leadf
logo-loader
viewArc Minerals Limited

Arc Minerals Limited - Directors' Dealing

RNS Number : 9745S
Arc Minerals Limited
14 July 2020
 

14 July 2020

Arc Minerals Ltd 

('Arc' or the 'Company')

Directors' Dealing 

Arc Minerals announces that today it was notified that today Mr Rémy Welschinger, Finance Director of the Company, had purchased a total of 1,500,000 shares of no par value in the Company ("Ordinary Shares") at an average price of 3.04 pence per share.

Following this transaction, Rémy Welschinger holds a beneficial interest in 14,528,844 Ordinary Shares representing approximately 1.49 per cent. of the Company's issued share capital. In addition, Mr Welschinger holds a beneficial interest in 23,024,446 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:

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Rémy Welschinger 

2.     

Reason for the notification

a)

Position/status:

Finance Director

b)

Initial notification/Amendment:

Initial notification

3.     

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

a)

Name:

Arc Minerals Limited

b)

LEI:

213800XHFJVCC9GP2G75

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 no par value   

VGG045791016

b)

Nature of the transaction:

Purchase of shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

(i)       3.30 pence

500,000

(ii)      3.00 pence

250,000

(iii)     2.90 pence

100,000

(iv)     2.89 pence

100,000

(v)      2.93 pence

100,000

(vi)     3.00 pence

100,000

(vii)    2.90 pence

100,000

(viii)   2.78 pence

250,000

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

3.04 pence

1,500,000

 

 

 

e)

Date of the transaction:

2020-07-14

(i)          09:58 BST

(ii)         10:00 BST

(iii)        10:03 BST

(iv)        10:03 BST

(v)         10:03 BST

(vi)        10:04 BST

(vii)       10:05 BST

(viii)      10:11 BST

f)

Place of the transaction:

London Stock Exchange, AIM

 

Contacts

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.
 
END
 
 
DSHEAAXLFALEEFA

Quick facts: Arc Minerals Limited

Price: 4.0375

Market: AIM
Market Cap: £39.59 m
Follow

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

NO INVESTMENT ADVICE

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...

FOR OUR FULL DISCLAIMER CLICK HERE

Investor Update: Oracle Power's Pakistan block recognised as potential...

Headlines from the Proactive UK newsroom. Oracle Power PLC’s (LON:ORCP) resource on Block VI at Thar in Pakistan has been officially recognised as a potential coal gasification into fertiliser project. Pakistan is estimated to face a sizeable fertiliser shortage by 2026. Arc Minerals Ltd...

on 19/11/19