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Directors' Dealing

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RNS Number : 4983S
Arc Minerals Limited
11 March 2019
 

11 March 2019

Arc Minerals Ltd 

('Arc' or the 'Company')

Directors' Dealing 

Arc Minerals announces that it was today notified that Mr Nick von Schirnding, Executive Chairman of the Company, had today purchased 500,000 shares of no par value in the Company ("Ordinary Shares") at a price of 2.50 pence per share.

Following this transaction, Nick von Schirnding holds a beneficial interest in 16,440,532 Ordinary Shares representing approximately 2.33 per cent. of the Company's issued share capital. In addition, Mr von Schirnding holds a beneficial interest in 16,175,752 options and warrants.  

Market Abuse Regulation (MAR) Disclosure

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.

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:

Nick von Schirnding   

2.     

Reason for the notification

a)

Position/status:

Executive Chairman

b)

Initial notification/Amendment:

Initial notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Arc Minerals Limited

b)

LEI:

213800XHFJVCC9GP2G75

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 no par value   

VGG045791016

b)

Nature of the transaction:

Purchase of shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

2.50 pence

500,000

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

2.50 pence

500,000

 

 

 

e)

Date of the transaction:

2019-03-11

14.20 UTC

f)

Place of the transaction:

London Stock Exchange, AIM

 

 

Contacts

 

Arc Minerals Ltd

Nick von Schirnding (Chairman)

 

+44 (0) 20 3874 8664

SP Angel (Nominated Adviser & Broker)

Ewan Leggat / Soltan Tagiev

+44 (0) 20 3470 0470

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
DSHGGUBGWUPBGAG

Quick facts: Arc Minerals Limited

Price: 2.9

Market: AIM
Market Cap: £20.78 m
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