0) 20 3657 0050
Isabel de Salis/Frank Buhagiar	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, a late-stage development project with attractive economics and approved mining licence.  A Feasibility Study, published in June 2019, highlighted a €428m pre-tax NPV, a pre-tax IRR of 27.4% and a 46% EBITDA margin for Zinnwald.  The project is located in the heart of Europe's chemical and automotive industries and has the potential to be one of Europe's most 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	1,305,249
Cherif Rifaat	n/a	604,282

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

15 January 2022

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	£0.1810	250,000
Graham Brown	£0.1810	150,000
Peter Secker	£0.1810	150,000

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

15 January 2022

f)

Place of the transaction

Outside a trading venue

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