{"success":true,"data":{"pressRelease":{"id":"32884","rtpr_id":"nGNEc27N22","ticker":"SRB","exchange":"LSE","all_tickers":["SRB"],"title":"REG-Director / PDMR Shareholding","author":"Globe Newswire","published_at":"2026-05-13T07:16:33.490Z","article_body":"Director / PDMR Shareholding\n\nSerabi announces that on 12 May 2026 the Board of Directors agreed to award in\naggregate 458,114 Conditional Share Awards (“CSA’s”) to employees\n(including directors) of the Company. The awards are part of the Company's\nnormal annual compensation review and the issuance is made under the Serabi\n2020 Restricted Share Plan (the “2020 Plan”) which was approved by\nshareholders on 16 June 2020 and adopted by the Board on 10 November 2020.\n\nThe awards are subject to a three-year performance period during which time\ncertain performance criteria stipulated by the Board must be attained. The\nunderlying shares to be issued pursuant to each of the Conditional Share\nAwards will only be issued and the rights transferred to the employees after\nthe completion of the performance period and only in such amount (if any) as\nis required based on the achievement of the performance criteria.\n\nThe performance criteria and targets for the 2026 Awards are summarised below:\n\n Performance measure \n Performance level Threshold Vesting Performance level Maximum Vesting \n Total shareholder return relative to the BMO junior gold index (30%) Equals the index At index% 120% of the index 100% \n Return on Capital Employed (30%) 13% 0% 20% 100% \n Cumulative Free Cash Flow (25%) Achieve Budget 0% 15% above budget 100% \n ESG (15%) Qualitative assessment based on progress towards ESG activities including water recycling and installation of a tailings filtration system \n\nA total of 289,178 Conditional Share Awards have been granted by the Board, as\nrecommended by the Remuneration Committee, to directors of the Company as\nfollows:\n\n Director Award Year Number of CSA’s \n Michael Hodgson 2026 181,269 \n Colm Howlin 2026 106,162 \n\nThe remaining 170,683 Conditional Share Awards have been made to other\nemployees of the Company. The number of Conditional Shares awarded was\ncalculated by reference to the 30 day VWAP of the Company's shares on 12 May\n2026.\n\nFrom 2026, a shareholding requirement will be introduced requiring Mike\nHodgson and Colm Howlin to build a shareholding of 150% and 135% of salary\nrespectively within five years. Until the shareholding is achieved, the\nExecutive Directors will be required to retain 50% of the net of tax vested\nshares from all future share awards\n\nFollowing these latest awards there are 2,202,948 Conditional Share Awards in\nissue representing 2.91% of the issued share capital of the Company (excluding\n573,209 new Ordinary shares to be issued pursuant to the settlement of\nConditional Share Awards as announced on 13 May 2026).\n\nAbout Serabi Gold plc\nSerabi Gold plc is a gold exploration, development and production company\nfocused on the prolific Tapajós region in Para State, northern Brazil. The\nCompany has consistently produced 30,000 to 40,000 ounces per year with the\nPalito Complex and is planning to double production in the coming years with\nthe construction of the Coringa Gold project. Serabi Gold plc recently made a\ncopper-gold porphyry discovery on its extensive exploration licence. The\nCompany is headquartered in the United Kingdom with a secondary office in\nToronto, Ontario, Canada.\n\nThe information contained within this announcement is deemed by the Company to\nconstitute inside information as stipulated under the Market Abuse Regulations\n(EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the\nEuropean Union (Withdrawal) Act 2018.\n\nThe person who arranged for the release of this announcement on behalf of the\nCompany was Andrew Khov, Vice President, Investor Relations & Business\nDevelopment.