Skip to main content

Ecora Resources PLC Announces Notification of Transactions by Directors

LONDON, UK / ACCESSWIRE / February 22, 2024 / Ecora Resources PLC (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 20 February 2024 to Directors as detailed below. A share price of £0.8006, 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 in February 2027, subject to the satisfaction of performance conditions linked to total shareholder return, portfolio contribution and adjusted earnings per share. Any vested Shares will then be subject to a further holding period of two years and will be released in February 2029.

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 in February 2027; the Shares will then be subject to a further holding period of two years and will be released in February 2029.

c.

Price(s) and volume(s)
Price(s) Volume(s)
0.00p 882,367

d.

Aggregated information

· Aggregated volume

· Price

882,367

0.00p

e.

Date of the transaction 20 February 2024

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 in February 2027; the Shares will then be subject to a further holding period of two years and will be released in February 2029.

c.

Price(s) and volume(s)
Price(s) Volume(s)
0.00p 522,598

d.

Aggregated information

· Aggregated volume

· Price

522,598

0.00p

e.

Date of the transaction 20 February 2024

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:

www.ecora-resources.com

[1]This is part of UK law by virtue of the European Union Withdrawal Act 2018.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Ecora Resources PLC



View the original press release on accesswire.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.