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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Strategic Minerals Plc | AQSE:SML.GB | Aquis Stock Exchange | Ordinary Share | GB00B4W8PD74 | Ordinary shares |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.25 | 0.20 | 0.30 | 0.25 | 0.25 | 0.25 | 0.00 | 06:56:52 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSML
RNS Number : 5633T
Strategic Minerals PLC
06 January 2017
Market Abuse Regulation (MAR) Disclosure
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.
6 January 2017
Strategic Minerals plc
("Strategic Minerals" or the "Company")
Director Share Purchase and Grant of Options to Directors and Management
Director Purchase
Strategic Minerals plc (AIM: SML; USOTC: SMCDY) has been informed that Peter Wale, Director of the Company, acquired on 6 January 2017 a total of 2,500,000 ordinary shares in the Company at a price of 0.48474 pence per share. Following this acquisition, Mr Wale becomes the Company's largest shareholder with a beneficial interest in 46,364,000 ordinary shares in the Company, representing 3.8% of the Company's issued share capital.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the acquisition of shares in the Company by a director.
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) Name: Peter Verdun Wale --- --------------------------------- ------------------------- 2. Reason for the notification --- ------------------------------------------------------------ a) Position/status: Director --- --------------------------------- ------------------------- b) Initial notification/Amendment: Initial notification --- --------------------------------- ------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ------------------------------------------------------------ a) Name: Strategic Minerals plc --- --------------------------------- ------------------------- b) LEI: --- --------------------------------- ------------------------- 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 0.1p each Identification code: GB00B4W8PD74 --- --------------------------------- ------------------------- b) Nature of the transaction: Acquisition of shares --- --------------------------------- ------------------------- c) Price(s) and volume(s): Price(s) Volume(s) ---------- ---------- 0.4730 pence 1,000,000 0.4889 pence 1,000,000 0.4999 pence 500,000 ---------- ---------- --- --------------------------------- ------------------------- d) Aggregated information: Price(s) Volume(s) Aggregated volume: ---------- ---------- Price: 0.48474 pence 2,500,000 ---------- ---------- --- --------------------------------- ------------------------- e) Date of the transaction: 2017-01-06 08.261hrs UTC (1,000,000 shares) 08.28hrs UTC (1,000,000 shares) 08.29hrs UTC (500,000 shares) --- --------------------------------- ------------------------- f) Place of the transaction: London Stock Exchange (AIM) --- --------------------------------- -------------------------
Grant of Options
The Board of SML announce that they have granted the following options in the Company to reflect recent Board appointments and contributions to operations throughout 2016:
Holder Number Exercise Expiry Vesting Conditions** Price Date -------------- ---------- --------- ----------- --------------------- John Peters 8,000,000 GBP0.01 30/06/2018 GBP0.015 VWAP -------------- ---------- --------- ----------- --------------------- John Peters 8,000,000 GBP0.01 30/06/2019 GBP0.030 VWAP -------------- ---------- --------- ----------- --------------------- Clovis Hooper 3,000,000 GBP0.01 30/06/2018 GBP0.015 VWAP -------------- ---------- --------- ----------- --------------------- Clovis Hooper 3,000,000 GBP0.01 30/06/2019 GBP0.030 VWAP -------------- ---------- --------- ----------- --------------------- Alan Broome 3,000,000 GBP0.01 30/06/2018 GBP0.015 VWAP -------------- ---------- --------- ----------- --------------------- Alan Broome 3,000,000 GBP0.01 30/06/2019 GBP0.030 VWAP -------------- ---------- --------- ----------- --------------------- Peter Wale 2,000,000 GBP0.01 30/06/2018 GBP0.015 VWAP -------------- ---------- --------- ----------- --------------------- Peter Wale 2,000,000 GBP0.01 30/06/2019 GBP0.030 VWAP -------------- ---------- --------- ----------- ---------------------
** VWAP is a volume weighted average price per ordinary share over five consecutive trading days on AIM
The total number of options and the individual holdings can be found on the Strategic Minerals website (www.strategicminerals.net).
Commenting, Strategic Mineral's Managing Director, John Peters, said:
"The support shown by Peter Wale, our Director and now largest shareholder, is an encouraging sign of his, and the Board's, faith in the strategy being enacted. This strategy continues to be focused on operations being undertaken from existing cash flows and expected value added exploration (Redmoor and CARE) being managed by the Company and its joint venture partners.
Options granted continue to be at a significant premium to the current share price but reflect both Management and the Board's confidence in the Company's future performance and the need for shareholders to substantially benefit before rewarding Management and the Board."
For further information, please contact:
Strategic Minerals plc John Peters Managing Director www.strategicminerals.net Follow Strategic Minerals on: Twitter: @SML_Minerals +61 (0) 414 LinkedIn: strategic-minerals-plc 727 965 SP Angel Corporate Finance LLP Nominated Adviser and Joint Broker Ewan Leggat +44 (0)20 3470 Laura Harrison 0470 Optiva Securities Limited Joint Broker Graeme Dickson +44 (0)20 34111880 Yellow Jersey PR Financial PR Felicity Winkles +44 (0) 7825 Alistair de Kare-Silver 916 715
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the grant of options detailed above:
1. Details of the person discharging managerial responsibilities/person closely associated --- ------------------------------------------------------------------ a) Name: 1. John Peters 2. Clovis Hooper 3. Alan Broome 4. Peter Wale --- --------------------------------- ------------------------------- 2. Reason for the notification --- ------------------------------------------------------------------ a) Position/status: 1. Managing Director 2. President of US Subsidiary 3. Non-Executive Chairman 4. 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: Strategic Minerals plc --- --------------------------------- ------------------------------- b) LEI: --- --------------------------------- ------------------------------- 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 0.1p each Identification code: GB00B4W8PD74 --- --------------------------------- ------------------------------- b) Nature of the transaction: Grant of options --- --------------------------------- ------------------------------- c) Price(s) and volume(s): Exercise Volume(s) Price --- ---------- ----------- 1. GBP0.015 8,000,000 1. GBP0.030 8,000,000 3,000,000 2. GBP0.015 3,000,000 2. GBP0.030 3,000,000 3. GBP0.015 3,000,000 3. GBP0.030 2,000,000 4. GBP0.015 2,000,000 4. GBP0.030 --- ---------- ----------- --- --------------------------------- ------------------------------- d) Aggregated information: Price(s) Volume(s) Aggregated volume: ---------- ----------- Price: 0.0225 pence 32,000,000 ---------- ----------- --- --------------------------------- ------------------------------- e) Date of the transaction: 2017-01-06 07.45hrs UTC --- --------------------------------- ------------------------------- f) Place of the transaction: Outside of a trading venue --- --------------------------------- -------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
January 06, 2017 07:03 ET (12:03 GMT)
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