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Richmond Hill Resources PLC
("Richmond Hill" or the "Company")
Grant of Options
Richmond Hill Resources PLC (AIM: RHR) announces the grant of options to certain
directors of the Company.
Grant of Options
Options over a total of 31,000,000 new ordinary shares in the Company ("Ordinary
Shares") were awarded on 27 April 2026 at an exercise price of 2 pence per new
Ordinary Share (being a premium of approximately 30 per cent over the mid
closing price on 24 April 2026) (the "Options"). The Options vest immediately
and will expire in approximately 2 years from the date of grant.
The Options represent approximately 4.2 per cent. of the Company's current
issued ordinary share capital. The Options have been issued to certain directors
of the Company as set out in the table below.
+--------+----------+-------------+----------+--------------+-----------+
|Name |Position |Date of Issue|Options |Exercise Price|Expiry date|
+--------+----------+-------------+----------+--------------+-----------+
|Hamish |CEO |27/04/2026 |25,000,000|2 pence |31/03/2028 |
|Harris | | | | | |
+--------+----------+-------------+----------+--------------+-----------+
|Sheldon |Non |27/04/2026 |3,000,000 |2 pence |31/03/2028 |
|Modeland|-Executive| | | | |
| |Director | | | | |
+--------+----------+-------------+----------+--------------+-----------+
|David |Non |27/04/2026 |3,000,000 |2 pence |31/03/2028 |
|Tink |-Executive| | | | |
| |Chairman | | | | |
+--------+----------+-------------+----------+--------------+-----------+
Following the issue of the Options, as at the date of this announcement there
are a total of 63,262,071 options over Ordinary Shares in issue, representing
8.6% of the current issued share capital of the Company.
Forward Looking Statements
This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such as
general economic, market and business conditions, competition for qualified
staff, the regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans, uncertainties
resulting from working in a new political jurisdiction, uncertainties regarding
the results of exploration, uncertainties regarding the timing and granting of
prospecting rights, uncertainties regarding the Company's ability to execute and
implement future plans, and the occurrence of unexpected events. Actual results
achieved may vary from the information provided herein as a result of numerous
known and unknown risks and uncertainties and other factors.
This announcement contains inside information for the purposes of the UK Market
Abuse Regulation and the Directors of the Company are responsible for the
release of this announcement.
For further information, please contact:
Richmond Hill Resources Tel: +44 (0) 203 582 6636
Hamish Harris
Cairn Financial Advisers LLP (Nominated Adviser) Tel: +44 (0)20 7213 0880
Ludovico Lazzaretti / James Western
Clear Capital Limited (Broker) Tel: +44 (0) 20 3869 6080
Bob Roberts
+--+----------------+--------------------------------------------------+
|1 |Details of the |
| |persons |
| |discharging |
| |managerial |
| |responsibilities |
| |/ person closely |
| |associated |
+--+----------------+--------------------------------------------------+
|a)|Name |A) Hamish Harris |
| | | |
| | |B) Sheldon Modeland |
| | | |
| | |C) David Tink |
+--+----------------+--------------------------------------------------+
|2 |Reason for the |
| |notification |
+--+----------------+--------------------------------------------------+
|a)|Position/Status |A) CEO |
| | | |
| | |B) Non-Executive Director |
| | | |
| | |C) Non-Executive Chairman |
+--+----------------+--------------------------------------------------+
|b)|Initial |Initial notification |
| |notification/ | |
| |Amendment | |
+--+----------------+--------------------------------------------------+
|3 |Details of the |
| |issuer, emission |
| |allowance market |
| |participant, |
| |auction |
| |platform, |
| |auctioneer or |
| |auction monitor |
+--+----------------+--------------------------------------------------+
|a)|Name |Richmond Hill Resources plc |
+--+----------------+--------------------------------------------------+
|b)|LEI |2138009XFT53PKLIH113 |
+--+----------------+--------------------------------------------------+
|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 |Options over new ordinary shares of 0.1 pence each|
| |the financial | |
| | |GB00BNTBWF32 |
| |instrument, type| |
| |of | |
| | | |
| |instrument | |
| | | |
| |Identification | |
| |code | |
+--+----------------+--------------------------------------------------+
|b)|Nature of the |Options awarded |
| |transaction | |
+--+----------------+--------------------------------------------------+
|c)|Price(s) and | |
| |volume(s) |+-+--------+----------+ |
| | || |Price(s)|Volume(s) | |
| | |+-+--------+----------+ |
| | ||A|2 pence |25,000,000| |
| | |+-+--------+----------+ |
| | ||B|2 pence |3,000,000 | |
| | |+-+--------+----------+ |
| | ||C|2 pence |3,000,000 | |
| | |+-+--------+----------+ |
+--+----------------+--------------------------------------------------+
|d)|Aggregated | See above |
| |information | |
| | | |
| |-Aggregated | |
| |volume | |
| | | |
| |-Price | |
+--+----------------+--------------------------------------------------+
|e)|Date of |27 April 2026 |
| |transaction | |
+--+----------------+--------------------------------------------------+
|f)|Place of |London Stock Exchange |
| |transaction | |
+--+----------------+--------------------------------------------------+
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