Altona Rare Earths Plc - Grant of Options
PR Newswire
London, March 9
10 March 2021
ALTONA RARE EARTHS PLC
("Altona" or "the Company")
GRANT OF OPTIONS
Altona (AQSE: ANR.PL), a mining exploration company with a focus on Rare Earth Elements ("REE") mining projects in Africa, announces it has granted 1.1 million share options under the Company's existing share option scheme, created on 1 April 2016.
The Options have an exercise price of 12p per Ordinary Share, in-line with the recent warrants issue. The Options vest and are exercisable immediately from the date of grant and expire in three years from the date of grant. The Options granted represent approximately 6.7% per cent of the Company's issued share capital, following the issuance of all the Placing Shares in respect of the Placing which closed on 30 January 2021, and as enlarged by the exercise of the Options. The Options have been granted in the amounts set out below:
| Director | Position Held | Number of Options Issued |
| Christian Taylor-Wilkinson | Chief Executive | 450,000 |
| Martin Wood | Non-Executive Chairman | 250,000 |
| Cedric Simonet | Non-Executive Director | 100,000 |
| Audrey Mothupi | Non-Executive Director | 100,000 |
| Simon Tucker | Non-Executive Director | 100,000 |
| Orana Corporate LLP * | Company Secretary | 100,000 |
* Entity connected with Company Secretary - Anthony Eastman
As at 9 March, the Company has 14,413,040 shares in issue, with a further 884,621 to be issued within the next 30 days upon receipt of final funds from the January Placing; taking the total shares in issue to 15,297,661.
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For further information, please visit www.altonaenergy.com or contact:
Altona Rare Earths Plc
Christian Taylor-Wilkinson, Chief Executive +44 (0) 7795 168 157
Martin Wood, Non-Executive Chairman +44 (0) 7880 787 080
Alfred Henry Corporate Finance Ltd (AQSE Corporate Adviser )
Jon Isaacs / Nick Michaels +44 (0) 20 3772 0021
Company Information
Altona Rare Earths is a mining exploration company focused on the evaluation, rapid development and extraction of Rare Earth Element (REE) metals in Africa.
The Company was admitted to trading on AIM on 10 March 2005 and was subsequently admitted to Aquis Stock Exchange on 1 February 2019. A copy of its Admission documents dated 4 March 2005 can be accessed on its website, www.altonaenergy.com. This website is where items can be inspected under Rule 75 of the Aquis Rules for Issuers.
