RNS

RNS Number : 5016O
Arc Minerals Limited
18 May 2018
 

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

 

 

18 May 2018

Arc Minerals Ltd 

('Arc' or the 'Company')

 

Directors' Dealing

 

Arc Minerals announces that it was notified that Mr Nick von Schirnding, Executive Chairman of the Company, had purchased 471,075 shares of no par value in the Company ("Ordinary Shares") yesterday at a price of 2.73 pence per share.

 

Following this transaction, Nick von Schirnding holds a beneficial interest in 7,631,075 Ordinary Shares representing approximately 1.42 per cent. of the Company's issued share capital.

 

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)

2.73 pence

471,075

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

2.73 pence

471,075

 

 

 

e)

Date of the transaction:

2018-05-17

08.16 hrs UTC

f)

Place of the transaction:

London Stock Exchange, AIM

 

 

Contacts

 

Arc Minerals Ltd

Nick von Schirnding (Chairman)

 

+44 (0) 20 3874 8664

SP Angel (Nominated Adviser & Broker)

Ewan Leggat / Lindsay Mair / Soltan Tagiev

+44 (0) 20 3470 0470

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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