RNS

RNS Number : 8465X
Ortac Resources Limited
29 November 2017
 

29 November 2017

ORTAC RESOURCES LTD

("Ortac" or the "Company")

Directors' Dealing

Ortac Resources Ltd, the AIM listed exploration and mine development company, announces that it was today notified that today Mr Nick von Schirnding, Chairman of the Company, bought 400,000 ordinary shares of the Company ("Ordinary Shares") at a price of 2.65p per share.

Following this transaction, Nick von Schirnding will have a beneficial interest in 2,993,333 Ordinary Shares representing approximately 0.90 per cent. of the Company's issued ordinary 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.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealing.

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:

Chairman

b)

Initial notification/Amendment:

Initial notification

3.     

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

a)

Name:

Ortac Resources Limited

b)

LEI:

213800XHFJVCC9GP2G75

4a.     

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    

VGG6829M1187

b)

Nature of the transaction:

Purchase of shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

2.65 pence

 400,000

 

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

2.65 pence

400,000

 

 

e)

Date of the transaction:

2017-11-29

08.40 hrs UTC

f)

Place of the transaction:

AIM London Stock Exchange

 

-ENDS-

For further information, please contact:

 

Ortac Resources 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


Celicourt Communications (PR)

 



Mark Antelme / Jimmy Lea

+44 (0)20 7520 9261





 


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