Issue of Equity and Director Holdings

RNS Number : 0884T

Eurasia Mining PLC

30 December 2016

 

Eurasia Mining plc (AIM: EUA) 

("Eurasia" or the "Company")

Issue of Equity and directors holdings

Eurasia Mining plc ("Eurasia" or "the Company"), the PGM mining and exploration company, announces that it has issued 12,413,793 ordinary shares of 0.1 pence at 0.725 pence per share (the "New Shares") in settlement of invoices for various services including accrued directors fees. The shares are issued at 0.725 pence per share, being the closing share price on 29 December 2016.

Of the New Shares, 4,827,586 ordinary shares are being issued to Managing Director Christian Schaffalitzky bringing his total holding to 49,696,674 or 3.29% of issued share capital.

A further 7,586,207 shares are issued at 0.725 pence to other suppliers in lieu of accrued fees.

Accordingly the Company has today issued a total of 12,413,793 New Shares and dealings in these shares are expected to commence on the 6 January 2017.

Following the issue of the new shares the total number of issued ordinary shares in the Company will be 1,509,787,583 ordinary shares and consequently the total number of voting rights in the Company will be 1,589,787,583. This figure 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 the share capital of the Company under the Disclosure and Transparency Rules.

Enquiries:

Eurasia Mining Plc

Christian Schaffalitzky/Michael de Villiers

[phone]

WH Ireland Limited

Katy Mitchell/Nick Prowting

[phone]

Beaufort Securities

Elliot Hance

[phone]

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

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	Christian Schaffalitzky
2	Reason for the notification
a)	Position/status	Managing Director, Eurasia Mining plc
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Eurasia Mining plc
b)	LEI	N/A
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 0.1 pence each GB0003230421
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 0.725 pence 4,827,586
d)	Aggregated information -     Aggregated volume -     Price	4,827,586 0.725 pence
e)	Date of the transaction	30 December 2016
f)	Place of the transaction	London Stock Exchange, AIM

 

END

 

 

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