Director/PDMR Shareholding

RNS Number : 3996D

Rainbow Rare Earths Limited

25 June 2019

 

Rainbow Rare Earths Limited
("Rainbow" or the "Company")

Director/PDMR Shareholding

Pella Ventures Limited, Rainbow’s largest shareholder, in which Chairman of the Company Adonis Pouroulis has a beneficial interest, has today transferred in 500,000 shares of the Company at 10p per Ordinary Share relating to a prior agreement.  Following this transaction the Trustees of the Zeus Settlement have been notified by the Directors of Pella Ventures Limited of an oversight in which certain transfers were effected in 2018 and not notified to the Trustees.  The updated beneficial interest for Adonis Pouroulis is now 47,217,287 Ordinary Shares, representing 21.59 per cent. of the issued share capital of the Company.

For further information, please contact:

Rainbow Rare Earths Ltd	Martin Eales	Tel: [phone]
Arden Partners plc	Paul Shackleton Benjamin Cryer	Tel: [phone]
St Brides Partners Ltd	Priit Piip Isabel de Salis	Tel: [phone]

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Adonis Pouroulis
2.	Reason for the notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Rainbow Rare Earths Limited
b)	LEI	213800HONYSAXTG6KS11
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 No Par Value GG00BD59ZW98
b)	Nature of the transaction	Sale and Purchase of Shares of No Par Value
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		£0.10	1,126,016
d)	Aggregated information -     Aggregated volume -     Price	Sale 1,626,016 shares at 10p Purchase 500,000 shares at 10p
e)	Date of the transaction	Sale Transactions 31 January 2018 Purchase Transaction 25 June 2019
f)	Place of the transaction	Outside of a trading venue

 

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