08:05 Tue 13 Dec 2016
Richland Resources - Directors' Dealings
("Richland" or the "Company")
Directors' Dealings
Richland (AIM: RLD), the gemstones producer and developer, is pleased to announce that certain of the Company's directors and management have agreed to convert their outstanding fees and salaries due in respect of the period from
Application will be made in due course for the 5,392,520 Fee Conversion Shares to be admitted to trading on AIM and admission is expected to take place on or around
Following Admission, the beneficial shareholdings of each director of Richland will be as follows:
Director |
Position |
Number of Fee Conversion Shares to be received |
Total Number of Common Shares held on Admission |
% of voting rights held on Admission |
|
Non-Executive Chairman |
805,987 |
29,644,415 |
7.25 |
|
Non-Executive Deputy Chairman |
- |
7,811,800 |
1.91 |
|
Non-Executive Director |
729,227 |
49,061,932 |
12.00 |
|
Chief Executive Officer |
2,302,821 |
5,920,572 |
1.45 |
Related Party Transactions
The conversions of accrued fees and salaries into new Common Shares by three of the Company's directors, as set out above, are deemed to be related party transactions pursuant to Rule 13 of the AIM Rules for Companies. Accordingly, the independent director for the purposes of the issue of the Fee Conversion Shares, being
For further information please contact:
Chief Executive Officer +61 4089 48182
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Chairman +61 409 969 955
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Group Company Secretary +852 91 864 854
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Corporate Development and Communications Officer +44 (0) 20 3289 9923
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Nominated Adviser +44 (0) 20 7409 3494
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Broker +44 (0) 20 7408 4090 |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.
PDMR Notification Forms:
The notifications below are made in accordance with the requirements of MAR.
1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
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2. |
Reason for the Notification |
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a) |
Position/status |
Non-Executive Chairman |
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b) |
Initial notification/amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI |
N/A |
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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 |
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a) |
Description of the Financial instrument, type of instrument |
Common shares of |
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Identification code |
BMG7567C1064 |
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b) |
Nature of the Transaction |
Conversion of Loan Facility and unpaid fees |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information Aggregated volume Price |
N/A (Single transaction) |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
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2. |
Reason for the Notification |
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a) |
Position/status |
Chief Executive Officer |
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b) |
Initial notification/amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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|
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b) |
LEI |
N/A |
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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 |
Common shares of |
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Identification code |
BMG7567C1064 |
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b) |
Nature of the Transaction |
Conversion of unpaid fees |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information Aggregated volume Price |
N/A (Single transaction) |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
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2. |
Reason for the Notification |
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a) |
Position/status |
Non-Executive Director |
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b) |
Initial notification/amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
|
|
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b) |
LEI |
N/A |
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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 |
Common shares of |
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Identification code |
BMG7567C1064 |
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b) |
Nature of the Transaction |
Conversion of Loan Facility and unpaid fees, and cash participation in a Placing |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information Aggregated volume Price |
N/A (Single transaction) |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
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