12 March 2025
Rockfire Resources plc
("Rockfire" or the "Company")
Issue of Fee Shares
Director/PDMR Shareholding
Rockfire Resources plc (LON: ROCK), the base metal, critical mineral and precious metal exploration company, announces that 9,821,438 new ordinary shares in the Company (the "Fee Shares") have been issued to Patrick Elliott instead of cash for his services as a Non-Executive Director of the Company and a member of the Audit and Remuneration Committees for the period 1 January 2024 to 30 June 2024, in lieu of director and committee fees.
The Fee Shares are being issued in accordance with the service agreement between Patrick Elliott and the Company, whereby he agreed to accept his annual remuneration as new ordinary shares in the Company. Under the terms of his service agreement, the shares become due at the end of each quarter and will be allotted by the Board on an ad-hoc basis.
The issue of 4,583,337 shares includes his director's remuneration for the period 1 January 2024 to 31 March 2024, plus his fees payable as a member of the Audit and Remuneration committees for that quarter. The issue price is £0.0024 per share, calculated using the closing mid-market price per share on the final trading day of that quarter.
The issue of 5,238,100 shares includes his director's remuneration for the period 1 April 2024 to 30 June 2024, plus his fees payable as a member of the Audit and Remuneration committees for that quarter. The issue price is £0.0021 per share, calculated using the closing mid-market price per share on the final trading day of that quarter.
Application has been made for the admission of the 9,821,438 Fee Shares to trading on AIM ("Admission"). It is anticipated that Admission will become effective on or around 8.00 a.m. on or around 18 March 2025.
On Admission, Patrick Elliott will have an interest in 68,491,761 shares, representing approximately 1.66 per cent. of the issued share capital of the Company, as enlarged by the Fee Shares. The FCA notification, made in accordance with the requirements of the UK 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 4,132,442,063. 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: | |
| David Price, Chief Executive Officer Gordon Hart, Chairman | |
| | |
| Allenby Capital Limited (Nominated Adviser & Broker): | Tel: +44 (0) 20 3328 5656 |
| John Depasquale / Dan Dearden-Williams (Corporate Finance) | |
| Guy McDougall/ Kelly Gardiner (Sales and Corporate Broking) | |
Notes to Editors
Rockfire Resources plc (LON: ROCK) is a gold, base metal and critical mineral exploration company, with a high-grade zinc/lead/silver/germanium deposit in Greece and a portfolio of gold/copper/silver projects in Queensland Australia.
· The Molaoi deposit in Greece has a JORC Inferred Mineral Resource of 15 million tonnes @ 7.26 % Zn, 1.75 % Pb and 39.5 g/t Ag, for 1.5 million tonnes of ZnEq. This resource uses a 4% low-grade cut, and equates to 1.09 million tonnes of zinc, 260,000 tonnes of lead and 19.1 million ounces of silver.
· The Plateau deposit in Queensland has a JORC resource of 131,000 ounces of gold and 800,000 ounces of silver, using a 0.5g/t Au cut off. 53,000 of these ounces lie within the top 100m from surface. Plateau is subject to a joint venture with ASX-listed Sunshine Metals Ltd (ASX:SHN).
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:
| ||||||
| b) | Nature of the transaction | Issue of ordinary shares in consideration of payment of director fees
| ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
As above | ||||||
| e) | Date of the transaction | 12 March 2025
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| f) | Place of the transaction | Outside a trading venue | ||||||
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