Ecora Royalties PLC Announces Director Transactions, Treasury & Voting Rights

Rhea-AI Summary

Ecora Royalties (OTCQX:ECRAF) announced director option exercises, share sales to meet tax, and new LTIP awards on 26 March 2026. The Company transferred 147,586 treasury shares to satisfy exercises and granted 680,878 and 414,662 LTIP awards to the CEO and CFO respectively.

Total issued capital is 261,732,553 Shares, with 12,131,486 held in treasury, leaving 249,601,067 total voting rights.

Positive

• Total voting rights disclosed as 249,601,067 enabling shareholder threshold calculations
• LTIP awards granted totaling 1,095,540 conditional shares (CEO and CFO combined)
• Awards vesting schedule set for March 2029 with a further two-year holding period to March 2031

Negative

• Transfer of 147,586 treasury shares increases shares outside treasury, modestly reducing treasury buffer
• Directors sold 69,644 Shares to meet tax at an average price of £1.2437, reducing their immediate holdings

LONDON, UK / ACCESS Newswire / March 30, 2026 / Ecora (LSE:ECOR)(TSX:ECOR)(OTCQX:ECRAF) announces that on 26 March 2026 the Company transferred 147,586 ordinary shares of 2 pence each in the Company ("Shares") out of treasury (the "Transfer"), to satisfy exercises of options by Marc Bishop Lafleche, Chief Executive Officer and Kevin Flynn, Chief Financial Officer.

Mr. Bishop Lafleche and Mr. Flynn exercised 113,379 and 34,207 nil cost option awards (the "Awards") granted under the Company's Long Term Inventive Plan ("LTIP") on 26 March 2026, respectively. Of the Awards exercised by Mr. Bishop Lafleche, 60,711 vested on 12 May 2025 following the assessment of performance conditions which are disclosed in the 2024 Remuneration Report on pages 117 and 118 of the 2024 Annual Report and Accounts.

The balance of Awards exercised by Mr. Bishop Lafleche (52,668 Awards) and those exercised by Mr. Flynn related to Awards that vested on 24 February 2026, following the assessment of the performance conditions which are disclosed in the 2025 Remuneration Report on page 84 of the 2025 Annual Report and Accounts. Subsequently, Mr. Bishop Lafleche and Mr. Flynn sold 53,502 and 16,142 Shares, respectively, at an average price of £1.2437 per Share, to satisfy income tax associated with the Awards.

On 26 March 2026 awards of Shares were made under the Company's LTIP at nil cost, with Mr. Bishop Lafleche granted 680,878 Awards and Mr. Flynn granted 414,662 Awards as detailed below. A share price of £1.2652, being the 5-day volume weighted average price before grant as approved by the Company's Remuneration Committee, has been used to determine the number of Shares awarded.

The LTIP provides Directors with Shares awarded on a conditional basis as determined by the Remuneration Committee. These awards will vest in March 2029, subject to the satisfaction of performance conditions linked to total shareholder return, portfolio contribution and adjusted earnings per share as detailed on page 80 of the 2025 Annual Report and Accounts. Any vested Shares will then be subject to a further holding period of two years and will be released in March 2031.

Total Voting Rights

Following the above Transfer, the Company's issued capital consisted of 261,732,553 Shares, of which 12,131,486 Shares were held in treasury.

Therefore, the total number of voting rights in the Company is 249,601,067. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

These transactions took place on the London Stock Exchange.

Director Share Dealings - Further information

In accordance with Article 19 of the UK Market Abuse Regulation, the relevant FCA notification is set out below.

