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 14 August 2019 that on 13 August 2019 Symmall Pty Ltd, of which Mr Michael Masterman (a director of the Company) is both a beneficiary and trustee, purchased 10,000,000 ordinary shares of 0.1p each ("Ordinary Shares") at a price of 0.415p per Ordinary Share.
Following these transactions, Mr Michael Masterman's interest in the Company (including those of related parties) increases to 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.
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
Details of the person discharging managerial responsibilities / person closely associated
Michael Masterman (Legal person: Symmall Pty Ltd)
Reason for the notification
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
W Resources Plc
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 0.1 pence each
Nature of the transaction
Purchase of shares
Price(s) and volume(s)
- Aggregated volume
Aggregate volume: 10,000,000
Aggregate price: 0.415 pence
Aggregate total: £41,500
Date of the transaction
13 August 2019
Place of the transaction
London Stock Exchange's AIM Market
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
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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