Chief Executive Share Purchase

Beowulf Mining PLC

28 June 2024

 

28 June 2024

Beowulf Mining plc

("Beowulf" or the "Company")

Chief Executive Share Purchase

Beowulf (AIM: BEM; Spotlight: BEO), announces that Ed Bowie, the Company's Chief Executive Officer has today acquired 13,552 shares at a price of £0.369 per share. This takes Mr Bowie's total shareholding to 243,059 shares, representing approximately 0.6% of the Company's issued share capital.

Mr Bowie's purchase of shares follows the aggregate subscription by the Company's Board and Senior Management of approximately £218,000 in Beowulf's recent Capital Raise.

Enquiries:

Beowulf Mining plc

Ed Bowie, Chief Executive Officer                     [e-mail]

SP Angel

(Nominated Adviser & Joint Broker)       

Ewan Leggat / Stuart Gledhill / Adam Cowl         Tel: [phone]

Alternative Resource Capital

(Joint Broker)

Alex Wood                                                        Tel: [phone]

BlytheRay        

Tim Blythe / Megan Ray                                     Tel: [phone]

Cautionary Statement

Statements and assumptions made in this document with respect to the Company's current plans, estimates, strategies and beliefs, and other statements that are not historical facts, are forward-looking statements about the future performance of Beowulf. Forward-looking statements include, but are not limited to, those using words such as "may", "might", "seeks", "expects", "anticipates", "estimates", "believes", "projects", "plans", strategy", "forecast" and similar expressions. These statements reflect management's expectations and assumptions in light of currently available information. They are subject to a number of risks and uncertainties, including, but not limited to , (i) changes in the economic, regulatory and political environments in the countries where Beowulf operates; (ii) changes relating to the geological information available in respect of the various projects undertaken; (iii) Beowulf's continued ability to secure enough financing to carry on its operations as a going concern; (iv) the success of its potential joint ventures and alliances, if any; (v) metal prices, particularly as regards iron ore. In the light of the many risks and uncertainties surrounding any mineral project at an early stage of its development, the actual results could differ materially from those presented and forecast in this document. Beowulf assumes no unconditional obligation to immediately update any such statements and/or forecast.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ed Bowie
2	Reason for the notification
a)	Position/status	CEO
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Beowulf Mining Plc
b)	LEI	213800MV3XGAOASPT433
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 5p each
	Identification code	GB00BQ1LGQ19
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	36.9p 13,552
d)	Aggregated information
	- Aggregated volume	Not Applicable
	- Price
e)	Date of the transaction	28 June 2024
f)	Place of the transaction	AIM

 

END