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Director/PDMR Shareholding

·3-min read

LONDON, January 24, 2022--(BUSINESS WIRE)--

ECR MINERALS plc

("ECR Minerals" or the "Company")

Issue of Options

ECR Minerals plc (LON:ECR), the precious metals exploration and development company, confirms today that it has issued options over 30,000,000 ordinary shares in the Company, to senior employees and certain directors / PDMRS of the Company.

The options vest immediately; have an exercise price of 2.2p and whilst they can then be exercised at any time for a period of three years, exercise is conditional on the Volume Weighted Average Price of the shares being 3.75 pence per share for 10 days at the time of exercise ("New Options").

The Directors and PDMRs receiving shares are as follows:

Name of PDMR

Number of New Options

Total Options Held

David Tang (Chairman)

10,000,000

10,000,000

Adam Jones (NED)

5,000,000

5,000,000

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

1

Details of the person discharging managerial responsibilities

a)

Name

Adam Jones

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ECR Minerals plc

b)

LEI

213800PBXY96KXHISJ17

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

ordinary shares of 0.001p each

GB00BYYDKX57

b)

Nature of the transaction

Market purchases

c)

Price(s) and volume(s)

Price(s) Volume(s)

______________________

2.2p per share 5,000,000

d)

Aggregated information

- Aggregated volume

- Price

5,000,000

2.2p

e)

Date of the transaction

24 January 2022

f)

Place of the transaction

London Stock Exchange (XLON)

2

Details of the person discharging managerial responsibilities

a)

Name

David Tang

2

Reason for the notification

a)

Position/status

Chairman & Director

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

ECR Minerals plc

b)

LEI

213800PBXY96KXHISJ17

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

ordinary shares of 0.001p each

GB00BYYDKX57

b)

Nature of the transaction

Market purchases

c)

Price(s) and volume(s)

Price(s) Volume(s)

______________________

2.2p per share 10,000,000

d)

Aggregated information

- Aggregated volume

- Price

10,000,000

2.2p

e)

Date of the transaction

24 January 2022

f)

Place of the transaction

London Stock Exchange (XLON)

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc

Tel: +44 (0)20 7929 1010

David Tang, Non-Executive Chairman

Email:

info@ecrminerals.com

Website: www.ecrminerals.com

WH Ireland Ltd

Tel: +44 (0) 20 7220 1666

Nominated Adviser

Katy Mitchell/Andrew de Andrade

SI Capital Ltd

Tel: +44 (0)148 341 3500

Broker

Nick Emerson

View source version on businesswire.com: https://www.businesswire.com/news/home/20220124005198/en/

Contacts

ECR Minerals plc

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