Director/PDMR Dealing

Director/PDMR Dealing

Armadale Capital Plc

Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company

23 January 2017

Armadale Capital Plc (‘Armadale’ or ‘the Company’)

Director/PDMR Dealing

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1.	Â	Details of the person discharging managerial responsibilities / person closely associated
a)		Names	Â	William Frewen – Non-Executive Chairman Steve Mahede – Non-Executive Director Nicholas Johansen – Non-Executive Director
2.		Reason for the Notification
a)		Position/status		See 1(a) above for positions – all classified as PDMRs of the Company
b)		Initial notification/ Amendment		Initial Notification
3.		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)		Name		Armadale Capital plc
b)		LEI		n/a
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		Ordinary shares of 0.1p (“Ordinary Shares”)
		Identification code		GB00BYMSY631
b)		Nature of the transaction		Placing for cash
c)		Price(s) and volume(s)		Price: 2.5p per Ordinary Shares Volumes(s): William Frewen – 1,000,000 Ordinary Shares Steve Mahede – 250,000 Ordinary Shares Nicholas Johansen – 300,000 Ordinary Shares
d)		Aggregated information:   Aggregated volume Price		William Frewen – 1,000,000 Ordinary Shares at 2.5p per Ordinary Share Steve Mahede – 250,000 Ordinary Shares at 2.5p per Ordinary Share Nicholas Johansen – 300,000 Ordinary Shares at 2.5p per Ordinary Share
e)		Date of the transaction		23 January 2017
f)		Place of the transaction		London Stock Exchange, AIM Market (XLON)

**ENDS**

Enquiries:	Â
Armadale Capital Plc Charles Zorab, Company Secretary		[phone]
Nomad and broker: finnCap Ltd Christopher Raggett / Simon Hicks		[phone]
Joint Broker: Beaufort Securities Limited Jon Belliss		[phone]
Press Relations: St Brides Partners Ltd Charlotte Page / Susie Geliher		[phone]

Notes

Armadale Capital Plc is focused on investing in and developing a portfolio of investments, targeting the natural resources and/or infrastructure sectors in Africa. The company, led by a team with operational experience and a strong track record in Africa, has a strategy of identifying high growth businesses where it can take an active role in their advancement.

The Company owns the Mahenge Liandu graphite project in south-east Tanzania, which is now its main focus. The project is located in a highly prospective region with proven coarse flake, high grade graphite.

Other assets Armadale has an interest in include the Mpokoto Gold project in the DRC and a portfolio of quoted investments.

More information can be found on the website www.armadalecapitalplc.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20170123005586/en/