Director's Shareholding

RNS Number : 7535Z

Sula Iron & Gold PLC

17 March 2017

 

17 March 2017

Sula Iron & Gold plc

("Sula" or the "Company")

Director's Shareholding

Sula (AIM: SULA), the gold exploration company focused on Sierra Leone, was yesterday notified that further to the Company's Placing and Subscription of 18 November 2016, in which Matt Wood, an Executive Director of the Company, subscribed for, in aggregate, 16,172,848 ordinary shares of 0.1p each in the capital of the Company (the "Ordinary Shares"), 11,904,762 of such Ordinary Shares, held by ONE Advisory Limited (the "ONE Advisory Shares"), a company of which Matt Wood is a director, were yesterday distributed directly to certain employees of ONE Advisory Limited.

Accordingly, Matt Wood is now interested in 5,763,727 Ordinary Shares, representing approximately 0.3 per cent. of the Company's issued share capital.

For further information, please visit www.sulaironandgold.com or contact:

Sula Iron & Gold plc Roger Murphy (CEO)	[phone]
Strand Hanson Limited (Financial and Nominated Adviser) James Harris / Matthew Chandler / James Dance	[phone]
VSA Capital Limited (Broker) Andrew Raca	[phone]
Ongeza Mining (Technical Adviser) Iain Macpherson / Ilja Graulich	[phone]

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

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Matt Wood
2	Reason for notification
a.	Position/Status	Director and FD of Sula Iron & Gold plc
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Sula Iron & Gold plc
b.	LEI	213800VNXOUPHTX53686
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; and (iii) each date transactions have been conducted
a.	Description of the financial instrument, type of instrument Identification Code	Ordinary Shares of 0.1p each ISIN: GB00B6Y3CV16
b.	Nature of the transaction	Transfer of shares from a company of which the PDMR is a director
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.0042	11,904,762
d.	Date of the transaction	2017-03-16

 

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