RNS

RNS Number : 0723F
Arc Minerals Limited
24 October 2018
 

Arc Minerals Ltd / Epic: ARCM / Market: AIM / Sector: Mining & Exploration

24 October 2018

Arc Minerals Ltd 

('Arc' or the 'Company') 

Director Share Purchases - Nick von Schirnding

Arc Minerals announces that it was today notified that Mr Nick von Schirnding, Executive Chairman of the Company, had purchased 281,000 shares of no par value in the Company ("Ordinary Shares") today at a price of 3.48 pence per share.

Following this transaction, Nick von Schirnding holds a beneficial interest in 13,607,198 Ordinary Shares representing approximately 2.16 per cent. of the Company's issued share capital. In addition, Mr von Schirnding has a beneficial interest in 13,842,418 incentive options equating to 2.19% of the Company's issued share capital prior to dilution by the warrant exercise.

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Nick von Schirnding   

2.     

Reason for the notification

a)

Position/status:

Executive Chairman

b)

Initial notification/Amendment:

Initial notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Arc Minerals Limited

b)

LEI:

213800XHFJVCC9GP2G75

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:

 

Ordinary shares of no par value   

VGG045791016

b)

Nature of the transaction:

Purchase of shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

3.48 pence

281,000

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

3.48 pence

281,000

 

 

 

e)

Date of the transaction:

2018-10-24

11.00 hrs BST

f)

Place of the transaction:

London Stock Exchange, AIM

 

Contacts

Arc Minerals Ltd

Nick von Schirnding (Chairman)

 

+44 (0) 20 7917 2942

SP Angel (Nominated Adviser & Broker)

Ewan Leggat / Lindsay Mair / Soltan Tagiev

+44 (0) 20 3470 0470

 

 

 


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