Admission of new shares/ PDMR Dealing

RNS Number : 4813R

Strategic Minerals PLC

21 September 2017

 

21 September 2017

Strategic Minerals plc

("Strategic Minerals" or the "Company" or "SML")

Admission of new shares / PDMR Dealing

Further to the announcement released on 29 August 2017, Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral production and development company, announces that Mr. John Peters, Managing Director of the Company, exercised options over 10,000,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of £0.01 per share.  Application has been made for 10,000,000 new Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission").  Admission of these new Ordinary Shares is now expected to occur on 25 September 2017.

Following the exercise of the share options, Mr. Peters will have an interest in 20,000,000 Ordinary Shares, representing 1.59% of the issued ordinary share capital of the Company, as enlarged by the above exercise of share options.

Following the issue of new Ordinary Shares in connection with the above share option exercise, the total issued share capital of the Company consists of 1,255,825,560 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 1,255,825,560 and this figure 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 FCA's Disclosure and Transparency Rules.

Market Abuse Regulation (MAR) Disclosure

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Mr. John Peters
2.	Reason for the notification
a)	Position/status:	Managing Director
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Strategic Minerals plc
b)	LEI:	213800DICA5NPVOJT776
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 0.1p each GB00B4W8PD74
b)	Nature of the transaction:	Exercise of options over ordinary shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 0.01 pence 10,000,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 0.01 pence 10,000,000
e)	Date of the transaction:	29 August 2017
f)	Place of the transaction:	London Stock Exchange, AIM (XLON)

For further information, please contact:

Strategic Minerals plc	[phone]
John Peters
Managing Director
www.strategicminerals.net
Follow Strategic Minerals on:
Vox Markets:  https://www.voxmarkets.co.uk/company/SML/
Twitter:           @SML_Minerals
LinkedIn:         https://www.linkedin.com/company/strategic-minerals-plc
Facebook:       https://www.facebook.com/search/top/?q=strategic%20minerals%20plc
SP Angel Corporate Finance LLP	[phone]
Nominated Adviser and Joint Broker
Ewan Leggat
Optiva Securities Limited	[phone]
Joint Broker
Graeme Dickson
Yellow Jersey PR	[phone]
Financial PR
Felicity Winkles
Joe Burgess
Henry Wilkinson

Notes to Editors

Strategic Minerals Plc is an AIM-quoted, diversified mineral development and production company with projects in the United States of America, the UK and Australia. The Company is focused on acquiring and developing cash generative, high quality projects which meet local market demand for commodities and utilising this cash flow to undertake value added exploration.

In September 2011, Strategic Minerals purchased its first cash generating asset; the Cobre magnetite tailings dam project in New Mexico, USA which it brought into production in 2012 and which continues to provide a revenue stream for the Company. The portfolio was expanded in January 2016 with the acquisition of shares in Central Australian Rare Earths Pty Ltd, which holds tenements in Western Australia and the Northern Territory that are prospective for cobalt, gold, nickel sulphides and rare earths. The Company has since acquired all shares in Central Australian Rare Earths Pty Ltd. In May 2016, an additional exploration asset was acquired when the company entered into an agreement with New Age Exploration Limited to acquire up to 50% of the Redmoor Tin/Tungsten project in Cornwall, UK. This 50% acquisition has now been completed and drilling at the project has commenced.

 

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