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:
Details of the person discharging managerial responsibilities/person closely associated
Reason for the notification
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Arc Minerals Limited
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:
Ordinary shares of no par value
Nature of the transaction:
Purchase of shares
Price(s) and volume(s):
Single transaction as in 4 c) above
Date of the transaction:
Place of the transaction:
London Stock Exchange, AIM
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.
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