viewAriana Resources PLC

Ariana Resources PLC - Director/PDMR Shareholding

RNS Number : 3813M
Ariana Resources PLC
21 January 2021






21 January 2021



Director/PDMR Shareholdings





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


-     on 19 and 20 January 2021, Michael de Villiers, Chairman, disposed of a total of 1,000,000 ordinary shares in the Company ("Ordinary Shares") at 4.90p per share;


-     on the same dates, Mr de Villiers purchased a total of 297,000 Ordinary Shares in his SIPP at 4.95p per share;


-     and on 19 January 2021, Mrs de Villiers, wife of Mr de Villiers, purchased a total of 900,000 Ordinary Shares in her SIPP at 5.07p per share.


Accordingly the holding of Mr de Villiers now stands at 56,000,000 Ordinary Shares in the Company, representing a holding of 5.21%.



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



Details of the person discharging  managerial  responsibilities  /  person  closely associated



Michael de Villiers



Reason for notification


Position / status




Initial notification




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



Ariana Resources plc






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


Identification code

Ordinary shares of 0.1 pence each in Ariana Resources plc






Nature of the transaction

Sale and purchase of ordinary shares


Price(s) and volumes(s)



Price(s) - sale


4.90 pence


Price(s) - purchase


4.95 pence


5.07 pence





Aggregated information



Date of the transaction

19 and 20 January 2021


Place of the transaction



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





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




Editors' Note


Editors' Note


About Ariana Resources (details as current and before completion of the JV):

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 depleted total of c. 2.1 million ounces of gold and other metals (as at July 2020). 

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 depleted resource inventory at the Project and its wider area is c. 500,000 ounces of gold equivalent (as at April 2020).  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. 1.5 million ounces of gold.  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 4 million ounce 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") and has to date earned into an entitlement to 12%.  Venus is focused on the exploration and development of copper-gold assets in Cyprus.

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

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




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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

Quick facts: Ariana Resources PLC

Price: -

Market: AIM
Market Cap: -

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


Ariana Resources says 2021 is off to flying start as it completes expanded...

Ariana Resources PLC's (LON:AAU) Kerim Sener caught up with Proactive's Andrew Scott soon after completing its joint venture deal in Turkey, with Özaltin and Proccea Construction. Formalising the terms agreed in December, the expanded JV deal sees the AIM-listed company bank US$37.75mln of cash...

2 days, 6 hours ago

7 min read