Director/PDMR Shareholding

RNS Number : 9375D

Pembridge Resources plc

02 July 2021

 

2 July 2021

Pembridge Resources plc

Director/PDMR Shareholding

London, United Kingdom - Pembridge Resources plc (LSE: PERE) ("Pembridge" or the "Company")  announces an increase in the shareholding of its Chairman and CEO, Gati Al-Jebouri, who is one of the Company's major shareholders.

The Company has been advised that Mr Gati Al-Jebouri has acquired an additional 281,363 Pembridge shares at an average price of 6.03p per share between 29 June and 1 July 2021.  As a result Mr Al-Jebouri's holding has increased from 20.71% to 21.02% of the issued share capital of the Company.

Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board of Pembridge said:

"I am pleased to have further increased my holding in the Company. I continue to see a substantial disconnect between the current share price and the underlying value of our assets, even more so given the anticipated restructuring of Minto and expected near-term listing on the TSXV in Canada. I believe the outlook for both the copper price and Pembridge is very positive and will continue to support as opportunities arise."

Enquiries:

Pembridge Resources plc:   [phone]

Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board

David James, Chief Financial Officer

Brandon Hill Capital - United Kingdom:                                         [phone]

Jonathan Evans

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR").

 PDMR Notification Form

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gati Al-Jebouri
2	Reason for the notification
a)	Position/status	Chairman & CEO
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pembridge Resources plc
b)	LEI	213800TBL26T6GO88M13
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
	Identification code	GB00BG107324
b)	Nature of the transaction	Purchase on market
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			0.06	98,058
			0.06	100,000
			0.06	83,305
d)	Aggregated information
	- Aggregated volume	281,363
	- Price	£ 16,966.18
e)	Date of the transaction	1/07/2021
f)	Place of the transaction	London UK

 

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