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CHESTERFIELD RESOURCES PLC
Remuneration Information • Jul 2, 2021
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 0684E
Chesterfield Resources PLC
02 July 2021
Chesterfield Resources / EPIC: CHF / Market: LSE / Sector: Mining
2 July 2021
Incentive Options
Chesterfield Resources plc has agreed to issue certain directors, employees and consultants with options over a total of 2,400,000 Ordinary Shares of 0.1p each in the capital of the Company. These options will vest immediately and will expire five years from the date of issue with an exercise price of 12p.
The options to be granted to director and PDMR's are set out below:
| Option holder | Position | Quantity |
| Neil O'Brien | PDMR | 1,000,000 |
| Ajay Kejriwal | Executive Director | 500,000 |
| Dave Cliff | Non-Executive Director | 250,000 |
| Paul Ensor | Non-Executive Director | 250,000 |
Said Executive Chairman Martin French "Incentive options are important in retaining key staff and focusing their attention on increasing shareholder value in all their decision-making. Unlike cash bonuses, options entail putting additional money into the business rather than taking it out. The company especially recognises the key role of Dr Neil O'Brien in identifying and helping secure the Adeline acquisition in Labrador."
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
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:
Ajay Kejriwal
2.
Reason for the notification
a)
Position/status:
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:
Chesterfield Resources Plc
b)
LEI:
213800EF8I2TT767IU35
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 0.1 pence
GB00BF2F1X78
b)
Nature of the transaction:
Grant of options over ordinary shares
c)
Price(s) and volume(s):
| Price(s) | Volume(s) |
| 12 pence | 500,000 |
d)
Aggregated information:
Aggregated volume:
Price:
Single transaction as in 4 c) above
| Price(s) | Volume(s) |
| 12 pence | 500,000 |
e)
Date of the transaction:
2021-07-02
f)
Place of the transaction:
Off-market
1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
Dave Cliff
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:
Chesterfield Resources Plc
b)
LEI:
213800EF8I2TT767IU35
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 0.1 pence
GB00BF2F1X78
b)
Nature of the transaction:
Grant of options over ordinary shares
c)
Price(s) and volume(s):
| Price(s) | Volume(s) |
| 12 pence | 250,000 |
d)
Aggregated information:
Aggregated volume:
Price:
Single transaction as in 4 c) above
| Price(s) | Volume(s) |
| 12 pence | 250,000 |
e)
Date of the transaction:
2021-07-02
f)
Place of the transaction:
Off-market
1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
Paul Ensor
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:
Chesterfield Resources Plc
b)
LEI:
213800EF8I2TT767IU35
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 0.1 pence
GB00BF2F1X78
b)
Nature of the transaction:
Grant of options over ordinary shares
c)
Price(s) and volume(s):
| Price(s) | Volume(s) |
| 12 pence | 250,000 |
d)
Aggregated information:
Aggregated volume:
Price:
Single transaction as in 4 c) above
| Price(s) | Volume(s) |
| 12 pence | 250,000 |
e)
Date of the transaction:
2021-07-02
f)
Place of the transaction:
Off-market
1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name:
Neil O'Brien
2.
Reason for the notification
a)
Position/status:
PDMR
b)
Initial notification/Amendment:
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name:
Chesterfield Resources Plc
b)
LEI:
213800EF8I2TT767IU35
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 0.1 pence
GB00BF2F1X78
b)
Nature of the transaction:
Grant of options over ordinary shares
c)
Price(s) and volume(s):
| Price(s) | Volume(s) |
| 12 pence | 1,000,000 |
d)
Aggregated information:
Aggregated volume:
Price:
Single transaction as in 4 c) above
| Price(s) | Volume(s) |
| 12 pence | 1,000,000 |
e)
Date of the transaction:
2021-07-02
f)
Place of the transaction:
Off-market
**ENDS**
For further information, please visit www.chesterfieldresourcesplc.com or contact:
| Chesterfield Resources plc: Martin French, Executive Chairman |
Tel: +44(0) 7901 552277 |
| Panmure Gordon (UK) Limited (Joint Broker): John Prior & Hugh Rich |
Tel: +44 (0)207 886 2500 |
| Fox-Davies Capital Limited (Broker): Daniel Fox-Davies |
Tel: +44 (0)20 3884 8450 |
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