Director/PDMR Shareholding

RNS Number : 7504P

Argos Resources Ltd

04 September 2017

 

4 September 2017

ARGOS RESOURCES LIMITED

("Argos" or "the Company")

Director / PDMR Shareholding

Argos Resources Limited (AIM: ARG.L), the Falkland Islands based exploration company focused on the North Falkland Basin, announces that it has issued 1,000,000 new ordinary shares of 2p each (the "New Ordinary Shares") pursuant to the exercise of options by John Hogan, Managing Director of the Company, at a price of 2p per New Ordinary Share.

Application has been made for admission of the New Ordinary Shares issued to trading on AIM, which is expected to occur on 8 September 2017. Following the issue of the New Ordinary Shares, which rank pari passu to the existing ordinary shares in the Company, the Company has 220,713,205 ordinary shares of 2p each ("Ordinary Shares") in issue, all of which have voting rights. Accordingly, this figure of 220,713,205 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

The Company has also been notified that, subsequent to the exercise of options described above, Mr Hogan has transferred for nil consideration a total of 1,250,000 Ordinary Shares to his daughter, who is of majority age and so is not a Person Closely Associated with Mr Hogan (within the meaning of the Market Abuse Regulation) and 750,000 Ordinary Shares from his own name to a nominee account in which he holds the sole beneficial interest. As a result of these transactions, Mr Hogan's interest in the Company now stands at 1,750,000 shares, representing 0.79 per cent. of the Company's issued share capital.

For further information:

Argos Resources Limited ([phone])

www.argosresources.com

Ian Thomson, Chairman

John Hogan, Managing Director

Cenkos Securities plc (Nomad & Broker)

Derrick Lee ([phone])

Neil McDonald ([phone])

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Hogan
2.	Reason for the Notification
a)	Position/status	Managing Director
b)	Initial notification/Amendment	Initial
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Argos Resources Ltd
b)	LEI	213800JFBALNFGTAJM89
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 2p each
	Identification code	FK0114538241
b)	Nature of the transaction	Exercise of options
c)	Price(s) and volume(s)	Price(s) Volume(s) 2p 1,000,000
d)	Aggregated information: ·     Aggregated volume ·     Price	N/A
e)	Date of the transaction	4 September 2017
f)	Place of the transaction	London Stock Exchange, AIM Market (ARG)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Hogan
2.	Reason for the Notification
a)	Position/status	Managing Director
b)	Initial notification/Amendment	Initial
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Argos Resources Ltd
b)	LEI	213800JFBALNFGTAJM89
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 2p each
	Identification code	FK0114538241
b)	Nature of the transaction	Transfer of shares to nominee account
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 750,000
d)	Aggregated information: ·     Aggregated volume ·     Price	N/A
e)	Date of the transaction	4 September 2017
f)	Place of the transaction	London Stock Exchange, AIM Market (ARG)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Hogan
2.	Reason for the Notification
a)	Position/status	Managing Director
b)	Initial notification/Amendment	Initial
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Argos Resources Ltd
b)	LEI	213800JFBALNFGTAJM89
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 2p each
	Identification code	FK0114538241
b)	Nature of the transaction	Gift of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) nil 1,250,000
d)	Aggregated information: ·     Aggregated volume ·     Price	N/A
e)	Date of the transaction	4 September 2017
f)	Place of the transaction	London Stock Exchange, AIM Market (ARG)

 

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