Alien Metals Limited (UFO.L) CEO Appointment and Grant of Share Options

Alien Metals Ltd (LSE AIM:UFO) (“Alien Metals” or “the Company”), a minerals exploration and development company, is pleased to announce the appointment of Technical Director, Bill Brodie Good, as CEO of the Company with immediate effect. Bill has been a director of Alien Metals since July 2019 and, in that time, has been heavily involved in the Company’s technical and corporate activities.

Non-executive Chairman Dan Smith said : “I have been working closely with Bill now for over a year and I have been impressed with his commitment and focus to help drive the Company forward. By appointing Bill as the CEO, the Company is essentially formalising the role Bill has been fulfilling.”

Additionally, the Company announces that following a recommendation of the Nomination & Remuneration Committee, it has granted options over the Common shares of the Company (“Options”) to directors under the terms of the Company’s EMI Share Option Plan, which also makes provision for the award of non-EMI share options, as set out below.

The Exercise Price premium as set out below, is by reference to the closing mid-market price of 0.41 pence on 28 August 2020, the day the agreement was reach to issue the Options, and ranges from 10% to 37%. Furthermore, based on the 30-day VWAP of 0.281 pence the premium ranges from 60% to 96%.

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