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Mr. Marc Bishop Lafleche
2.	Reason for the notification
a.	Position/status	Chief Executive Officer of Ecora Royalties PLC
b.	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Ecora Royalties PLC
b.	LEI	213800LXSV317746JZ71
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 the Financial instrument, type of instrument Identification code	2p Ordinary Shares GB0006449366
b.	Nature of the transaction	Exercise of options and sale of shares. Award of Shares under the terms of the Ecora Royalties PLC Long-Term Incentive Plan 2021. Subject to the satisfaction of performance conditions, the award will vest in March 2029; the Shares will then be subject to a further holding period of two years and will be released in March 2031.
c.	Price(s) and volume(s)	Exercise of options - 26 March 2026 Price(s) Volume(s) Nil (exercise of options) 113,379 Sale of shares - 26 March 2026 Price(s) Volume(s) £1.2437 53,502 Grant of shares - 26 March 2026 Price(s) Volume(s) Nil (grant of options) 680,878
d.	Aggregated information · Aggregated volume · Price	See above
e.	Date of the transaction	26 March 2026
f.	Place of the transaction	London Stock Exchange, Main Market (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Mr. Kevin Flynn
2.	Reason for the notification
a.	Position/status	Chief Financial Officer of Ecora Royalties PLC
b.	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Ecora Royalties PLC
b.	LEI	213800LXSV317746JZ71
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 the Financial instrument, type of instrument Identification code	2p Ordinary Shares GB0006449366
b.	Nature of the transaction	Exercise of options and sale of shares Award of Shares under the terms of the Ecora Royalties PLC Long-Term Incentive Plan 2021. Subject to the satisfaction of performance conditions, the award will vest in March 2029; the Shares will then be subject to a further holding period of two years and will be released in March 2031.
c.	Price(s) and volume(s)	Exercise of options Price(s) Volume(s) Nil (exercise of options) 34,207 Sale of shares Price(s) Volume(s) £1.2437 16,142 Grant of shares Price(s) Volume(s) Nil (grant of options) 414,662
d.	Aggregated information · Aggregated volume · Price	See above
e.	Date of the transaction	26 March 2026
f.	Place of the transaction	London Stock Exchange, Main Market (XLON)

For further information:

Ecora Royalties PLC	+44 (0) 20 3435 7400
Jason Gray - Company Secretary
Website:	www.ecoraroyalties.com
FTI Consulting	+44(0) 20 3727 1000
Sara Powell / Ben Brewerton / Nick Hennis	ecoraresources@fticonsulting.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Ecora Royalties PLC

View the original press release on ACCESS Newswire

FAQ

What director share transactions did Ecora (ECRAF) announce on 26 March 2026?

Directors exercised options and sold shares to meet tax obligations on 26 March 2026. According to the company, the transfer of 147,586 treasury shares satisfied option exercises and directors sold 69,644 shares at an average £1.2437 per share.

How many LTIP awards were granted to Ecora CEO and CFO on 26 March 2026?

The company granted a combined 1,095,540 LTIP awards to the CEO and CFO on 26 March 2026. According to the company, awards were 680,878 to the CEO and 414,662 to the CFO, priced using a £1.2652 VWAP.

When will the LTIP awards for Ecora (ECRAF) directors vest and be released?

LTIP awards will vest in March 2029 subject to performance conditions, then be held for two years. According to the company, vested shares will be released in March 2031 after the additional holding period.

What is Ecora's updated total voting rights figure after the 26 March 2026 transactions?

Total voting rights are 249,601,067 following the transactions on 26 March 2026. According to the company, this figure should be used by shareholders to assess notification thresholds under FCA Disclosure and Transparency Rules.

How many shares did Ecora directors sell to satisfy income tax on exercised awards?

Directors sold a total of 69,644 Shares to satisfy income tax from exercised awards. According to the company, Marc Bishop Lafleche sold 53,502 and Kevin Flynn sold 16,142 shares at an average price of £1.2437.

Did Ecora issue new shares or transfer from treasury for the option exercises on 26 March 2026?

The Company transferred shares out of treasury rather than issuing new shares for exercises on 26 March 2026. According to the company, 147,586 ordinary shares were moved from treasury to satisfy the exercised options.