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Arc Minerals Limited

Directors' Dealing

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RNS Number : 1567I
Arc Minerals Limited
07 August 2019
 

7 August 2019

Arc Minerals Ltd 

('Arc' or the 'Company')

Directors' Dealing 

Arc Minerals announces that yesterday it was notified that Mr Rémy Welschinger, Non-Executive Director of the Company, had purchased 100,000 shares of no par value in the Company ("Ordinary Shares") at a price of 4.00 pence per share.

Following this transaction, Rémy Welschinger holds a beneficial interest in 13,028,844 Ordinary Shares representing approximately 1.82 per cent. of the Company's issued share capital. In addition, Mr Welschinger holds a beneficial interest in 9,044,446 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:

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:

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)

4.00 pence

100,000

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

4.00 pence

100,000

 

 

 

e)

Date of the transaction:

2019-08-06

08:44 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
 
 
DSHEAKPKELXNEFF

Quick facts: Arc Minerals Limited

Price: £0.03

Market: AIM
Market Cap: £22.75 m
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