Director Share Purchase

Director Share Purchase

Armadale Capital Plc

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

Director Share Purchase

Armadale Capital plc (LON: ACP) the AIM quoted investment company focused on natural resource projects in Africa, announces that today it was notified that on 31 May 2019, Value Generation Limited, a company wholly owned by Paul Johnson, Non-Executive Director of the Company, and wife Michelle Johnson, purchased 350,000 ordinary shares in the share capital of the Company (“Ordinary Shares”) at a price of 1.2275 pence per Ordinary Share and have completed the share transaction set out in the table below.

Following this purchase, Value Generation Limited’s total beneficial ownership in the Company is 2,622,727 Ordinary Shares, which represents 0.699% of the Company’s issued share capital.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

**ENDS**

For further information, please visit the Company’s website www.armadalecapitalplc.com, follow Armadale on Twitter @ArmadaleCapital or contact:

Enquiries:
Armadale Capital Plc Paul Johnson, Non-Executive Director (UK) Tim Jones, Company Secretary		[phone]
Nomad and broker: finnCap Ltd Christopher Raggett / Max Bullen-Smith		[phone]
Joint Broker: SI Capital Nick Emmerson		++44 (0) 1483 413500
Press Relations: St Brides Partners Ltd Isabel de Salis / Juliet Earl		[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 a high-grade JORC compliant Indicated and inferred mineral resource estimate of 51.1Mt @ 9.3% TGC, making it one of the largest high-grade resources in Tanzania, and work to date has demonstrated Mahenge Liandu’s potential as a commercially viable deposit with significant tonnage, high-grade coarse flake and near surface mineralisation (implying a low strip ratio) contained within one contiguous ore body.

Other assets Armadale has an interest in, include the Mpokoto Gold project in the Democratic Republic of Congo and a portfolio of quoted investments.

1		Details of the person discharging managerial responsibilities / person closely associated
a)		Name		Value Generation Limited, a company wholly owned by Paul Johnson and Michelle Johnson (PDMR & PCA)
2		Reason for the notification
a)		Position/status		PDMR – Non-Executive Director & PCA
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		213800495EK876JETD10
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 0.1 pence each GBP
		Identification code		GB00BYMSY631
b)		Nature of the transaction		Purchase of Ordinary Shares
c)		Price(s) and volume(s)
						Price(s)		Volume(s)
						1.2275 pence		350,000
d)		Aggregated information
		- Aggregated volume		350,000
		- Price		1.2275 pence per Ordinary Share
e)		Date of the transaction		31 May 2019
f)		Place of the transaction		London Stock Exchange XLON

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