\n\nEnquiries\n\nSERABI GOLD plc\nMichael Hodgson        t +44 (0)20 7246 6830\nChief Executive        m +44 (0)7799 473621\n\nAndrew Khov        m +1 647 885 4874\nVP Investor Relations & Business Development\n\n        e contact@serabigold.com\n\nBEAUMONT CORNISH Limited\nNominated Adviser & Financial Adviser\nRoland Cornish / Michael Cornish        t +44 (0)20 7628 3396\nPEEL HUNT LLP\nJoint UK Broker\nRoss Allister                t +44 (0)20 7418 9000\n\nTAMESIS PARTNERS LLP\nJoint UK Broker\nCharlie Bendon/ Richard Greenfield        t +44 (0)20 3882 2868\n\nCAMARCO\nFinancial PR - Europe\nGeorgia Edmonds / Fergus Young        t +44 (0)20 3757 4980\n\nCopies of this announcement are available from the Company's website at\nwww.serabigold.com.\n\nForward-looking statements\nCertain statements in this announcement are, or may be deemed to be, forward\nlooking statements. Forward looking statements are identified by their use of\nterms and phrases such as ‘‘believe’’, ‘‘could’’, “should”\n‘‘envisage’’, ‘‘estimate’’, ‘‘intend’’,\n‘‘may’’, ‘‘plan’’, ‘‘will’’ or the negative of those,\nvariations or comparable expressions, including references to assumptions.\nThese forward-looking statements are not based on historical facts but rather\non the Directors’ current expectations and assumptions regarding the\nCompany’s future growth, results of operations, performance, future capital\nand other expenditures (including the amount, nature and sources of funding\nthereof), competitive advantages, business prospects and opportunities. Such\nforward looking statements reflect the Directors’ current beliefs and\nassumptions and are based on information currently available to the Directors.\nA number of factors could cause actual results to differ materially from the\nresults discussed in the forward-looking statements including risks associated\nwith vulnerability to general economic and business conditions, competition,\nenvironmental and other regulatory changes, actions by governmental\nauthorities, the availability of capital markets, reliance on key personnel,\nuninsured and underinsured losses and other factors, many of which are beyond\nthe control of the Company. Although any forward-looking statements contained\nin this announcement are based upon what the Directors believe to be\nreasonable assumptions, the Company cannot assure investors that actual\nresults will be consistent with such forward looking statements.\n\nQualified Persons Statement\nThe scientific and technical information contained within this announcement\nhas been reviewed and approved by Michael Hodgson, a Director of the Company.\nMr Hodgson is an Economic Geologist by training with over 30 years' experience\nin the mining industry. He holds a BSc (Hons) Geology, University of London, a\nMSc Mining Geology, University of Leicester and is a Fellow of the Institute\nof Materials, Minerals and Mining and a Chartered Engineer of the Engineering\nCouncil of UK, recognizing him as both a Qualified Person for the purposes of\nCanadian National Instrument 43-101 and by the AIM Guidance Note on Mining and\nOil & Gas Companies dated June 2009.\n\nNotice\nBeaumont Cornish Limited, which is authorised and regulated in the United\nKingdom by the Financial Conduct Authority, is acting as nominated adviser to\nthe Company in relation to the matters referred herein. Beaumont Cornish\nLimited is acting exclusively for the Company and for no one else in relation\nto the matters described in this announcement and is not advising any other\nperson and accordingly will not be responsible to anyone other than the\nCompany for providing the protections afforded to clients of Beaumont Cornish\nLimited, or for providing advice in relation to the contents of this\nannouncement or any matter referred to in it.\n\nNeither the Toronto Stock Exchange, nor any other securities regulatory\nauthority, has approved or disapproved of the contents of this news release.\n\nAttachment\n* RNS - 2026 Conditional Share Awards - v7\n(https://ml-eu.globenewswire.com/Resource/Download/24ccf02b-51f7-49da-96c0-15682b8981e7)","article_body_html":"","raw_payload":{"data":{"id":"nGNEc27N22","title":"REG-Director / PDMR Shareholding","author":"Globe Newswire","ticker":"SRB","created":"2026-05-13T07:16:33.490Z","tickers":["SRB"],"exchange":"LSE","article_body":"Director / PDMR Shareholding\n\nSerabi announces that on 12 May 2026 the Board of Directors agreed to award in\naggregate 458,114 Conditional Share Awards (“CSA’s”) to employees\n(including directors) of the Company. The awards are part of the Company's\nnormal annual compensation review and the issuance is made under the Serabi\n2020 Restricted Share Plan (the “2020 Plan”) which was approved by\nshareholders on 16 June 2020 and adopted by the Board on 10 November 2020.