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Directors Subscription

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RNS Number : 1057B
Landore Resources Limited
04 June 2019
 

Landore Resources Limited

("Landore Resources" or the "Company")

(AIM Ticker: LND.L)

Directors Subscription

Landore Resources Limited (AIM:LND) announced on 31 May 2019 it had raised gross proceeds of £1m through a placing and subscription of 142,857,143 new Ordinary Shares at a price of 0.7 pence per new Ordinary Share with new and existing investors in the Company (the "Fundraising").

As part of the Fundraising, it was further announced that certain Directors of the Company subscribed for the following number of shares:

Director

Position

New Ordinary Shares Subscribed For

Shareholding Following Admission

% Shareholding Following Admission

William Humphries

Chief Executive Officer

2,857,143

73,501,262

6.11%

Richard Prickett

Finance Director

1,428,572

14,823,448

1.23%

Helen Green

Non-Executive Director

1,428,572

4,286,155

0.36%

 

Application has been made to the London Stock Exchange for the New Ordinary Shares and the Cenkos Shares to be admitted to trading on AIM. It is currently expected that Admission will become effective, and that dealings in the New Ordinary Shares will commence on AIM, at 8.00 a.m. on 6 June 2019 ("Admission"). The New Ordinary Shares and the Cenkos Shares will, when issued, rank pari passu with the Existing Ordinary Shares.

For more information, please contact:

Landore Resources Limited

 

 

Bill Humphries, Chief Executive Officer

Tel: 07734 681262

 

 

 

 

Richard Prickett, Finance Director

Tel: 07775 651421

 

 

www.landore.com

 

 

 

 

Cenkos Securities plc (Nominated Adviser and Sole Broker)

 

Derrick Lee / Beth McKiernan / Pete Lynch

Tel: 0131 220 6939

 

 

 

 

 

            1.     

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name:

William Humphries

 

            2.     

Reason for the notification

 

a)

Position/status:

Chief Executive Officer

 

b)

Initial notification/Amendment:

Initial Notification

 

            3.     

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

 

a)

Name:

Landore Resources Limited

 

b)

LEI:

21380019CJ5T1PNY3Q69

 

            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 in Landore Resources Limited

 

 

GB00B06VJ325

 

b)

Nature of the transaction:

Subscription

 

c)

Price(s) and volume(s):

Price

Volume

 

0.7p

2,857,143

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

 

e)

Date of the transaction:

31 May 2019

 

f)

Place of the transaction:

Outside a trading venue

             

 

 

 

 

 

            1.     

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name:

Richard Prickett

 

            2.     

Reason for the notification

 

a)

Position/status:

Chief Financial Officer

 

b)

Initial notification/Amendment:

Initial Notification

 

            3.     

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

 

a)

Name:

Landore Resources Limited

 

b)

LEI:

21380019CJ5T1PNY3Q69

 

            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 in Landore Resources Limited

 

 

GB00B06VJ325

 

b)

Nature of the transaction:

Subscription

 

c)

Price(s) and volume(s):

Price

Volume

 

0.7p

1,428,572

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

 

e)

Date of the transaction:

31 May 2019

 

f)

Place of the transaction:

Outside a trading venue

             

 

 

 

 

 

            1.     

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name:

Helen Green

 

            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:

Landore Resources Limited

 

b)

LEI:

21380019CJ5T1PNY3Q69

 

            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 in Landore Resources Limited

 

 

GB00B06VJ325

 

b)

Nature of the transaction:

Subscription

 

c)

Price(s) and volume(s):

Price

Volume

 

0.7p

1,428,572

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

 

e)

Date of the transaction:

31 May 2019

 

f)

Place of the transaction:

Outside a trading venue

             

 

 


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
 
 
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Quick facts: Landore Resources Ltd

Price: 0.725

Market: AIM
Market Cap: £9.45 m
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