Issue of Shares under Share Incentive Plan

RNS Number : 8708ACorcel PLC26 May 2023

Corcel PLC

("Corcel" or the "Company")

Issue of Shares under Share Incentive Plan -

Director's Dealings - TVR

26 May 2023

Corcel Plc, ("Corcel" or "the Company"), the natural resource exploration and development company with interests in battery metals and flexible grid solutions, announces that on 26 May 2023, the Board of Directors approved the issuance of 3,506,490 ordinary shares of 0.0001 each in the Company ("New Ordinary Shares") under the Company's Share Incentive Plan ("SIP") for the 2022/23 tax year as agreed in the Trustees meeting held on 5 April 2023.

Director's Participation

In respect of the 2022/23 tax year, Mr. Kaintz has purchased and been awarded 2,571,426 New Ordinary Shares under the SIP. These shares issued to Mr. Kaintz have been included in the table below, which sets out the total shareholding and interests of the Director in the enlarged share capital of the Company.

Directors

New Ordinary Shares

Ordinary Shares Post Issuance

Total Shares

% of Issued Share Capital

Warrants

Options

Direct

Indirect

Scott Kaintz

2,571,426

3,554,550

4,973,975*

8,528,525

0.70%

-

9,587,764

* Mr. S. Kaintz is a beneficiary of 4,973,975 shares held on his behalf by Corcel Plc Share Incentive Plan Trustees.

Admission to Trading on AIM and Total Voting Rights

Application is being made to AIM for 3,506,490 New Ordinary Shares, allotted in relation to the SIP for 2022/23 tax year, to be admitted to trading on AIM, the admission of which it is expected on or around 05 June 2023.

Following admission of the New Ordinary Shares, the Company's total issued share capital will consist of 1,223,598,121 ordinary shares, with one voting right per share. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company will be 1,223,598,121. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the share capital of the Company, pursuant to the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

For Further Information Contact:

Scott Kaintz020 7747 9960 CorcelPlc CEO

James Joyce / Andrew de Andrade 0207 220 1666 WH Ireland Ltd NOMAD & Broker

Simon Woods0207 3900 230 Vigo Consulting IR

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU, which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310) and is disclosed in accordance with the Company's obligations under Article 17.

1

Detailsofthepersondischargingmanagerialresponsibilities/personclosely associated

a)

Name

Scott Kaintz

2

Reason for notification

a)

Position / status

Executive Director, PDMR

b)

Initial notification

/Amendment

Initial Notification

3

Detailsoftheissuer,emissionallowancemarketparticipant,auctionplatform, auctioneerorauctionmonitor

a)

Name

Corcel Plc

b)

LEI

LEI:2138009ECXQQ3EGKVY57

4

Detailsofthetransaction(s): sectiontoberepeatedfor(i)eachtypeofinstrument;(ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactionshavebeenconducted

a)

Descriptionofthefinancial instrument,type ofinstrument

Identificationcode

Ordinary shares of 0.0001 each in Corcel Plc

ISINGB00BKM69866


Nature of the transaction

Issue of ordinary shares under Corcel Plc Share Incentive Plan

c)

Price(s) and volumes(s)

Name(s)

Price(s)

Volumes(s)

Scott Kaintz

0.00330

0.00385

1,636,362

935,064

d)

Aggregated information

-Aggregated Volume

-Aggregated
Price

2,571,426 shares

0.00350

e)

Date of the transaction

26 May2023

f)

Place of the transaction

Outside of trading venue

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