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Ariana Resources PLC - Director/PDMR Shareholding

RNS Number : 2532D
Ariana Resources PLC
27 October 2020
 

 

 

 

 

 

27 October 2020

AIM: AAU

 

Director/PDMR Shareholdings

 

 

Ariana Resources plc ("Ariana" or "the Company"), the exploration and development company operating in Turkey, announces that it has been informed of the following transactions:

 

-     on 23 October 2020, Michael de Villiers, Chairman, disposed of 500,858 ordinary shares in the Company ("Ordinary Shares") at 5.61p per share;

 

-     on the same date, Mr de Villiers purchased 425,000 Ordinary Shares in his SIPP at 5.86p per share;

 

-     and on the same date, Mrs de Villiers, wife of Mr de Villiers, purchased 75,000 Ordinary Shares in her SIPP at 5.86p per share.

 

Accordingly the holding of Mr de Villiers now stands at 55,799,142 Ordinary Shares in the Company, representing a holding of 5.25%.

 

 

The following information relating to the transaction has been filed with the FCA in accordance with Article 19(1) of the Market Abuse Regulation,

 

Michael de Villiers

 

1

Details of the person discharging  managerial  responsibilities  /  person  closely associated

a)

Name

Michael de Villiers

 

2

Reason for notification

a)

Position / status

Chairman

 

b)

Initial notification

/Amendment

Initial

3

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

a)

Name

Ariana Resources plc

 

b)

LEI

213800LVVY7GZY21LH22

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 0.1 pence each in Ariana Resources plc

 

 

ISIN GB00B085SD50

 


Nature of the transaction

Sale and purchase of ordinary shares

c)

Price(s) and volumes(s)

 

 

Price(s) - sale

Volumes(s)

5.61 pence

500,858

Price(s) - purchase

Volumes(s)

5.86 pence

425,000

5.86 pence

75,000

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

23 October 2020

f)

Place of the transaction

LSE, AIM (XLON)  

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

 

Contacts:

 

Ariana Resources plc

Tel: +44 (0) 20 7407 3616

Michael de Villiers, Chairman


Kerim Sener, Managing Director




Beaumont Cornish Limited

Tel: +44 (0) 20 7628 3396

Roland Cornish / Felicity Geidt




Panmure Gordon (UK) Limited

Tel: +44 (0) 20 7886 2500

Atholl Tweedie / James Stearns




Yellow Jersey PR Limited

Tel: +44 (0) 20 3004 9512

Dom Barretto / Joe Burgess / Henry Wilkinson

[email protected]

 

 

Editors' Note

 

About Ariana Resources:

 

Ariana is an AIM-listed mineral exploration and development company operating in Europe.  It has interests in gold production in Turkey and copper-gold assets in Cyprus.  The Company is developing a portfolio of prospective licences in Turkey, which contain a total of 1.6 million ounces of gold and other metals (as at end-2017). 

 

The Red Rabbit Project is comprised of the Company's flagship assets, the Kiziltepe and Tavsan gold projects, and is part of a 50:50 Joint Venture with Proccea Construction Co.  Both assets are located in western Turkey, which hosts some of the largest operating gold mines in the country and remains highly prospective for new porphyry and epithermal deposits.  The Kiziltepe Sector of the Red Rabbit Project is fully permitted and is currently in production.  The total resource inventory at the Project and its wider area is c. 605,000 ounces of gold equivalent (as at end-2017).  At Kiziltepe a Net Smelter Return ("NSR") royalty of up to 2.5% on production is payable to Franco-Nevada Corporation. At Tavsan an NSR royalty of up to 2% on future production is payable to Sandstorm Gold.

 

The 100% owned Salinbas Gold Project is located in north-eastern Turkey and has a total resource inventory of c. 1 million ounces of gold equivalent.  The project comprises three notable licence areas: Salinbas, Ardala and Hizarliyayla, all of which are located within a multi-million ounce Artvin Goldfield.  The "Hot Gold Corridor" contains several significant gold-copper projects including the 4Moz Hot Maden project, which lies 16km to the south of Salinbas and 7km south of Hizarliyayla.  A NSR royalty of up to 2% on future production is payable to Eldorado Gold Corporation on the Salinbas Gold Project.

 

Ariana is also earning-in to 50% of UK-registered Venus Minerals Ltd ("Venus").  Venus is focused on the exploration and development of copper-gold assets in Cyprus.

 

Panmure Gordon (UK) Limited are broker to the Company and Beaumont Cornish Limited is the Company's Nominated Adviser.

 

For further information on Ariana you are invited to visit the Company's website at www.arianaresources.com.

 

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