PDMR Dealing

RNS Number : 5741E

Rainbow Rare Earths Limited

06 November 2020

 

FOR IMMEDIATE RELEASE

6 November 2020

Rainbow Rare Earths Limited

("Rainbow" or the "Company") (LSE: RBW)

Director/PDMR Shareholding

The Company announces that Cesare Morelli, Chief Geologist, has sold 640,315 ordinary shares of no par value ("Ordinary Shares") at an aggregate price of 6.51 pence per share. 

As a result of this transaction the beneficial ownership of Cesare Morelli in the Ordinary Shares of the Company is as follows:

	Total shares held prior to transaction		Total shares held post  transaction
	No	%	No	%
Cesare Morelli1	1,889,995	0.45%	1,249,680	0.30%

1.  Shares held via a discretionary trust

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Full name of person Dealing	Cesare Morelli
2.	Reason for notification
(a)	Position/status	Chief Geologist
(b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name of entity	Rainbow Rare Earths Limited
(b)	LEI	213800HONYSAXTG6KS11
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 no par value each
(b)	Identification code	GG00BD59ZW98
(c)	Nature of the transaction	Sale of Ordinary Shares
(d)	Price(s) and volume(s)	Prices(s) Volume(s) 6.51 pence 640,315
(e)	Aggregated information: - Aggregated volume - Price	N/A  single transaction
(f)	Date of transaction	6 November 2020
(g)	Place of transaction	London Stock Exchange

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

**ENDS**

For further information, please contact

Rainbow Rare Earths Ltd	Company	George Bennett Pete Gardner	[phone]
SP Angel Corporate Finance LLP	Broker	Ewan Leggat Charlie Bouverat	[phone]

 

END

 

 

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