Director/PDMR Shareholding

RNS Number : 2535L

Bens Creek Group PLC

30 December 2022

 

30 December 2022

Bens Creek Group plc

("Bens Creek", the "Group" or the "Company")

Acquisition of share options by PDMR

Bens Creek Group plc (AIM:BEN), the owner of a metallurgical coal mine in North America supplying the steel industry, is pleased to announce that Robin Fryer, Non-Executive Chairman of the Company and a person discharging managerial responsibility ("PDMR"), on 29 December 2022, acquired 150,000 options over ordinary shares in the Company from a former US-based employee at a price of 16.5p per option. In the event that Robin Fryer exercises the share options, he will also be required to pay the Company 5p per share option exercised.

Following the purchase of options, Robin Fryer now holds 300,000 options over ordinary shares in the Company.

The notification and public disclosure of transactions by persons discharging managerial responsibilities in accordance with the requirements of the EU Market Abuse Regulation, which forms part of Domestic UK Law pursuant to the European Union (Withdrawal) Act 2018, is appended below.

The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation, is appended further below.

  For further information please contact:

Bens Creek Group plc Adam Wilson, CEO Murat Erden, CFO	[phone]
Allenby Capital Limited (Nominated Adviser and Joint Broker) Nick Athanas / Nick Naylor / George Payne (Corporate Finance) Kelly Gardiner (Sales and Corporate Broking)	[phone]
WH Ireland Limited (Joint Broker) Harry Ansell / Katy Mitchell	[phone]

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	Robin Fryer
2	Reason for the notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Bens Creek Group plc
b)	LEI	213800I3FGJ7KAZGEG14
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	Ordinary Shares of 0.1 pence each
	Identification code	GB00BP814F22
b)	Nature of the transaction	Purchase of Options over the Ordinary Shares in the Company
c)	Price and volume	Price: 16.5 pence per option Volume: 150,000
d)	Aggregated information
	Aggregated volume	150,000
	Price Principal amount	16.5 pence per option £24,750
e)	Date of the transaction	29 December 2022
f)	Place of the transaction	Outside of a trading venue

 

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