TIDMRGM
RNS Number : 4991B
Regency Mines PLC
31 January 2020
Regency Mines PLC
("Regency" or the "Company")
New Investor Presentation,
Company Secretary Appointment,
Directors Dealings & TVR
31 January 2020
Regency Mines Plc (LON: RGM) the battery metals and energy
storage company announces the release of a new investor
presentation, which is immediately available at the Company's
website.
The Company also announces the appointment of a new Company
Secretary and the issue of 481,662 ordinary shares, 3,040,567
options and 438,596 warrants further to commitments made prior to
the recent restructuring as announced on 5 December 2019, but only
executed now due to the Company being out of a close period.
Investor Presentation
The Company has released a revised investor presentation, which
sets out its strategy across the battery metals and flexible energy
space. A full corporate rebranding is expected to occur during the
course of 2020, likely timed to coincide with the Company's first
material asset transaction.
Company Secretary Appointment
The Company also announces the appointment, with immediate
effect, of AMBA Secretaries Limited, as Company Secretary.
Director Legacy Remuneration Shares and Issue of Warrants
Nigel Burton and Ewen Ainsworth joined Regency Mines as a
Director on 24 June 2019 under an arrangement where 42.5% and 48.6%
of their respective annual Directors' fee was to be paid in shares.
Accordingly, to clear historic balances the Company has issued
122,312 new ordinary shares to Mr. Burton and 190,929 new ordinary
shares to Mr Ainsworth for the period from June 2019 to December
2019 (of the 190,929 shares awarded to Mr Ainsworth, 141,901 new
ordinary shares have been issued to Discovery Energy Limited a
company controlled by Mr Ainsworth). This deals with all
outstanding legacy issues and the Non-Executive Directors of the
Company are now being remunerated on normal market terms.
Consistent with the Company's strategy of preserving its cash
balances, a further 168,421 shares and 438,596 warrants (at
yesterday's closing price of GBP0.0285 have been awarded to
consultants and advisors for services to be provided during
2020.
CEO Option Awards
The Company has awarded Scott Kaintz, Chief Executive Officer,
3,040,567 three-year vest, five-year expiry options under the
Company's Enterprise Management Scheme, to purchase new ordinary
shares of the Company at yesterday's closing price of GBP0.0285.
These options carry performance criteria under which vesting can be
accelerated. These options were unable to be awarded as part of the
recent restructuring due to the Company being in a close
period.
Director Shareholdings
The Fee Shares and options issued to Directors have been
included in the table below, which sets out the total shareholding
and interests of three of the Company's Directors in the enlarged
share capital of the Company.
Director Direct Indirect Total % Warrants Options
Nigel Burton 122,312 - 122,312 0.14% - -
Ewen Ainsworth 190,929* - 190,929 0.21% - -
Scott Kaintz 125,967 132,144 258,111 0.29% 125,758 3,164,767
----------------- --------- --------- -------- ------ --------- ----------
*141,901 shares have been issued to Discovery Energy Ltd, a
company controlled by Mr. Ainsworth
Admission to trading on AIM and Total Voting Rights
Application is being made to AIM for new Ordinary Shares to be
admitted to trading on AIM. Admission of the 481,662 new Ordinary
Shares is expected on or around 6 February 2020.
Following the issue of the 481,662 new Ordinary Shares, the
issued share capital of the Company consists of 89,816,552 ordinary
shares of GBP0.0001 each with voting rights. No Ordinary Shares are
held in Treasury.
The above figure of 89,816,552 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 Company under the Disclosure and Transparency
Rules.
For further information, please contact:
Scott Kaintz 020 7747 9960 Director Regency Mines Plc
Roland Cornish/ Rosalind Hill Abrahams 020 7628 3396 NOMAD Beaumont Cornish Limited
Jason Robertson 020 7374 2212 Broker First Equity Limited
This announcement contains inside information under Article 7 of
Regulation (EU) 596/2014.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. Nigel Burton
2. Ewen Ainsworth
3. Scott Kaintz
------------------------------ ---------------------------------------------------
2 Reason for notification
-----------------------------------------------------------------------------------
a) Position / status 1. Non-Executive Director
2. Non-Executive Director
3. Executive Director
------------------------------ ---------------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------ ---------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auctionplatform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name Regency Mines plc
------------------------------ ---------------------------------------------------
b) LEI LEI: 2138009ECXQQ3EGKVY57
------------------------------ ---------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i)
each type ofinstrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------------------
a) Description of the 313,241 ordinary shares of GBP0.0001 each
financial instrument, in Regency Mines Plc.
type of instrument
Identification ISIN GB00BKM69866
code
3,040,567 three-year vest, five-year expiry
options under the Company's Enterprise Management
Scheme, to purchase new ordinary shares of
Regency Mines Plc at GBP0.0285 per share.
------------------------------ ---------------------------------------------------
Nature of the transaction Directors' fees
------------------------------ ---------------------------------------------------
c) Price(s) and volumes(s) Name(s) Price(s) Volumes(s)
Nigel Burton GBP0.043186 122,312
------------------ -----------
Ewen Ainsworth GBP0.044271 190,929
------------------ -----------
Option exercise
price GBP0.0285
Scott Kaintz per share 3,040,567
------------------ -----------
------------------------------ ---------------------------------------------------
d) Aggregated information
* Aggregated Volume 313,241 ordinary shares
GBP0.043610
* Price N/A for options
* Aggregated Volume N/A for options
* Price
------------------------------ ---------------------------------------------------
e) Date of the transaction 31 January 2020
------------------------------ ---------------------------------------------------
f) Place of the transaction Outside of trading venue
------------------------------ ---------------------------------------------------
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END
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