Directors Subscription

RNS Number : 9534P

Landore Resources Limited

22 February 2021

 

22 February 2021

Landore Resources Limited

("Landore Resources" or the "Company")

Directors Subscription

Landore Resources Limited (AIM:LND) announced on 16 February 2021 that it had raised gross proceeds of £3.5 million through a placing and subscription of 11,666,667 new Ordinary Shares at a price of 30 pence per new Ordinary Share with new and existing investors in the company (the "Fundraising").

As part of the Fundraising, it was announced that certain Directors of the company subscribed for the following number of shares:

Director	Position	New Ordinary Shares Subscribed For	Shareholding Following Admission	% Shareholding Following Admission
William Humphries	Chief Executive Officer	166,667	5,430,856	5.20%
Glenn Featherby	Finance Director	133,333	2,667,279	2.55%
Helen Green	Non-Executive Director	33,333	247,640	0.24%

Admission of the new Ordinary Shares to trading on AIM became effective at 8.00 a.m. on 22 February 2021 ("Admission"). The new Ordinary Shares will rank pari passu with the Existing Ordinary Shares.

-ENDS-

For more information, please contact:

Landore Resources Limited
Bill Humphries, Chief Executive Officer	Tel: [phone]
Glenn Featherby, Finance Director	Tel: [phone]
Cenkos Securities (Nominated Advisor and Broker)
Derrick Lee / Peter Lynch	Tel: [phone]

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bill Humphries
2.	Reason for the Notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Landore Resources Limited
b)	LEI	21380019CJ5T1PNY3Q69
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 no par value
	Identification code	GG00BMX4VR69
b)	Nature of the Transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	166,667 shares at 30p
d)	Aggregated information Aggregated volume Price	£50,000.10
e)	Date of the transaction	16 February 2021
f)	Place of the transaction	London Stock Exchange, AIM (LON:LND)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Glenn Featherby
2.	Reason for the Notification
a)	Position/status	Finance Director
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Landore Resources Limited
b)	LEI	21380019CJ5T1PNY3Q69
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 no par value
	Identification code	GG00BMX4VR69
b)	Nature of the Transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	133,333 shares at 30p
d)	Aggregated information Aggregated volume Price	£39,999.90
e)	Date of the transaction	16 February 2021
f)	Place of the transaction	London Stock Exchange, AIM (LON:LND)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Helen Green
2.	Reason for the Notification
a)	Position/status	Non-Executive Director
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Landore Resources Limited
b)	LEI	21380019CJ5T1PNY3Q69
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 no par value
	Identification code	GG00BMX4VR69
b)	Nature of the Transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	33,333 shares at 30p
d)	Aggregated information Aggregated volume Price	£9,999.90
e)	Date of the transaction	16 February 2021
f)	Place of the transaction	London Stock Exchange, AIM (LON:LND)

 

END

 

 

DSHDKBBBOBKDNBB