07:00 Mon 19 Jul 2021
Rainbow Rare Earths - Director Shareholding
Rainbow Rare Earths Limited
("Rainbow" or the "Company")
(LSE: RBW)
Director/PDMR Shareholding
Rainbow Rare Earths Ltd announces that
The net effect of this transaction leaves the overall beneficial holding of
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 |
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a) |
Name |
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2 |
Reason for the notification |
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a) |
Position/status |
Director |
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b) |
Initial notification/ Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Rainbow Rare Earths Limited |
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b) |
LEI |
213800HONYSAXTG6KS11 |
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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
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a) |
Description of the financial instrument, type of instrument
Identification code |
Ordinary shares of no par value each
GG00BD59ZW98 |
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b) |
Nature of the transaction
|
Transfer of ordinary shares of no par value from Pella Ventures Limited to Huntress (CI) Nominees Limited. The shares remain beneficially owned on behalf of |
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c) |
Price(s) and volume(s)
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|
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d) |
Aggregated information
Aggregated volume
- Price
|
2,656,296
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e) |
Date of the transaction
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f) |
Place of the transaction |
Outside of a trading venue |
**ENDS**
For further information, please contact
Rainbow Rare Earths Ltd |
Company |
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+27 82 652 8526
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SP Angel Corporate Finance LLP |
Broker |
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+44 (0) 20 3470 0470 |
Flagstaff Strategic and Investor Communications |
|
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+44 (0) 207 129 1474 |
Notes to Editors:
Rainbow's strategy is to become a globally-significant producer of rare earth metals. NdPr are vital components of the strongest permanent magnets used for the motors and turbines driving the green technology revolution. Analysts are predicting demand for magnet rare earth oxides will grow substantially over the coming years, driven by increasing adoption of green technology, pushing the overall market for NdPr into deficit.
The Phalaborwa Rare Earths Project, located in
The Company's Gakara Project in
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