\n\nThe awards are subject to a three-year performance period during which time\ncertain performance criteria stipulated by the Board must be attained. The\nunderlying shares to be issued pursuant to each of the Conditional Share\nAwards will only be issued and the rights transferred to the employees after\nthe completion of the performance period and only in such amount (if any) as\nis required based on the achievement of the performance criteria.\n\nThe performance criteria and targets for the 2026 Awards are summarised below:\n\n Performance measure \n Performance level Threshold Vesting Performance level Maximum Vesting \n Total shareholder return relative to the BMO junior gold index (30%) Equals the index At index% 120% of the index 100% \n Return on Capital Employed (30%) 13% 0% 20% 100% \n Cumulative Free Cash Flow (25%) Achieve Budget 0% 15% above budget 100% \n ESG (15%) Qualitative assessment based on progress towards ESG activities including water recycling and installation of a tailings filtration system \n\nA total of 289,178 Conditional Share Awards have been granted by the Board, as\nrecommended by the Remuneration Committee, to directors of the Company as\nfollows:\n\n Director Award Year Number of CSA’s \n Michael Hodgson 2026 181,269 \n Colm Howlin 2026 106,162 \n\nThe remaining 170,683 Conditional Share Awards have been made to other\nemployees of the Company. The number of Conditional Shares awarded was\ncalculated by reference to the 30 day VWAP of the Company's shares on 12 May\n2026.\n\nFrom 2026, a shareholding requirement will be introduced requiring Mike\nHodgson and Colm Howlin to build a shareholding of 150% and 135% of salary\nrespectively within five years. Until the shareholding is achieved, the\nExecutive Directors will be required to retain 50% of the net of tax vested\nshares from all future share awards\n\nFollowing these latest awards there are 2,202,948 Conditional Share Awards in\nissue representing 2.91% of the issued share capital of the Company (excluding\n573,209 new Ordinary shares to be issued pursuant to the settlement of\nConditional Share Awards as announced on 13 May 2026).\n\nAbout Serabi Gold plc\nSerabi Gold plc is a gold exploration, development and production company\nfocused on the prolific Tapajós region in Para State, northern Brazil. The\nCompany has consistently produced 30,000 to 40,000 ounces per year with the\nPalito Complex and is planning to double production in the coming years with\nthe construction of the Coringa Gold project. Serabi Gold plc recently made a\ncopper-gold porphyry discovery on its extensive exploration licence. The\nCompany is headquartered in the United Kingdom with a secondary office in\nToronto, Ontario, Canada.\n\nThe information contained within this announcement is deemed by the Company to\nconstitute inside information as stipulated under the Market Abuse Regulations\n(EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the\nEuropean Union (Withdrawal) Act 2018.\n\nThe person who arranged for the release of this announcement on behalf of the\nCompany was Andrew Khov, Vice President, Investor Relations & Business\nDevelopment.\n\nEnquiries\n\nSERABI GOLD plc\nMichael Hodgson        t +44 (0)20 7246 6830\nChief Executive        m +44 (0)7799 473621\n\nAndrew Khov        m +1 647 885 4874\nVP Investor Relations & Business Development\n\n        e contact@serabigold.com\n\nBEAUMONT CORNISH Limited\nNominated Adviser & Financial Adviser\nRoland Cornish / Michael Cornish        t +44 (0)20 7628 3396\nPEEL HUNT LLP\nJoint UK Broker\nRoss Allister                t +44 (0)20 7418 9000\n\nTAMESIS PARTNERS LLP\nJoint UK Broker\nCharlie Bendon/ Richard Greenfield        t +44 (0)20 3882 2868\n\nCAMARCO\nFinancial PR - Europe\nGeorgia Edmonds / Fergus Young        t +44 (0)20 3757 4980\n\nCopies of this announcement are available from the Company's website at\nwww.serabigold.com.