ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, announces the issue of new ordinary shares of 0.001 pence each in ECR (the “Ordinary Shares”) in respect of the board of directors of ECR’s (the “Board” or the Directors”) ongoing remuneration policy, whereby each Director and certain advisers to the Company are remunerated partially through the issue of new Ordinary Shares.
Nick Tulloch, Chairman, will receive 7,933,709 new Ordinary Shares, as payment in lieu of £22,500 of his accrued remuneration for the period from 1 October 2025 to 31 December 2025. Andrew Scott, Mike Parker and Chris Gibbs, Non-Executive Directors, will each receive 2,115,655 new Ordinary Shares, as payment in lieu of £6,000 of their accrued remuneration for the same period.
Certain professional advisers will receive 3,113,962 new Ordinary Shares in total, as payment in lieu of an aggregate of £8,831 of their accrued remuneration and fees for the period from 1 October 2025 to 31 December 2025.
All of these new Ordinary Shares are to be issued at a price of 0.2836 pence per new Ordinary Share which was the volume weighted average share price for Ordinary Shares over the previous 14 days to 31 December 2025.
PDMR dealings
Pursuant to the arrangements set out above, a total of 17,394,636 new Ordinary Shares will be issued by the Company. Following this issuance, the total numbers of Ordinary Shares that will be held following Admission (as defined below) by the Directors, as Persons Discharging Managerial Responsibility (“PDMRs”) of the Company as at the date of this announcement, are as follows:
|
Name |
New Ordinary Shares to be issued |
Total Ordinary Shares held in the Company following Admission |
As a percentage of the Company’s enlarged issued ordinary share capital following Admission |
|
Nick Tulloch |
7,933,709 |
86,456,616 |
3.21% |
|
Andrew Scott |
2,115,655 |
29,849,941 |
1.11% |
|
Mike Parker |
2,115,655 |
12,158,236 |
0.45% |
|
Chris Gibbs |
2,115,655 |
2,996,090 |
0.11% |
|
Total |
14,280,674 |
The FCA notification in respect of these PDMR dealings, made in accordance with the requirements of the UK Market Abuse Regulation, is appended further below.
Admission and Total Voting Rights
Application has been made for 17,394,636 new Ordinary Shares to be admitted to trading on AIM (“Admission”) and it is expected that Admission will become effective on or around 8 January 2026. The 17,394,636 new Ordinary Shares will rank pari passu with the existing Ordinary Shares. Upon Admission, ECR’s issued ordinary share capital will comprise 2,690,888,025 Ordinary Shares. This number will represent the total voting rights in the Company, and, following Admission may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
FOR FURTHER INFORMATION, PLEASE CONTACT:
|
ECR Minerals Plc |
Tel: +44 (0) 20 8080 8176 |
|
Nick Tulloch, Chairman Andrew Scott, Director |
|
|
Website: www.ecrminerals.com |
|
|
Allenby Capital Limited |
Tel: +44 (0) 3328 5656 |
|
Nominated Adviser and Joint Broker Alex Brearley / Nick Naylor / Vivek Bhardwaj (Corporate Finance) Kelly Gardiner (Sales and Corporate Broking) |
|
|
Axis Capital Markets Limited |
Tel: +44 (0) 203 026 0320 |
|
Joint Broker |
|
|
Lewis Jones |
|
|
|
|
|
SI Capital Ltd |
Tel: +44 (0) 1483 413500 |
|
Joint Broker |
|
|
Nick Emerson |
|
|
Brand Communications |
Tel: +44 (0) 7976 431608 |
|
Public & Investor Relations |
|
|
Alan Green |