Arc Minerals announces that yesterday it was notified that Mr Nick von Schirnding, Executive Chairman of the Company, had purchased 230,000 shares of no par value in the Company ("Ordinary Shares") yesterday at a price of 2.53 pence per share.
Following this transaction, Nick von Schirnding holds a beneficial interest in 17,080,532 Ordinary Shares representing approximately 2.42 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:
Details of the person discharging managerial responsibilities/person closely associated
Nick von Schirnding
Reason for the notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Arc Minerals Limited
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
Description of the financial instrument, type of instrument:
Ordinary shares of no par value
Nature of the transaction:
Purchase of shares
Price(s) and volume(s):
Single transaction as in 4 c) above
Date of the transaction:
Place of the transaction:
London Stock Exchange, AIM
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.
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