\n\nForward-looking statements\nCertain statements in this announcement are, or may be deemed to be, forward\nlooking statements. Forward looking statements are identified by their use of\nterms and phrases such as ‘‘believe’’, ‘‘could’’, “should”\n‘‘envisage’’, ‘‘estimate’’, ‘‘intend’’,\n‘‘may’’, ‘‘plan’’, ‘‘will’’ or the negative of those,\nvariations or comparable expressions, including references to assumptions.\nThese forward-looking statements are not based on historical facts but rather\non the Directors’ current expectations and assumptions regarding the\nCompany’s future growth, results of operations, performance, future capital\nand other expenditures (including the amount, nature and sources of funding\nthereof), competitive advantages, business prospects and opportunities. Such\nforward looking statements reflect the Directors’ current beliefs and\nassumptions and are based on information currently available to the Directors.\nA number of factors could cause actual results to differ materially from the\nresults discussed in the forward-looking statements including risks associated\nwith vulnerability to general economic and business conditions, competition,\nenvironmental and other regulatory changes, actions by governmental\nauthorities, the availability of capital markets, reliance on key personnel,\nuninsured and underinsured losses and other factors, many of which are beyond\nthe control of the Company. Although any forward-looking statements contained\nin this announcement are based upon what the Directors believe to be\nreasonable assumptions, the Company cannot assure investors that actual\nresults will be consistent with such forward looking statements.\n\nQualified Persons Statement\nThe scientific and technical information contained within this announcement\nhas been reviewed and approved by Michael Hodgson, a Director of the Company.\nMr Hodgson is an Economic Geologist by training with over 30 years' experience\nin the mining industry. He holds a BSc (Hons) Geology, University of London, a\nMSc Mining Geology, University of Leicester and is a Fellow of the Institute\nof Materials, Minerals and Mining and a Chartered Engineer of the Engineering\nCouncil of UK, recognizing him as both a Qualified Person for the purposes of\nCanadian National Instrument 43-101 and by the AIM Guidance Note on Mining and\nOil & Gas Companies dated June 2009.\n\nNotice\nBeaumont Cornish Limited, which is authorised and regulated in the United\nKingdom by the Financial Conduct Authority, is acting as nominated adviser to\nthe Company in relation to the matters referred herein. Beaumont Cornish\nLimited is acting exclusively for the Company and for no one else in relation\nto the matters described in this announcement and is not advising any other\nperson and accordingly will not be responsible to anyone other than the\nCompany for providing the protections afforded to clients of Beaumont Cornish\nLimited, or for providing advice in relation to the contents of this\nannouncement or any matter referred to in it.\n\nNeither the Toronto Stock Exchange, nor any other securities regulatory\nauthority, has approved or disapproved of the contents of this news release.\n\nAttachment\n* RNS - 2026 Conditional Share Awards - v7\n(https://ml-eu.globenewswire.com/Resource/Download/24ccf02b-51f7-49da-96c0-15682b8981e7)"},"type":"article","timestamp":"2026-05-13T07:16:33.567440055Z","server_sent_at_ms":1778656593567},"received_at":"2026-05-13T07:16:33.629Z","source_url":null},"analysis":{"id":"23580","press_release_id":"32884","analysis_json":{"industry":{"label":"Gold","sector":"Materials"},"redFlags":[],"eventType":"insider_transaction","narrative":"Serabi Gold plc has announced the award of 458,114 Conditional Share Awards (CSAs) to employees, including directors, as part of the company's normal annual compensation review.