London-listed Rockfire Resources Plc (LON: ROCK) said on Monday it granted subscription options for 400 million new ordinary shares to directors and senior managers, effective August 24, 2026.
The options carry an exercise price of 0.23 pence per share, calculated as double the middle market closing price of 0.11 pence on August 21 plus 0.01 pence, in line with the terms of the directors' service contracts. The grants have a three-year term, expiring on August 24, 2029, and were acquired immediately upon issuance.
The transaction increases Rockfire's outstanding options over ordinary shares from 232 million to 632 million, representing approximately 5.9% of the company's issued share capital.
Chairman Gordon Hart and CEO David Price each received 70 million options, bringing their total holdings to 135 million options apiece. Non-executive directors Ian Staunton, Patrick Elliott, Nicholas Walley, and Steven Hunt were each allocated 30 million options, raising their respective totals to 64 million options.
Senior managers Christos Skevas, Georgios Skevas, George Vlachos, and Konstantinos Christodoulou received allocations of 50 million, 30 million, 30 million, and 30 million options, respectively.
Rockfire Resources is an exploration company focused on base metals, precious metals, and critical minerals, with operations in Greece and Queensland, Australia. Its assets include a zinc, lead, silver, and germanium deposit in Greece and gold, copper, and silver projects in Australia.
