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Rainbow Rare Earths - Director/PDMR Shareholding

RNS Number : 5464R
Rainbow Rare Earths Limited
30 June 2020
 

FOR IMMEDIATE RELEASE

30 June 2020

Rainbow Rare Earths Limited

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

 

Director/PDMR Shareholding

The Company announces that Adonis Pouroulis, Non-Exectuive Chairman, has acquired 1,329,186 ordinary shares of no par value ("Ordinary Shares") from Shawn McCormick, Non-Executive Director, at a price of 3 pence per share. 

 

As a result of this transaction the beneficial ownership of Adonis Pouroulis and Shawn McCormick in the Ordinary Shares of the Company are as follows:


Total shares held prior to transaction

Total shares held post
 transaction


No

%

No

%

Adonis Pouroulis1

75,149,678

17.8%

76,478,864

18.1%

Shawn McCormick1

10,645,757

2.5%

9,316,571

2.2%

 

1.     Shares held via a discretionary trust

 

1.             

Details of the person discharging managerial responsibilities/person closely associated

(a)          

Full name of person Dealing

Adonis Pouroulis

2.             

Reason for notification

(a)          

Position/status

Non-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 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

Purchase of Ordinary Shares

(d)          

Price(s) and volume(s)

Prices(s)

Volume(s)

3 pence

1,329,186

 

(e)           

Aggregated information:

- Aggregated volume

- Price

 

N/A single transaction

(f)           

Date of transaction

30 June 2020

(g)           

Place of transaction

Outside a Trading Venue

 

1.             

Details of the person discharging managerial responsibilities/person closely associated

(a)          

Full name of person Dealing

Shawn McCormick

2.             

Reason for notification

(a)          

Position/status

Non-Executive Director

(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)

3 pence

1,329,186

 

(e)           

Aggregated information:

- Aggregated volume

- Price

 

N/A single transaction

(f)           

Date of transaction

30 June 2020

(g)           

Place of transaction

Outside a Trading Venue

 

**ENDS**

For further information, please contact

Rainbow Rare Earths Ltd

Company

George Bennett

Pete Gardner

+27 82 652 8526

+44 (0) 20 3910 4551

SP Angel Corporate Finance LLP

Joint Broker

Ewan Leggat

Charlie Bouverat

+44 (0) 20 3470 0470

Turner Pope Investments

Joint Broker

Andy Thacker

Zoe Alexander

+44 (0) 20 3657 0050

 


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END
 
 
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Quick facts: Rainbow Rare Earths Limited

Price: 3.5

Market: LSE
Market Cap: £14.77 m
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