\n\nThe CSAs are subject to a three-year performance period, with vesting tied to specific criteria including total shareholder return, return on capital employed, cumulative free cash flow, and ESG progress.\n\nMichael Hodgson and Colm Howlin, the company's directors, have been granted 181,269 and 106,162 CSAs, respectively. The remaining 170,683 CSAs have been awarded to other employees.\n\nFollowing these awards, there are now 2,202,948 CSAs in issue, representing 2.91% of the company's issued share capital.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine insider transaction -- conditional share awards granted."},"keyFigures":{"sharesOffered":458114},"quotedText":"","namedEntities":{"people":[{"name":"Michael Hodgson","role":"Chief Executive"},{"name":"Colm Howlin","role":"Director"},{"name":"Andrew Khov","role":"Vice President, Investor Relations & Business Development"},{"name":"Roland Cornish","role":"Nominated Adviser & Financial Adviser"},{"name":"Michael Cornish","role":"Nominated Adviser & Financial Adviser"},{"name":"Ross Allister","role":"Joint UK Broker"},{"name":"Charlie Bendon","role":"Joint UK Broker"},{"name":"Richard Greenfield","role":"Joint UK Broker"},{"name":"Georgia Edmonds","role":"Financial PR - Europe"},{"name":"Fergus Young","role":"Financial PR - Europe"}],"products":[],"companies":[{"name":"Serabi Gold plc","ticker":"SRB"},{"name":"Beaumont Cornish Limited","relationship":"nominated adviser"},{"name":"Peel Hunt LLP","relationship":"joint UK broker"},{"name":"Tamesis Partners LLP","relationship":"joint UK broker"},{"name":"Camarco","relationship":"financial PR"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"The announcement of conditional share awards to employees and directors is a routine corporate governance update. The awards are subject to performance criteria and do not immediately impact the company's share structure or financials."},"tickerRelevance":{"others":[],"primary":"SRB"},"globalImportance":20,"audienceRelevance":30,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"insider transaction","issuerAuthored":true}},"event_type":"insider_transaction","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"Serabi Gold plc has announced the award of 458,114 Conditional Share Awards (CSAs) to employees, including directors, as part of the company's normal annual compensation review.\n\nThe CSAs are subject to a three-year performance period, with vesting tied to specific criteria including total shareholder return, return on capital employed, cumulative free cash flow, and ESG progress.\n\nMichael Hodgson and Colm Howlin, the company's directors, have been granted 181,269 and 106,162 CSAs, respectively. The remaining 170,683 CSAs have been awarded to other employees.\n\nFollowing these awards, there are now 2,202,948 CSAs in issue, representing 2.91% of the company's issued share capital.","key_figures":{"sharesOffered":458114},"named_entities":{"people":[{"name":"Michael Hodgson","role":"Chief Executive"},{"name":"Colm Howlin","role":"Director"},{"name":"Andrew Khov","role":"Vice President, Investor Relations & Business Development"},{"name":"Roland Cornish","role":"Nominated Adviser & Financial Adviser"},{"name":"Michael Cornish","role":"Nominated Adviser & Financial Adviser"},{"name":"Ross Allister","role":"Joint UK Broker"},{"name":"Charlie Bendon","role":"Joint UK Broker"},{"name":"Richard Greenfield","role":"Joint UK Broker"},{"name":"Georgia Edmonds","role":"Financial PR - Europe"},{"name":"Fergus Young","role":"Financial PR - Europe"}],"products":[],"companies":[{"name":"Serabi Gold plc","ticker":"SRB"},{"name":"Beaumont Cornish Limited","relationship":"nominated adviser"},{"name":"Peel Hunt LLP","relationship":"joint UK broker"},{"name":"Tamesis Partners LLP","relationship":"joint UK broker"},{"name":"Camarco","relationship":"financial PR"}],"dollarAmounts":[]},"model_name":"Qwen/Qwen2.5-72B-Instruct-AWQ","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-13T07:16:52.328Z","global_importance":20,"audience_relevance":30,"importance_components":{"tickerTier":"small-cap","eventGravity":"insider transaction","issuerAuthored":true}},"durationMs":18694,"modelName":"george-droid-qwen-72b"}}