22 July 2024
Critical Mineral Resources PLC
('CMR' or the 'Company')
PDMR Dealing
Further to an announcement on 17 July 2024, Critical Mineral Resources PLC the exploration and resource development company focused on developing critical minerals resources in Morocco, announces the issue of ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at par to eligible employees under the CMR Equity Incentive Scheme.
Application is being made for 7,345,350 Ordinary Shares to be admitted to trading on the Main Market of the London Stock Exchange which is expected to occur at 8.00 a.m. on or around (Thursday 25 July 2024). The Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.
The shares are subject to forfeiture conditions as follows. The shares granted to each eligible employee will be divided by three - referred to as the first, second and third tranches. The first tranche will be released from forfeiture obligations if after 12 months the share price is 2.5p or higher, the second tranche will be released from forfeiture obligations if, after 24 months the share price is 3.5p or higher, and the third tranche will be released from forfeiture obligations if after 36 months the share price is 5.0p or higher.
Following Admission, the Company's enlarged issued share capital will be 80,798,859. The Company holds 2,666,666 ordinary shares in treasury and is not permitted to exercise voting rights attached to these shares. Therefore, Total Voting Rights (TVR) calculation should be based on the figure of 78,132,193. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Director Participation
The Directors of the Company form part of the eligible employees under the CMR Equity Incentive Scheme. Details of the issue to the Directors are as follows:
| Name | Existing Shareholding | % | Number of equity incentive shares | Shareholdings on Admission | Percentage of issued share capital on Admission | Percentage of TVR on Admission |
| Charles Long | - | - | 2,203,605 | 2,203,605 | 2.73% | 2.82% |
| Dominic Traynor | 650,000 | 0.88% | 2,203,605 | 2,853,605 | 3.53% | 3.65% |
| Noureddine Sabraoui | - | - | 2,203,605 | 2,203,605 | 2.73% | 2.82% |
| Russell Thomson | 6,000,000 | 8.17% | 734,535 | 6,734,535 | 8.33% | 8.62% |
Notification and public disclosure of transaction by person discharging managerial responsibilities
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||||
| a. | Name | | 1) Charles Long 2) Dominic Traynor 3) Noureddine Sabraoui 4) Russell Thomson | ||||||||||
| 2 | Reason for notification | | | ||||||||||
| a. | Position/Status | | 1) Director 2) Director 3) Director 4) Director | ||||||||||
| b. | Initial notification/ Amendment | | Initial notification | ||||||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||||
| a. | Name | | Critical Mineral Resources PLC | ||||||||||
| b. | LEI | | 8945007F59CSJFZGR252 | ||||||||||
| 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 |
| Ordinary shares of £0.01 ISIN Code: GB00BMDQ4L78 | ||||||||||
| b. | Nature of the transaction | | participation in subscription and shares issued in lieu of salary or fees | ||||||||||
| c. | Price(s) and volume(s) | |
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| d. | Aggregated information - Aggregated Volume - Price | |
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| e. | Date of the transaction | | 19 July 2024 | ||||||||||
| f. | Place of the transaction | | London Stock Exchange | ||||||||||
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