leadf
logo-loader
viewScotgold Resources Limited

Scotgold Resources - PDMR/PCA Dealing

RNS Number : 3551H
Scotgold Resources Ltd
03 December 2020
 


3 December 2020

Scotgold Resources Limited

("Scotgold" or the "Company)

PDMR/PCA Dealing 

Scotgold Resources Limited (AIM:SGZ), the gold exploration and production company focused on Scotland, announces that it was notified on 1 December 2020 that Peter Hetherington, Non-Executive Director of the Company has sold 2,000,000 ordinary shares ("Ordinary Shares") at a price of 113.71p per Ordinary Share  to The Holywell Alpaca Settlement, a trust whose beneficiaries include persons closely associated ("PCA") to Peter Hetherington.

Following the sale of the Ordinary Shares, Peter Hetherington will have a beneficial interest in 2,088,961 Ordinary Shares, representing approximately 3.86% (previously 7.56%) of the ordinary share capital of the Company.

The Company confirms that this sale was made in compliance with the Company's Share Dealing Policy, and further that there exists no price sensitive information which has not previously been announced to the market

 

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)         

Full name of person Dealing

Peter Hetherington

2.            

Reason for 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 of entity

Scotgold Resources Limited

(b)         

LEI

213800HL5A2K7LW2G360

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

Ordinary Shares

(b)         

Identification code

AU000XINEAK5

(c)          

Nature of the transaction

Sale of Shares

(d)         

Price(s) and volume(s)

Prices(s)

Volume(s)

    113.71 pence

2,000,000

 

(e)          

Aggregated information:

- Aggregated volume

- Price

Single transaction as in 4(d) above 

(f)          

Date of transaction

1 December 2020

 

(g)          

Place of transaction

London Stock Exchange, AIM Market (XLON)

 

 

1.            

Details of the person discharging managerial responsibilities/person closely associated

 

(a)         

Full name of person Dealing

The Holywell Alpaca Settlement

2.            

Reason for notification

 

(a)         

Position/status

Trust owned by PCA of a Director of the Company,

(b)         

Initial notification/ Amendment

Initial notification

3.            

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

 

(a)         

Name of entity

Scotgold Resources Limited

(b)         

LEI

213800HL5A2K7LW2G360

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

Ordinary Shares

(b)         

Identification code

AU000XINEAK5

(c)          

Nature of the transaction

Purchase of Shares

(d)         

Price(s) and volume(s)

Prices(s)

Volume(s)

    113.71 pence

2,000,000

 

(e)          

Aggregated information:

- Aggregated volume

- Price

Single transaction as in 4(d) above 

(f)          

Date of transaction

1 December 2020

 

(g)          

Place of transaction

London Stock Exchange, AIM Market (XLON)

 

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.

 

**ENDS**

For further information please contact:

 

Scotgold Resources Limited

Richard Gray

 

Tel: +44 (0)1838 400 306

SP Angel Corporate Finance LLP

Nomad and Broker

Ewan Leggat / Charlie Bouverat

 

St Brides Partners

Financial PR

Susie Geliher / Frank Buhagiar

 

Tel +44 (0) 20 3470 0470

 

 

 

Tel +44 (0) 20 7236 1177

 

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFLLLBBLLXFBB

Quick facts: Scotgold Resources Limited

Price: -

Market: AIM
Market Cap: -
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

Scotgold Resources' CEO Richard Gray set to retire as mine goes from...

Scotgold PLC’s (LON:SGZ) chief executive Richard Gray and Philip Day tell our Proactive audience about the news of Gray's retirement at the end of March following the group’s move from an explorer to producer. Gray says 'the basics are now in place and we look forward to adding new value under...

2 days, 5 hours ago

6 min read