PCA Dealing & Holdings in the Company

RNS Number : 0156Z

URU Metals Limited

19 January 2022

 

19 January 2022

URU  Metals Limited

("URU" or "the Company")

PCA Dealing & Holdings in the Company

URU announces that it has today been informed by Captor Capital Corporation ("Captor") that on 19 January 2022 it disposed 99,202 depositary interests of no par value each in the Company ("Ordinary Shares") at a price of 200 pence per Ordinary Share. As a result of the sale of 99,202  Ordinary Shares, Captor will no longer hold any Ordinary Shares. The Company was notified that from the total sale, 52,600 Ordinary Shares were purchased by Lexinter International Limited, a substantial shareholder in the Company.

As a result of the purchase of the 52,600 Ordinary Shares from Captor, Lexinter Internal Limited now holds 307,203 Ordinary Shares in the Company, representing approximately 18.66% of the issued share capital of the Company.

As a result of the sale of Ordinary Shares by Captor, John Zorbas has decreased his indirect beneficial interest in 6.02% of the issued share capital of the Company, held indirectly through Captor Capital Corporation. John Zorbas exercises control over Captor Capital Corporation due to his position as Chief Executive Officer and his shareholding in Captor Capital Corporation.

Following the sale of Ordinary Shares by Captor, John Zorbas' resulting beneficial interest, direct and indirect, in the issued share capital of the Company is 504,232 Ordinary Shares, representing approximately 30.62% of the issued share capital of the Company.

Dealings by Persons Closely Associated ("PCA") with a Person Discharging Managerial Responsibilities ("PDMR")

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1) Captor Capital Corporation .
2	Reason for the notification
a)	Position/status	1)  PCA of John Zorbas - CEO of URU Metals Limited
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	URU Metals Limited
b)	LEI	213800ZPHWT9VE1H1Q84
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	Depositary interests of no par value each
	Identification code	ISIN: VGG930042012
b)	Nature of the transaction	1.  Sale of Ordinary Shares
c)	Price(s) and volume(s)		Price(s) Volume(s) 200 99,202
d)	Aggregated information	Price(s) Volume(s) 200 99,202
	- Aggregated volume	Single transaction as per 4.c) above
	- Price
e)	Date of the transaction	19 January 2022
f)	Place of the transaction	Outside a trading venue

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. 

For further information, please contact:

URU Metals Limited John Zorbas (Chief Executive Officer)	[phone]
SP Angel Corporate Finance LLP (Nominated Adviser and Broker) Ewan Leggat	+ 44 (0) 203 470 0470

 

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