LONDON — Rockfire Resources Plc (LON: ROCK) said on Friday it granted 400 million new ordinary share options to directors and senior managers at an exercise price of 0.23 pence per share, more than double the mid-market closing price of 0.11 pence on August 21.
The options, issued under directors’ service agreements, carry a three-year term expiring on August 24, 2029, and are vested immediately upon issue. The transaction increases the company’s total outstanding share options from 232 million to 632 million, representing approximately 5.9% of Rockfire’s issued share capital.
The allocations include 70 million options each to Chairman Gordon Hart and CEO David Price, bringing their total holdings to 135 million each. Non-executive directors Ian Staunton, Patrick Elliott, and Nicholas Walley each received 30 million options, raising their totals to 64 million. Senior managers Christos Skevas, Georgios Skevas, George Vlachos, and Konstantinos Christodoulou were granted 50 million, 30 million, 30 million, and 30 million options respectively. A further 30 million options were issued to senior manager Steven Hunt.
Rockfire describes itself as a base metal, precious metal, and critical mineral exploration company with operations in Greece and Queensland, Australia. Its Greek assets include a zinc, lead, silver, and germanium deposit, while its Australian portfolio comprises gold, copper, and silver projects.
