Arc Minerals Limited — Director's Dealing 2021

Oct 27, 2021

National Storage Mechanism | Additional information

RNS Number : 4711Q

Arc Minerals Limited

27 October 2021

27 October 2021

Arc Minerals Ltd

('Arc Minerals' or the 'Company')

Grant of Options

Arc Minerals Limited announces the grant of options to Valentine Chitalu, Non-Executive Director of the Company, over 2,000,000 new ordinary shares of no par value ("Ordinary Shares") of the Company ("Share Options") with an exercise price of 4.5 pence per Ordinary Share, which represents an approximate 35% premium over the closing mid-market price of 3.33p on 26 October 2021. The Share Options are exercisable immediately and will expire on 27 October 2024.

Following this grant, the Share Options granted to Directors are as follows:

Director	Total Options currently outstanding
Caleb Mulenga	2,000,000
Valentine Chitalu	2,000,000
	4,000,000

Following the grant of the Share Options there will be a total of 17,833,334 share options over unissued Ordinary Shares, representing approximately 1.6% of the Company's current issued ordinary share capital of 1,115,031,627 Ordinary Shares.

Further details concerning the grant of Share Options to Mr Chitalu are set out below.

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

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:

Valentine Chitalu

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:

Arc Minerals Limited

b)

LEI:

213800XHFJVCC9GP2G75

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 no par value   

VGG045791016

b)

Nature of the transaction:

Grant of options over ordinary shares

c)

Price(s) and volume(s):

	Price(s)	Volume(s)
	4.50 pence	2,000,000

d)

Aggregated information:

Aggregated volume:

Price:

Single transactions as in 4 c) above

Price(s)	Volume(s)
4.50 pence	2,000,000

e)

Date of the transaction:

2021-10-27

f)

Place of the transaction:

Outside a trading venue

**ENDS**

Contacts

Arc Minerals Ltd Nick von Schirnding (Executive Chairman)	+44 (0) 20 7917 2942
SP Angel (Nominated Adviser & Joint Broker) Ewan Leggat / Adam Cowl	+44 (0) 20 3470 0470
WH Ireland Limited (Joint Broker) Harry Ansell / Katy Mitchell	+44 (0) 20 7220 1666

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