Grant of Options

Grant of OptionsEgdon Resources plc (AIM:EDR) announces that as part of a periodic incentive review and also to compensate salary reductions taken between March 2020 and December 2022, it has granted options to the following Directors and cancelled all existing options awards.DirectorNumber of Options grantedExercise Price (pence)Vesting DateExercisable UntilMark Abbott4,444,4442.25p8 March 20237 March 2033Martin Durham3,555,5562.25p8 March 20237 March 2033The options were set at an exercise price of 2.25p being the average closing mid-price on 7 March 2022Following the grant of the options on 8 March 2022, the interests of the Directors in the share capital of the Company are as follows:DirectorTotal number of Options held over Ordinary SharesTotal number of Warrants held over Ordinary SharesNumber of Ordinary Shares heldMark Abbott4,444,444800,0009,689,387Martin Durham3,555,556100,000200,000 In addition, the Company has granted options to employees on the same basis as Directors. The total number of options granted to Directors and employees of the Company is 17,500,000 (Representing 3.39 % of the Company’s issued share capital).The total number of options granted to Directors and employees of the Company that were cancelled was 9,675,122 (Representing 1.87 % of the Company’s issued share capital).The information set out below is in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.1.Details of the person discharging managerial responsibilities/person closely associateda)NameMark Abbott2.Reason for the notificationa)Position / statusManaging Directorb)Initial notification / amendmentInitial Notification3.Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameEgdon Resources plcb)LEI213800WWGH4S9GYSPL774.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 conducteda)Description of the financial instrument, type of instrumentOrdinary Shares of 1 pence per share valueIdentification codeGB00B28YML29b)Nature of the transactionGrant of Optionsc)Price(s) and volume(s)Price(s)Volume(s)2.25 pence4,444,444d)Aggregated information— Aggregated volume4,444,444 Ordinary Shares of 1 pence per share value— Price¹¹2.25 pence per sharee)Date of the transaction8 March 2022f)Place of the transactionOutside a trading venue1.Details of the person discharging managerial responsibilities/person closely associateda)NameMartin Durham2.Reason for the notificationa)Position / statusTechnical Directorb)Initial notification / amendmentInitial Notification3.Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameEgdon Resources plcb)LEI213800WWGH4S9GYSPL774.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 conducteda)Description of the financial instrument, type of instrumentOrdinary Shares of 1 pence per share valueIdentification codeGB00B28YML29b)Nature of the transactionGrant of Optionsc)Price(s) and volume(s)Price(s)Volume(s)2.25 pence3,555,556d)Aggregated information— Aggregated volume3,555,556 Ordinary Shares of 1 pence per share value— Price¹¹2.25 pence per sharee)Date of the transaction8 March 2022f)Place of the transactionOutside a trading venue1.Details of the person discharging managerial responsibilities/person closely associateda)NameMark Abbott2.Reason for the notificationa)Position / statusManaging Directorb)Initial notification / amendmentCancellation of options3.Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameEgdon Resources plcb)LEI213800WWGH4S9GYSPL774.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 conducteda)Description of the financial instrument, type of instrumentOrdinary Shares of 1 pence per share valueIdentification codeGB00B28YML29b)Nature of the transactionCancellation of optionsc)Price(s) and volume(s)Price(s)Volume(s)10.00 pence600,00020.62 pence363,7259.70 pence979,3817.85 pence1,210,191d)Aggregated information— Aggregated volume3,153,297 Ordinary Shares of 1 pence per share value— Price¹¹10.31 pence per sharee)Date of the transaction8 March 2022f)Place of the transactionOutside a trading venue1.Details of the person discharging managerial responsibilities/person closely associateda)NameMartin Durham2.Reason for the notificationa)Position / statusTechnical Directorb)Initial notification / amendmentCancellation of options3.Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameEgdon Resources plcb)LEI213800WWGH4S9GYSPL774.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 conducteda)Description of the financial instrument, type of instrumentOrdinary Shares of 1 pence per share valueIdentification codeGB00B28YML29b)Nature of the transactionCancellation of optionsc)Price(s) and volume(s)Price(s)Volume(s)22.75 pence659,3419.70 pence773,1967.85 pence955,414d)Aggregated information— Aggregated volume2,387,951 Ordinary Shares of 1 pence per share value— Price¹¹12.56 pence per sharee)Date of the transaction8 March 2022f)Place of the transactionOutside a trading venue