Director Dealing and Issue of Equity

RNS Number : 1755P

Shanta Gold Limited

07 February 2023

 

7 February 2023

Shanta Gold Limited

("Shanta Gold", "Shanta" or the "Company")

Director Dealing and Issue of Equity

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, announces 2022 performance pay in shares for Senior Management: Eric Zurrin (Chief Executive Officer) and Luke Leslie (Chief Financial Officer). Performance pay in shares is based on prescribed KPIs set out at the beginning of 2022 and the number of shares awarded is calculated based on an average share price over the calendar year 2022. Each have been issued with ordinary shares of 0.01p each in the Company ("Ordinary Shares"). In aggregate, this will result in the issuance of 3,209,026 Ordinary Shares.  Details of the individual awards specifically relating to the Executive Directors of Shanta Gold Limited that are classified as PDMRs are set out below.

Application has been made to London Stock Exchange plc ("LSE") for those 3,209,026 Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur and dealings in the new Ordinary Shares are expected to commence on the LSE at 8.00 a.m. on or around 10 February 2023.

From Admission, the Company's issued ordinary share capital will comprise 1,051,467,684 ordinary shares with voting rights. No ordinary shares are held in treasury. The figure of 1,051,467,684 may be used by the Company's shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

Enquiries:

Shanta Gold Limited
Eric Zurrin (CEO)	[phone]
Luke Leslie (CFO)
Nominated Adviser and Joint Broker
Liberum Capital Limited
Scott Mathieson / Ed Thomas / Nikhil Varghese / Lucas Bamber	[phone]
Joint Broker
Tamesis Partners LLP
Charlie Bendon / Richard Greenfield	[phone]
Public Relations
FTI Consulting Sara Powell / Nick Hennis	[phone]

Notification of transaction by   Person Discharging Managerial Responsibilities ("PDMR')

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Eric Zurrin
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	Shanta Gold Limited
b.	LEI	2138004VR5BVV1VD7P81
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 0.01 pence each GB00BOC6R828
b.	Nature of the transaction	Issuance of new ordinary shares as part of salary sacrifice and performance payment
c.	Price(s) and volume(s)	Price(s) Nil cost	Volume(s) 1,885,770
d.	Aggregated information · Aggregated volume · Price	1,885,770 Nil cost
e.	Date of the transaction	6 February 2023
f.	Place of the transaction	Off Market

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Luke Leslie
2.	Reason for the notification
a.	Position/status	Chief Financial Officer
b.	Initial notification /Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Shanta Gold Limited
b.	LEI	2138004VR5BVV1VD7P81
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 0.01 pence each GB00BOC6R828
b.	Nature of the transaction	Issuance of new ordinary shares as part of salary sacrifice and performance payment
c.	Price(s) and volume(s)	Price(s) Nil cost	Volume(s) 1,323,256
d.	Aggregated information · Aggregated volume · Price	1,323,256 Nil cost
e.	Date of the transaction	6 February 2023
f.	Place of the transaction	Off market

About Shanta Gold

Shanta Gold is an East Africa-focused responsible gold producer, developer, and explorer. The company has an established operational track record, with defined ore resources on the New Luika and Singida projects in Tanzania, with reserves of 645 koz grading 3.0 g/t, and exploration licences covering approximately 800 km2 in the country. Alongside New Luika and Singida, Shanta also owns the high-grade West Kenya Project in Kenya and licences with resources of 1.7 million ounces including 722 Koz in the Indicated category grading 11.45 g/t. With a healthy balance sheet, a growing diversified portfolio and a maiden dividend paid in 2021, Shanta offers a resilient investment opportunity for the near and long-term. Shanta is quoted on London's AIM market (AIM: SHG) and has approximately 1,048 million shares in issue.

ENDS

 

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