Notification of transactions by Directors
LONDON, UK / ACCESSWIRE / February 27, 2023 / Ecora Resources PLC ("Ecora" or the "Company") (LSE:ECOR)(TSX:ECOR) announces that awards of Ordinary Shares ("Shares") were made under the Company's Long Term Incentive Plan ("LTIP") at nil cost on 24 February 2023 to Directors as detailed below. A share price of £1.3705, being the 5-day volume weighted average price before grant as approved by the Company's Remuneration Committee, has been used to determine the number of shares awarded.
The LTIP provides Directors with Shares awarded on a conditional basis as determined by the Remuneration Committee. These awards will vest on 24 February 2026, subject to the satisfaction of performance conditions linked to total shareholder return, portfolio contribution and adjusted earnings per share. The vested Shares will then be subject to a further holding period of two years and will be released on 24 February 2028.
Director Share Dealings - Further information
The notifications below, made in accordance with the requirements of the UK version of the Market Abuse Regulation (596/2014/EU)[1], provides further detail in respect of the transactions as described at the beginning of this announcement.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | Mr. Marc Bishop Lafleche | ||||
2. | Reason for the notification | |||||
a. | Position/status | Chief Executive Officer of Ecora Resources PLC | ||||
b. | Initial notification/Amendment | Initial Notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a. | Name | Ecora Resources PLC | ||||
b. | LEI | 213800LXSV317746JZ71 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a. | Description of the Financial instrument, type of instrument Identification code | 2p Ordinary Shares GB0006449366 | ||||
b. | Nature of the transaction | Award of Shares under the terms of the Ecora Resources PLC Long-Term Incentive Plan 2021. Subject to the satisfaction of performance conditions, the award will vest on 24 February 2026; the Shares will then be subject to a further holding period of two years and will be released on 24 February 2028. | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information · Aggregated volume · Price | 456,402 0.00p | ||||
e. | Date of the transaction | 24 February 2023 | ||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a. | Name | Mr. Kevin Flynn | ||||
2. | Reason for the notification | |||||
a. | Position/status | Chief Financial Officer of Ecora Resources PLC | ||||
b. | Initial notification/Amendment | Initial Notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a. | Name | Ecora Resources PLC | ||||
b. | LEI | 213800LXSV317746JZ71 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a. | Description of the Financial instrument, type of instrument Identification code | 2p Ordinary Shares GB0006449366 | ||||
b. | Nature of the transaction | Award of Shares under the terms of the Ecora Resources PLC Long-Term Incentive Plan 2021. Subject to the satisfaction of performance conditions, the award will vest on 24 February 2026; the Shares will then be subject to a further holding period of two years and will be released on 24 February 2028. | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information · Aggregated volume · Price | 296,424 0.00p | ||||
e. | Date of the transaction | 24 February 2023 | ||||
f. | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||
For further information:
Ecora Resources PLC | +44 (0) 20 3435 7400 |
Jason Gray - Company Secretary | |
Camarco Gordon Poole / Owen Roberts / Elfie Kent | +44 (0) 20 3757 4997 |
Website: |
[1]This is part of UK law by virtue of the European Union Withdrawal Act 2018.
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SOURCE: Ecora Resources PLC