Directors' Dealing

RNS Number : 2937Y

Arc Minerals Limited

08 May 2019

 

8 May 2019

Arc Minerals Ltd 

('Arc' or the 'Company')

Directors' Dealing 

Arc Minerals announces that yesterday it was notified that Mr Nick von Schirnding, Executive Chairman of the Company, had purchased 230,000 shares of no par value in the Company ("Ordinary Shares") yesterday at a price of 2.53 pence per share.

Following this transaction, Nick von Schirnding holds a beneficial interest in 17,080,532 Ordinary Shares representing approximately 2.42 per cent. of the Company's issued share capital. In addition, Mr von Schirnding holds a beneficial interest in 16,175,752 options and warrants.  

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) 2.53 pence 230,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 2.53 pence 230,000
e)	Date of the transaction:	2019-05-07 15.55 BST
f)	Place of the transaction:	London Stock Exchange, AIM

Contacts

Arc Minerals Ltd Nick von Schirnding (Chairman)	[phone]
SP Angel (Nominated Adviser & Broker) Ewan Leggat / Soltan Tagiev	[phone]

 

END

 

 

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