ROCKFIRE RESOURCES PLC

Director's Dealing • Mar 10, 2020

National Storage Mechanism | Additional information

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RNS Number : 6365F

Rockfire Resources PLC

10 March 2020

10 March 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 3,530,691 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 from 26 February 2019 to 31 December 2019, in lieu of director fees.

The Fee Shares are being issued in accordance with the service agreement between Patrick Elliott and the Company. Under the terms of his service agreement, the Fee 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 of the Fee Shares is 0.57 pence per share, calculated using the closing mid-market price per ordinary share in the Company 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 13 March 2020. On Admission, Patrick Elliott will have an interest in 6,471,867 ordinary shares in the Company, representing approximately 1.02 per cent. of the Company's issued share capital as enlarged by the Fee Shares. 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 632,938,535. 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	Email: info@rockfireresources.com
David Price, Chief Executive Officer
Allenby Capital Limited (Nominated Adviser and Broker)	Tel: +44 (0) 20 3328 5656
John Depasquale/Asha Chotai

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)
0.775p 0.7p 0.31p 1.25p	258,064 857,143 1,935,484 480,000

d)

Aggregated information

- Aggregated volume

- Price

- aggregated volume - 3,530,691

- volume weighted average price - 0.57p

e)

Date of the transaction

10 March 2020

f)

Place of the transaction

Outside a trading venue

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