Directors' Interests & Total Voting Rights

RNS Number : 0304H

Shanta Gold Limited

14 May 2014

 



Shanta Gold Limited

 ("Shanta Gold" or the "Company")

DIRECTORS' INTERESTS AND TOTAL VOTING RIGHTS

Shanta Gold, the East Africa focused gold production and exploration company announces, that pursuant to terms of his director service contract, a non-executive director of the Company will be receiving a portion of his annual fee in the form of Shanta Gold ordinary shares. The price at which the shares are being issued is calculated as the 10 business day VWAP immediately prior to 13 April 2013, the date that the service agreement was signed and the shares will be issued today.

Further details are as follows:

Director	Number of Ordinary Shares Acquired	Average Price of Ordinary Shares Acquired	Total Number of Ordinary Shares Held Following Transaction	% of Company's Issued Capital Following Transaction
Anthony Durrant	225,606	17.73 pence	1,251,212	0.27%

Application has been made to the London Stock Exchange for 225,606 ordinary shares of 0.01 pence in Shanta Gold to be admitted to trading on AIM ("Admission"), and it is expected that Admission will occur on or around 19 May 2014.

In accordance with Financial Conduct Authority's Disclosure and Transparency Rules ("DTR"), following the issue and Admission, the total issued share capital of the Company with voting rights will be 464,388,679 ordinary shares.

The above figure of 464,388,679 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the DTR.

Enquiries:

Shanta Gold Limited

Tel: [phone]

Mike Houston / Patrick Maseva-Shayawabaya

Nominated Adviser and Joint Broker

Peel Hunt LLP

Tel: + 44 (0)20 7418 8900

Matthew Armitt / Ross Allister

Joint Broker

GMP Securities Europe LLP

Tel: + 44 (0)20 7647 2800

Richard Greenfield / Alexandra Carse

Financial Public Relations

FTI Consulting

Oliver Winters/Sara Powell

Tel: [phone]

About Shanta Gold Limited

Shanta Gold is an East African focused gold producing company. It currently has defined ore resources on the New Luika and Singida projects in Tanzania and holds exploration licences over a number of additional properties. The Company's flagship New Luika Gold Mine commenced production in 2012 and produced 64,000 ounces in 2013. The Company is admitted to trading on AIM and has approximately

464 million shares in issue. For further information visit the Company's website: www.shantagold.com.

 

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