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W Resources PLC - Director/PDMR Shareholding

RNS Number : 3482J
W Resources PLC
16 August 2019
 

 

 

 

 

 

 

 

 

 

16 August 2019

 

W Resources Plc

("W" or the "Company")

 

Director Dealing

W Resources Plc (AIM:WRES), the tungsten, copper and gold mining company with assets in Spain and Portugal, was notified by the Company's Chairman, Mr Michael Masterman on 16 August 2019 that on 15 August 2019 Symmall Pty Ltd, of which Mr Michael Masterman (a director of the Company) is both a beneficiary and trustee, purchased 15,000,000 ordinary shares of 0.1p each ("Ordinary Shares") at a price of 0.44p per Ordinary Share.

The transaction was conducted as an off-market transfer from his wife, Mrs Holly Masterman, who sold 15,000,000 Ordinary Shares at a price of 0.44p per Ordinary Share to Symmall Pty Ltd.

Following this transaction, Mr Michael Masterman's interest in the Company (including those of related parties) remains at 1,115,772,790 Ordinary Shares representing 18.50% of the Company's total voting rights.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Enquiries:

W Resources Plc

Michael Masterman

T: +44 (0) 20 7193 7463

www.wresources.com

 

Grant Thornton UK LLP

Colin Aaronson / Seamus Fricker

T: +44 (0) 20 7383 5100

 

 

Joint Broker

Turner Pope Investments (TPI) Ltd

Andy Thacker

T: +44 (0) 203 621 4120

www.turnerpope.com

 

Gable Communications

Justine James

T: +44 (0) 20 7193 7463

M: +44 (0) 7525 324431

Joint Broker

Alternative Resource Capital / Shard Capital

Alex Wood

T:+44 (0) 207 186 9004

www.altrescap.com

Damon Heath

T:+44 (0) 207 186 9952

www.shardcapital.com

 

 

Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Michael Masterman (Legal person: Symmall Pty Ltd)

2

Reason for the notification

a)

Position/status

Chairman

b)

Initial notification /Amendment

Initial notification

3

 

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

a)

Name

W Resources Plc

b)

LEI

213800H66EK87TAOS666

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 of 0.1 pence each

Identification code

GB00B0358H47

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)







Price(s)

Volume(s)




0.44 pence

15,000,000







d)

Aggregated information


- Aggregated volume

Aggregate volume: 15,000,000

Aggregate price: 0.44 pence

Aggregate total: £66,000

- Price


e)

Date of the transaction

15 August 2019

f)

Place of the transaction

Outside a trading venue

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Holly Masterman

2

Reason for the notification

a)

Position/status

Person of close association to Michael Masterman

b)

Initial notification /Amendment

Initial notification

3

 

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

a)

Name

W Resources Plc

b)

LEI

213800H66EK87TAOS666

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 of 0.1 pence each

Identification code

GB00B0358H47

b)

Nature of the transaction

Sale of shares

c)

Price(s) and volume(s)







Price(s)

Volume(s)




0.44 pence

15,000,000







d)

Aggregated information


- Aggregated volume

Aggregate volume: 15,000,000

Aggregate price: 0.44 pence

Aggregate total: £66,000

- Price


e)

Date of the transaction

15 August 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.
 
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Quick facts: W Resources PLC

Price: 0.1617

Market: AIM
Market Cap: £10.83 m
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