Directors Dealings

RNS Number : 2501C

Rare Earth Minerals PLC

13 March 2014

 



13 March 2014

Rare Earth Minerals plc

("Rare Earth Minerals", "REM" or "the Company")

Directors Dealings

Rare Earth Minerals Plc (LSE AIM: REM) announces that the Chairman and the CEO of the Company have today acquired 10 million shares at an average price of 0.45 pence per share.

Mr. David Lenigas, Executive Chairman of the Company, on the 13 March 2014 acquired 5 million ordinary shares of 0.01 pence each in the Company ("Shares") at 0.45 pence per Share.  Following the acquisition, Mr. Lenigas' notifiable interest is 7,000,000 Shares, representing 0.14% of the Company's 5,167,952,383 total voting rights.

In addition, Kiran Morzaria, Chief Executive Officer of the Company, on the 13 March 2014 acquired 5 million ordinary shares of 0.01 pence each in the Company ("Shares") at 0.45 pence per Share. Following the acquisition, Mr. Morzarias' notifiable interest is 5,000,000 Shares, representing 0.10% of the Company's 5,167,952,383 total voting rights.

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 For further information please contact: 

Rare Earth Minerals plc                                                                   [phone]

David Lenigas

Kiran Morzaria

WH Ireland Limited (NOMAD & Joint Broker)                               [phone]

James Joyce

Nick Field

Hume Capital plc (Joint Broker)                                                     [phone]

Guy Peters

Jon Belliss

Square1 Consulting

David Bick                                                                                          [phone]

Mark Longson

 

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