Red Rock Resources plc has issued 24,512,229 ordinary shares each of £0.0001 in the company under a share incentive plan (SIP) for the 2022/23 tax year.
DIRECTORS
The move was agreed by the trustees in their meeting on 5 April 2023.
Four directors are participating in the shares purchase and award of 18,048,913 new ordinary shares under the SIP.
Chairman and chief executive Andrew Bell received 4,517,371 shares taking his total held to 56,348,386, or 2.84% of the enlarged issued share capital, with 25,880,000 warrants held.
Non-executive director (NED) Alexander Borelli received 4,517,371 shares to hold a total 5,364,429 (0.27%).
NED Scott Kaintz received 4,517,371 shares and now holds 25,103,596 (1.27%) with 17,840,000 warrants held.
NED Sam Quinn received 4,496,800 shares and now holds 22,682,991 (1.14%) with 3,450,000 warrants held.
A percentage of the shares are held on the directors’ behalf by Red Rock’s SIP trustees.
Following admission, the company’s total issued share capital will consist of 1,983,050,298 ordinary shares, each with one voting right. Red Rock holds no shares in treasury.